Learn From Mistakes
The best companies allow employees to experiment and make mistakes. In many organizational cultures, innovation is discouraged when leadership doesn’t encourage risk taking. Making mistakes is one of the best ways to learn. We often learn more from our mistakes than our successes. Managers who do not empower employees to take risks to avoid consequences of their actions will depress learning and development. Many people avoid taking risks because they don’t want to experiences consequences. Others make mistakes and don’t learn when they look to avoid consequences.
The same principle applies in our personal lives. I haven’t always made great decisions, though I accept responsibility for and learn from my mistakes. At one point, I started a business without doing my due diligence or consulting my wife, who wisely was against the idea. Four years later, we had depleted our savings and our home was in foreclosure. In the end, we were forced to give it back to the bank. This was devastating. I changed direction with my business, we found a nice rental house, and life continued. It was not the bank or the government that caused me to lose our home. It was a consequence of my choices and actions. Experiencing the consequences of our actions can be a catalyst for change.
Failing to take responsibility and ownership for our decisions can be very costly. We lose the opportunity to learn and grow. I had a friend who was losing his home a couple of years ago. In his case, he decided to stop paying his mortgage when the value of his home fell below what he owed. Many people did this expecting a bailout from the government. When he was complaining about why the president wasn’t doing enough to help him, I interrupted him and told him his blaming was preventing him from finding another solution. He was being a victim. Experiencing the consequences of our actions is incentive to quickly learn and change course. I know first-hand how painful it is to lose a home. But blaming others for our predicaments only hurts us….we give away our power to change. If we believe our problems are generated externally, we may think we have no choice. If we think nothing we do will matter, we may choose to do nothing. When we take personal responsibility, we change our behavior and our outcomes, creating opportunities to learn, grow, and change. It all starts with choosing our response, and learning from the consequences of our choices.
The author Spencer Horn is the President of Altium Leadership. Additional articles which may interest you: How To Create Success From Failure; Leadership Is About Impact Not Intention; How To Prepare Your Next Generation Of Leaders; Increase Your Effectiveness As A Leader With Perception Science; How To Get Your People To Change Today; Cure For The CEO Disease; The Importance of Values