Did you hear that crashing sound? It was another well-intended business initiative biting the dust. It happens to the best and the brightest. Actually, the best and the brightest in business welcome failure. Successful leaders know that without allowing for failure, we allow little room for creativity and innovation.
While we rightly focus attention on return on investment, London Business School professor Julian Birkinshaw suggests there is also value in considering our ROF– return on failure. Check out his thoughts at https://hbr.org/2016/05/increase-your-return-on-failure.