In my last post I had highlighted the benefits of being a young entrepreneur in experiencing failure sooner rather than later in life (Why Youth Can Be an Advantage in Being an Entrepreneur). As I was working on that story I kept thinking about how the same advice holds true for the young employee as well. Learning from our failures doesn’t have to equate to getting older. Last week I published an article on The 5 Traits of Those Who Learn and Grow from Failure for YouTern.com, a publication focused on students looking for internships or recent college graduates.
So everyone is talking about the importance of “transparency” in business these days – customer transparency, financial transparency, even radical transparency. Do you think you organization is open and transparent? Maybe your company uses social media to continually engage your constituents in every possible social media vehicle or maybe your CMO has been a little “overly transparent” when on more than one occasion he shared a corporate secret via his new blog. Sure you’ll talk about your wins, your new strategy, or your latest promotions but have you ever been transparent with your failures? Have you ever published an annual report that detailed your failed initiatives and the failures in your operations?
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