Its not only in a career where failure can teach a lot, the same applies across various aspects in life. Few people are naturally gifted or developed the skill of self-awareness and they contantly seek views to do course correction. Others need to big set back to really think hard, pick up views, introspect and do a course correction. I strongly believe that if you ask the right questions to people one can learn from their experience, ofcourse the extent of learning varies. 2 quotes that i think are relevant to this topic, by Hyman G. Rickover

“Success teaches us nothing; only failure teaches.”

“You have to learn from the mistakes of others. You won’t live long enough to make them all yourself.”

Kodak as a company took many serious decisions to avoid failure, but then perhaps complacency set in! And one mistake trigerred a series of mistakes to just cover up the first mistake, you can see such steps from people and companies.

TED Blog

At TEDxUW 2011, economics professor Larry Smith gave a memorable talk titled, “Why you will fail to have a great career.” [ted_talkteaser id=1384]The hilarious talk takes aim at people and the incredible excuses they dream up for not pursuing their passions, from “It’s too hard” to “But I value human relationships more than my work.” His talk was a call for people to get out of their own way and at least try.

At this year’s event, entrepreneur Michael Litt gave his reaction to Smith’s talk, titled, “Why you have to fail to have a great career.” His idea: that failure provides the ultimate experience needed for success — learning to get up and dust yourself off after a fall. Watch above to hear Litt’s candid telling of a time he failed professionally, big time. Since being posting on December 23, this talk has been watched…

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About Ramesh Ramakrishnan

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