The Wisdom of Failure: An Interview with Laurence Weinzimmer & Jim McConoughey
For their book, “The Wisdom of Failure,” authors Laurence Weinzimmer and Jim McConoughey interviewed 1,000 managers and leaders on one of my favorite topics: failure. The results comprise a fascinating volume on the benefits of blunders.
Here are some insights from their book.
What can understanding failure teach both seasoned and aspiring leaders that they can’t learn only by modeling success?
While studying success provides valuable lessons during good times, often these lessons aren’t applicable in hard times. The road isn’t always smooth and the sky isn’t always blue. When challenges present themselves, lessons gleaned from previous failures can help leaders avoid making the same mistake twice or making the wrong decisions.
Making mistakes — or failing — are part of taking healthy risk. They provide us with new ways of thinking and give us new insights into how we can improve as leaders.


Did you ever find yourself questioning an arrangement between yourself and another person? Not an arrangement that was mutually agreed upon or even spoken about –- but a habit, or series of habits that detrimentally affect you but which you find yourself continuing to do nevertheless?
“Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits to oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamt would have come his way. I learned a deep respect for one of Goethe’s couplets:
As soon as your body hits the bed, it’s like a gun firing at the starting line. Your thoughts take off like a pack of horses, each thought racing faster than the first.
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