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Techniques, and management methodologies companies use to learn from their mistakes and failures?

Techniques, and management methodologies companies use to learn from their mistakes and failures?

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Approach to failure has many ways that the companies use to learn from these failures.Be it the big giants like Amazon or a media company like Netflix, all have made it through the failure and success models. Here are the initial levels generally followed.

Positive Approach: You have to give the room of mistakes to yourself and the company as an entity. Hence you need to approach the failure in a way that some lessons should be learnt from it.

Blame Game: One of the very obvious acts of any organisation and even individually. Failure inseparable in most organizations, and cultures. Every one has somewhere or the other played the blame on someone else. That is why so few organizations have shifted to a culture of psychological safety in which the rewards of learning from failure can be fully realized.

Experimentation: The failure soon would look like an experiment that failed. Organizations are bound to learn from mistakes if they see it as an experiment that did not really work.

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