I have been following the story of Elon Musk for several years now. His attitude toward innovation, risk taking and the possibility of failure is what I consider to be an “example of good.” This attitude has earned him a handsome fortune (worth $12b as of 2014) and a top spot in my “must interview” list for my book. In my previous world of new business development, my team and I had followed Musk’s company Tesla Motors closely as we were working on opportunities in the electric vehicle industry. At the time Musk had just begun general production of the Tesla Roadster and while it had won an award from Time Magazine as one of the best inventions of 2006 it was far from certain that the company could survive.
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.
Everyone credits Steve Jobs for the success of Apple but where would Apple be without their “failed” former CEO John Sculley who had to oust Steve Jobs from the company he founded? Not to say that their contributions were both equal but they were both instrumental in shaping Apple for its incredible success. It is well understood that organizations need different types of leaders at different times. Sometimes organizations need a good failure to create the drive that will propel them toward success. And sometimes leaders find their passion within the boiling animosity of working relationships. All of these situations were found with the Steve Jobs vs. John Sculley saga at Apple. So how can we learn from them?
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