Assignment 1, The Value of Failure in Leadership
Trenise S. Palmer
Dr. Laura Poluka
MGT 550, Leadership Strategies
October 24, 2014
Failure is something that we cannot go through life without experiencing. The best thing about failure is that failure can be used as a great learning experience to improve upon things in our lives and career. Using failure as a learning tool is dependent upon the person and how they view it as well as how they use it. Failure is a matter of perspective and the lessons in failure are important aspects towards growth and development. If we did not experience failure there wouldn’t be opportunities for learning. Failure can teach us about ourselves as well as provide an understanding for our strengths and weaknesses and even provide motivation (Mindtools.com, 2012). There are many ways that failure can be used in your life and career to improve upon your vision as a leader. The first is that failure can be used to shape a person as a leader. It’s been said that failure is the fuel to opportunities and rewards. Failure is said to present learning opportunities for relationship building, recruiting people, gaining understanding for the expectations of others and dealing with organizational demands. Failure can be the most influential source for know-how and understanding. Failure teaches survival, renewal, reinvention as well as how to know yourself and the organization that you are leading (Llopis, 2012). In addition, failure can be used to define your own character as a leader, such as how to deal with defeat, analyzing what mistakes were made and learning accountability.
As a leader failure can be used as a tool for empowerment and better decision making based on past failed experiences as well as how to better equip yourself for new situatons that may arise. Failure tends to reveal opportunities for second chances. It allows you to see opportunities at a broader observation and assist with identidying the opportunities that maybe hidden beneath what you are ultimately seeking as a leader. Furthermore, failure can make you appreciate your responsibilities as a leader and consider the impact that you have on others as well as your organization. The learning opportunities that failure presents to you as a leader can teach you to become more efficient as a leader and find creative ways to improve upon your skills as a leader (Llopis, 2012). The second way that you can use failure to improve your vison as a leader is to use a past failure or mistake to create your vision. This can be done by using a failed experience as a professional coach. Knowing what you are working towards and using the failure to devleop strategies for obstacles can help to better plan for leadership responsibilties and address obstacles. Personal or professional failures can establish self-reliance, guidance, and support. Using a failure for guidance will help you take initiative when trying to accomplish your destiny and you will act on your own convictions. To become a leader, you must first learn to lead yourself. Initiative is a fundamental competence of leadership (Ostrow, 1998-2008). Additionally, failure can improve leadership by improving personal achievement, change management and provide positive value in goals and comittment. Transformational leaders inspire others to change their expectations, perceptions and motivations toward one common goal. Transformationa leaders encourage creativity among their followers as well as opportunities for learning. Transformational leadership involves offering support and encouragement to their followers. In addition, they are able to help their followers experience the same passion and motivation to fulfill goals (Cherry, 2014). Transformational leaders are considered to have four key traits which would be purpose driven, people driven, innovating and inspiring. They are said to motivate...
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