Turning Failure into Success

"The author uses ten situations to show how the biggest opportunities often start as failures. These failures may be caused by the wrong strategy or more often the wrong execution. The opportunity emerges when the organization recognizes the failure and is willing to take the steps necessary to turn the failure into success. The willingness often comes from the highest level of management and even the Board of Directors. Often they have a need to understand why the failure occurred. Once that door is opened and the failure properly explored, an opportunity often emerges. As one moves through the cases, a series of principles emerge for Turning Failure into Success.