Arthur BaldonadoYesterdayJan 21 at 4:15amManage Discussion EntryMarcus,Thanks for your post you noted: “Productive failureis the concept in which...

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Marcus,
Thanks for your post you noted: “Productive failureis the concept in which mistakes tend to turn into positive outcomes.” Your post reminded me how important contingency plans inorganizationtoday. Change is inevitable in business, and leaders must prepare for all emergencies. Mistakes are all part of our growth and development as individuals and society. As managers, we must set a positive example and become a role model of change within ourorganization. Keep it up and hope your day is going well.




Why are lesson learned important?







Answered Same DayJan 22, 2023

Answer To: Arthur BaldonadoYesterdayJan 21 at 4:15amManage Discussion...

Deblina answered on Jan 23 2023
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The concept of learning through experimentation is one of the major aspects that needs to be involved in terms of understanding the competitive edge of the company. It is obvious to mention that failure is inevitable. Product failures are often a necessary to learn important lessons and is considered to be a stepping stone to success. The lessons learnt from the product failure to is effective to understand the strategy that needs to be taken up and help the organisation to learn what had stumbled to the failure. Wisdom of learning from the...
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