In an article in Forbes.com, Alan Quasha, founder, president and CEO of Quadrant Management, shares his thoughts on the “Magic in Mistakes.” He explains how mistakes can actually help people in the business world, and why people should appreciate this chance to learn lessons.
As Alan Quasha explains,
“We first must acknowledge what should be obvious: Mistakes happen. And, in fact, contrary to popular perception, that’s a good thing. As the great UCLA baseball coach John Wooden once said, the team that makes the most mistakes wins.
Mistakes only become a problem when very smart people or institutions lack the humility to acknowledge the likelihood of mistakes; fail to adequately plan or measure downside risk; or dismiss information that challenges a decision in favor of data that reinforces initial beliefs.”
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