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The Wisdom of Failure: How to Learn the Tough Leadership Lessons Without Paying the Price by Jim McConoughey, Laurence G. Weinzimmer

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THREE

Businesses You Have No Business Being In

Roaming Outside the Box

A train can be heading along a track, deliberate and steady, for hundreds of miles. All of a sudden something happens, and the train derails and flies off the track. The “something” might be a break in the tracks, excessive speed, mechanical problems, human error, or a combination. The Federal Railroad Administration reported that in 2008, nearly two thousand derailments occurred in the United States.1 Among those incidents, nearly one third were caused by human factors. Human factors are usually a result of going too fast. The cliché “falling asleep at the switch” is rarely a cause. It’s not that the people in charge aren’t paying attention; they are. They’re just making ...

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