Leading: 10 Stunning Benefits of Failure

Leading: 10 Stunning Benefits of Failure
by Dan Rockwell – February 2013

Success is a lousy teacher

Success teaches repetition. Do more of the same because more of the same produces more of the same.[dropshadowbox align=”right” effect=”lifted-both” width=”250px” height=”” background_color=”#ffffff” border_width=”1″ border_color=”#dddddd” ]

Kern Egan, Haymaker
Kern Egan

“So many good things have come out of my failures. Failures test you and build your character in ways that other experiences can’t. In addition, some of the best contacts I have in my network have come from meeting people in the pursuit of projects that ultimately did not work out.”[/dropshadowbox]

In changing times more of the same is deadly.

Success teaches confidence. Without confidence progress stalls, second-guessing prevails, the status quo persists. On the down side, success inflates confidence.

Bill Gates said, “Success is a lousy teacher.
It seduces smart people into thinking they can’t lose.

Danger

Too much confidence spawns failure. The vulnerabilities of over-confidence include:

  1. Failure to explore root causes of success.
  2. Resistance to evaluation.
  3. Feelings of invincibility.
  4. Closed ears.

Opportunity

Failure humbles some and angers others. Humble leaders:

[dropshadowbox align=”center” effect=”curled” width=”550px” height=”” background_color=”#ECF8E0″ border_width=”1″ border_color=”#dddddd” ]

  1. Ask what caused failure. Exploring failure is the most useful result of failure.
  2. Know they don’t know. Not knowing is the first step to knowing.
  3. Adapt. Stubborn resistance to adapting reveals arrogance.
  4. Know limitations. Acknowledge weaknesses to themselves and others.
  5. Transparency marks humble leaders.
  6. Seek advice and welcome feedback from all quarters.
  7. Welcome help. High potentials don’t say, “I can do it on my own.”
  8. Give credit.
  9. Respect skill in others.
  10. Honor teams rather than steal credit.[/dropshadowbox]

Bonus: Display compassion even during the rigorous pursuit of excellence.

High Potentials:

Watch team members respond to failure, frustration, and falling short. Continue stretching the humble and coaching the angry. Elevate the humble.

Work with the arrogant. If they refuse to grow, eliminate them. Humility builds. Arrogance destroys.

It’s a tough call because confidence is essential to success. But over-confidence eventually fails. The ten responses to failure help identify high-potentials.

Discuss with your team

What benefits have failure produced in your life?

How do you identify high potential employees?

 

The 2012 S3 Board Meeting: In Pictures

The 2012 S3 Board Meeting: In Pictures
by Kirk Wakefield – October 2012

The 2012 S3 Board Meeting kicked off on Tuesday afternoon (October 16) with the Ultimate Sales Panel, led by Murray Cohn from the NBA office. Yes, that’s Haley Hosch, our superstar 2007 S3 graduate.

The Ultimate S3 Sales Panel (2012)

If you’re going to make a good first impression, you have to have a walk-up song.

What's your walk-up song?
S3 majors all learn to have a memorable elevator speech.

The 2012 S3 Banquet

…attracted over 40 executives from dozens of teams and corporate partners. Ian McCaw, Baylor’s Athletic Director, was the guest speaker, explaining five ways the business of NCAA sports are becoming more like professional sports. S3 students spent the night visiting with board members at the tables.

Guest speaker Ian McCaw, Baylor Athletic Director, Dr. Darryl Lehnus & his wife Wanda, and Matt DiFibo.
The John Burnett Show
The Murray Cohn Table
The Bill Moseley & Bill Spicer Table

 

The Eric Fernandez Table

 

The Most Executives Table: Dawn Turner, Tyler Epp, George Killebrew, Joe Clark, Flavil Hampsten and S3 Students
The Dan Rosenthal Table
The Most S3 Alumni Table: Bryan Apgar, Drew Mitchell, Mike Vogelaar,and Brian George. Supervised by Mark Smith (Rockets).
The 800-Pound Gorilla Table
The Jon Heidtke Table

 Wednesday’s board meeting included great panels and presentations.

Winners of the AT&T Challenge, Cody Sandhoff, Brian Bauer, Tally Blair, and Olivia Rogers present their sponsorship activation ideas for the Dallas Stars.
Pardon the Sponsor Interruption: Wayne Guymon, Lynda Carrier-Metz, Dawn Turner, and George Killebrew respond to challenging issues with moderator Tyler Epp.
Eric Fernandez moderates the panel on the role of Digital & Social Media Strategy in sports with Brian George, Bill Moseley, and Dave Evans.
In the afternoon, all S3 majors interviewed with teams and corporate partners for summer internships (juniors) and jobs (seniors). Dan Rosenthal of the New York Yankees was a popular stop for students like S3 junior Amy Leinart.