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The up side of down : why failing well is the key to success / Megan McArdle.

by McArdle, Megan.

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Success in business.

Failure (Psychology)

Errors -- Psychological aspects.

Crisis management.

9780670026142 (hc.)

067002614X (hc.)

xiv, 299 pages ; 24 cm.

Includes bibliographical references (pages 273-290) and index.

Failure is fundamental -- The virtuous society -- The experimenters -- Accidents, mistakes, failures, and disasters -- Crisis -- Admitting you have a problem -- Getting unstuck -- Blame -- Punishment -- Forgiveness -- Coda.

"A counterintuitive, paradigm-shifting take on what makes people and companies succeed. Most new products fail. So do most small businesses. And most of us, if we are honest, have experienced major or minor setbacks in our personal or professional lives. What determines who will bounce back? If you want to succeed in business and in life, you have to learn how to harness the power of failure. McArdle has covered the rise and fall of some the world's top companies, and challenges us to think differently about how we live, learn, and work. Taking insights from turnaround experts, emergency room doctors, venture capitalists, child psychologists, bankruptcy judges, and mountaineers, McArdle argues that America is unique in its willingness to let people and companies fail, but also in its determination to let them pick up after the fall. Failure is how people and businesses learn. So how do you reinvent yourself when you are down? McArdle teaches us how to recognize mistakes early -- to channel setbacks into future success"--Provided by publisher.

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