A Fine Line Between Failure & Success In Business
Running your own business or managing a team, or a company can create the expectation within you that everything has to be 100% perfect all the time.
Often there is great value in what appears to be failure or near bankruptcy as is illustrated in the story of Soichiro Honda.
Soichiro Honda established the Honda Motor Co. Ltd. in September 1948. Several times over the years the Honda Motor Co. faced bankruptcy, however, Honda was a risk-taker and knew that expansion would only be possible with risk.
Honda learned to regard failures as necessary steps toward understanding. He instilled in others the drive to learn without fear of failure. Such was the road to success.
Honda’s close shaves caused him to focus on the bigger picture. “I knew that if I could succeed in the world market,” he said, “then automatically it would follow that we led in the Japanese market.”
Today, executives and people in the business world are turning to executive coaching to help them see the bigger picture while staying focused on the detail.
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