Failure is a Potent Teacher

Failure is a very potent teacher for construction contractors if:

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Leadership Tools: Failure is a Potent Teacher.
  • You don’t define failure just as CATASTROPHIC events that seriously damage your business.  
  • You define failure broadly as ANYTHING that is not adding value to the customer or slowing your progress.  
  • You embrace failure as part of the learning process diving deeply into the Root Cause Analysis (RCA). 
  • You develop a culture and systems so that everyone on the team thinks about the business as a series of interrelated cycles.  Consider all the interrelated cycles from the installation of a light fixture in the field to to the monthly project review meetings to the annual business planning process.  
  • Your whole team views each cycle as an opportunity to improve (PDCA)
  • You have developed structured processes for continuously updating your Standard Operating Procedures (SOPs) as your team learns then rolling them out across the company improving the whole team’s capabilities.  

Book Resources:

The Five Elements of Effective Thinking

Thinking in Bets

Related LinkedIn Posts:  

Churchill - Failure is NOT Fatal

Fail 9 Times to Succeed




Stages of Development - The Seven Habits of Highly Successful People
Building even a simple construction project requires coordinating 100+ people. While we may like to think of ourselves as 'independent,' it is not the highest stage of development.
Our Promises
We love the construction industry. We believe in aggressive business and talent development balanced with conservative operations and financial management. We make six promises to the industry, to our clients, to each other, and to ourselves:
Balancing Exploration and Exploitation
Exploitation involves choosing the best option based on current knowledge of the system which may be incomplete or misleading. Exploration involves testing new options that could lead to better future outcomes but drawing resources away from exploitation.