Business English Topic – How to deal with Failure?

The subject of failure has come across my mind various times these days and that prompted me to find out how successful business people deal with this abominable monster.   For some of us failure is something to avoid at all times and this attitude precludes us from trying new ideas because of our innate fear to fail. 
Successful business people, however, persevere past the blows of failure and quickly spring back to action.  They are prone to find new ways to achieve their goals until they find a viable solution; for them failure is almost by default essential for success. 
Please review the following excerpts from articles about failure and you will see how they all consider failure as an opportunity to succeed. 
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Failures and Success
http://www.chrisbrogan.com/failures/
Failure as a Business Imperative
Many innovations have come through failure. Post-It notes came about because of glue that didn’t set right. Sam Walton was told he couldn’t make up his own sales at his Ben Franklin store so he quit and founded Wal-Mart. Henry Ford ran two automobile companies that failed before he got it right.
Edison said, “If I find 10,000 ways something won’t work, I haven’t failed. I am not discouraged, because every wrong attempt discarded is another step forward.”
Failure is a beautiful thing. It leads to more chances to try something new

5 Secrets for Turning Failure In to Success
http://sbinfocanada.about.com/od/salesselling/a/failuresuccesrf.htm
Instead of viewing failure as something to be avoided, turn it into a "stepping-stone" on the path to success and gratification. In other words: Success is the destination. Failure is how you get there.
To achieve significant success in today's world, failure is not just a possibility. It's a requirement. We must see success and failure for what they truly are. They're not opposites, but instead opposite sides of the same coin.

How fear of failure destroys success
http://www.lifehack.org/articles/lifehack/how-fear-of-failure-destroys-success.html
Trial and error are usually the prime means of solving life’s problems. Yet many people are afraid to undertake the trial because they’re too afraid of experiencing the error. They make the mistake of believing that all error is wrong and harmful, when most of it is both helpful and necessary. Error provides the feedback that points the way to success. Only error pushes people to put together a new and better trial, leading through yet more errors and trials until they can ultimately find a viable and creative solution. To meet with an error is not to fail, but to take one more step on the path to final success. No errors means no successes either.

NPR Interview:
The NPR interview that follows is with Tim Harford, a columnist with the Financial Times.  I reviews his recent book "Adapt, Failure As An Option On The Way to Success"




Video about Chong-Moon Lee
http://www.ambex.com/management.htm

Chairman and CEO of AmBex Venture Group, LLC
Founder, CEO, Chairman and Chairman Emeritus of Diamond Multimedia Systems, Inc.
Chong-Moon Lee founded Diamond Multimedia Systems in 1982, which later achieved the No. 1 ranking in revenue and market share for PC graphics accelerator product in America (by IDC Computer Industry report, 1995). Diamond Multimedia was ranked 17th and 18th fastest growing privately held company in America for 1993 and 1994 on the Inc. business magazine's 500 fastest growing company list, and as the 8th fastest growing privately-held company in Silicon Valley by the Business Journal of San Jose in 1993. As the sole founder, it took 13 years of struggles to take the company to its successful IPO in early 1995. In 1996 he started another high technology venture company under the name of AmBex Venture Group. Since then, active investments have been made in the areas of wireless communication, voice over IP applications, internet infrastructures, network security and multimedia applications.

Watch it on Academic Earth