As we quickly approach the end of the year, companies are beginning to celebrate their successes from this year and make plans for the new year. While these two activities are important, they are most effective when paired with an activity that is commonly left out: analyzing this year’s failures. While people are often uncomfortable associating themselves with failure, it would be a huge mistake to try and move your company forward without evaluating shortcomings.
When you take the time to learn from your mistakes, you can prepare yourself (and your company) to overcome these challenges and make even more powerful plans.