Barry and I have been advocating failure as a necessary part of a leader's journey ever since we published the first edition of The Leadership Challenge. That's because over and over again people in our studies tell us how important mistakes are to their success. This doesn't mean for a moment that failure is the objective of the endeavor. It's just that failure is a natural "byproduct of pushing the envelope," of attempting something extraordinary. So, I was excited to come across a cool 8-minute video from Honda that's posted on YouTube. It's entitled "Failure: The Secret to Success," and in it you'll hear Takeo Fukui, President and CEO of Honda Motor Co,. Ltd., say that "All the demands from Soichiro Honda (Honda founder) were to take risks and fail. The idea is that you can fail 100 times as long as you succeed once. 'Trial and Error' sums up Soichiro Honda's ideas. We can only make fantastic advances in technology through many failures." When you have 8 minutes, take a look and listen to what one of the leading companies in the world has to say about the subject.
Posted by Jim Kouzes