Preparing and thinking about failure Everyday millions of projects, new investments and ideas come up short. We would like to believe that the difference between success and failure is persistence. Sometimes that is the case but I would venture that the most important quality for success is flexibility. A most interesting upcoming conference is Failcon [...]
Archive for the ‘Failure’ Category
February 6, 2009 by Timothy Bosworth · Leave a Comment
Filed under: Branding, Credit Crunch, Failure
Filed under: Branding, Credit Crunch, Failure
Basic economics principles suggest that People face trade-offs. Every decision involves choices, and more of one good means less of another good. Income and wealth are not limitless, since there is only so much time available. Trade-offs apply to individuals, families, corporations and societies. People respond to incentives. If rational people compare costs and benefits, then changes [...]
The dictionary definition of failure is: Failure (colloquially fail, phail, flop or flub) in general refers to the state or condition of not meeting a desirable or intended objective.[citation needed] It may be viewed as the opposite of success Most entrepreneurs have felt and suffered failure before. What is interesting however, is what you do after you have failed.
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