So often in the business world, as in many other spheres, people are afraid to make mistakes. In an unusual and thought-provoking article in Forbes.com, Alan Quasha, founder, president and CEO of Quadrant Management, shared his opinion of mistakes. He explained why mistakes are necessary and valuable for any business community.
As Alan Quasha said,
“Better risk management is certainly part of the answer, but the larger part of the answer lies in the constant search for better solutions and continuous improvement that begins with a constructive attitude toward mistakes, which leads to early recognitions, and in turn, to learning, growth and improvement. This virtuous cycle leads to the most important asset a person or organization can have: integrity.
There can actually be a certain magic to mistakes, because if we consider in advance that we are likely to make them, we are then free to face mistakes early and treat them primarily as information we can share with others as we seek to improve the next decision and set a company–or our lives–upon the path to a sound strategy.”