What conditions or circumstances are required to render failure benign?
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Today I listened to a radio program where an entrepreneur in the toy industry extolled the virtues of failure. She claimed that all the numerous failures she had in her business (mostly toy ideas that didn't sell well) were integral to her continued success.
Similarly, we need only look at the career of President Trump, where failed casinos, a failed airline, a failed university, a failed vodka company, a failed mail-order steak business, a failed charitable foundation, and on and on apparently did not stop him from rising to be The Most Powerful Man in the World.
Yet, that's not how I've seen failure in my life or the lives of most people I know. In those lives...
--Failure at a job means a ruined reputation and never being able to work in that field again.
--Academic failure means closed-off opportunities for further education and/or dismissal from school
--Business failure means lost capital, ruined credit, inventory liquidated for pennies on the dollar, and so forth.
--Relationship failure means massive life disruption, lawyer fees, loss of economic security, and severe (often long-lasting) emotional trauma.
If I thought about it long enough, I'm sure I could relate other examples.
So what brings about this difference in experience? Why is it failure in some lives results in lessons learned and further opportunities to succeed, while in other instances the consequences are borderline insuperable?
Posted - December 21, 2019