A Quote by Naveen Jain
How important is failure - yes, failure - to the health of a thriving, innovative business? So important that Ratan Tata, chairman of India's largest corporation, gives an annual award to the employee who comes up with the best idea that failed.
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If you can look at your failure and answer yes to the questions, "Did I give it my absolute best effort?" and "Have I learned something valuable?" then you have failed in the right way. By these standards, I've failed many times in my career. But every failure has made me stronger and wiser. Inevitably, success has always followed.
It's very important to learn quick lessons from your failures, very important to recognize symptoms of failure pretty early, and it is very, very important to not to be attached too much to the idea - you have to know when to give up an idea.
Everybody keeps saying that India's a poor country. Yes, we have poverty. But I blame the government of India, the political establishment, for their failure to educate and therefore their failure to control the poverty.
People aren't afraid of failure, they just don't know how to succeed. We are each responsible for our own success (or failure). Winning at what you do is no exception. To ensure a win, you must take a proactive approach. Prevention of failure is an important part of that process.
Failure's relative. I've always felt, even early on, if I lose the freedom to fail, something's not right about that. It's how you treat failure, too. There's something to learn from it. I've had movies that have failed colossally, so you kind of analyze your failures: What kind of failure was it? A failure because it's misunderstood by others? A failure because you misunderstood it yourself?
I do not know how history will judge me, but let me say that I've spent a lot of time and energy trying to transform the Tatas from a patriarchal concern to an institutional enterprise. It would, therefore, be a mark of failure on my part if it were perceived that Ratan Tata epitomises the Group's success. What I have done is establish growth mechanisms, play down individuals and play up the team that has made the companies what they are. I, for one, am not the kind who loves dwelling on the 'I'. If history remembers me at all, I hope it will be for this transformation.
The corporation is the "master", the employee is the "servant". Because the corporation owns the means of production without which the employee could not make a living, the employee needs the corporation more than vice versa.
Failure to spend the [presentation] time wisely and well, failure to educate, entertain, elucidate, enlighten, and most important of all, failure to maintain attention and interest should be punishable by stoning. There is no excuse for tedium.
Failure is so important. We speak about success all the time. It is the ability to resist failure or use failure that often leads to greater success. I've met people who don't want to try for fear of failing.
The failure of unions to support efforts to increase employee involvement and ownership coincided with their unwillingness to speak out on the broader issues of business effectiveness and performance. When foreign competitors threatened the survival of American manufacturers, unions chose to voice traditional employee demands for higher wages, better benefits, and more security. What they failed to provide were effective responses to the challenge of globalization.
In the business world today, failure is apparently not an option. We need to change this attitude toward failure - and celebrate the idea that only by falling on our collective business faces do we learn enough to succeed down the road.
Failure is awesome. Failure means you tried something, you tested it, and you learned some things. Failure gives you the tools to move forward.
What is failure? We can’t possibly know what failure is. Most people think they do, but that’s because they’re judging how their lives should be and what they need it to be: a success. Who is to say what’s a success and what’s a failure? Do your best. Trust. Relax. Do your best. Enjoy yourself.
By far the most important factor in the success or failure of any school, far more important than tests or standards or business-model methods of accountability, is simply attracting the best-educated, most exciting young people into urban schools and keeping them there.
I will work day and night to avoid failure, but if I can't, I'll pick myself up the next day. The most important thing for entrepreneurs is not to be put off by failure.
Don't let the fear of failure or failure as a whole stop you from becoming an entrepreneur. Failure doesn't define you or your business unless you allow it to.
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