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Think. Most of us were never taught how to think! We all learn to think better by knowing the most critical challenges we face and implementing changes in next course. That’s called learning from failure.

The wisdom of learning from failure is incontrovertible. Yet organizations that do it well are extraordinarily rare. This gap is not due to lack of commitment of the organizations but due to lack of preparedness in estimating the overnight disasters. In many organizations any failure that can be hidden is hidden as long as it’s unlikely to cause immediate or obvious harm. The goal should be to surface it early, before it has mushroomed into disaster. That is why many organizations across industries shifted to a culture of playing safe, rely on tried-and-true solutions, so called conventional wisdom and stay in the boundaries of known knowledge. That is when thinking stops, creativity disappears, innovation ends and strategies get questioned. In this scenario running business or leading life is like following a 'self written' rules book. It’s alarming.

How many organizations re...

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