Heard on the street: “If failure is the mother of success, then who is the father? Or does success, like Heather, have two mommies?”
CNN recently ran a series on creativity. One of the articles was “The Success of Failure.”
While this particular piece was not directed specifically at business failures, the timing was striking. Its been over three years since one of the worst financial meltdowns in history. We are still digging ourselves out. Are we still in “failure” mode?
Nowhere is failure more apparent than in the restructuring area. Every case stems from a failure of one kind or another. Our job is to make a success of it, or at least try to salvage what we can. This is ever more challenging now, given that the economy is still operating like the Spaceship Mir. Continue reading