This is an interesting and important read……there are so many articles today regarding failure…..not bad, use, learn from, necessary to succeed, etc. This author helps to define the spectrum of kinds of failure, and in doing so, how you should best manage them. This is important for all entrepreneurs and small business owners.
Excerpt…..I have seen too many bold social innovation projects — ambitious in their desire to enact real change — culminate in a collective excitement over the fact that, while the project itself was a failure, it was a great success for the designers. But hold on! Anyone who has experienced staggering failure knows that it is ugly, painful, and psychically destructive. It haunts you when you can’t sleep in the wee hours of the night and it can threaten longstanding, valued relationships. Clients may turn away from you, supporters lose confidence in you, and there’s a profound and, at times, corrosive level of self-questioning that ensues.
Thus, in order to better distinguish these conflicting kinds of failure, we need a failure spectrum — from devastating to productive — that allows us to differentiate among these different modalities
Read full article……via Among Six Types Of Failure, Only A Few Help You Innovate | Co.Design.
