How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Recorded Hiroshi Mikitani said elsewhere, not written here
My “act first” process is not foolproof. It can result in mistakes. In other areas of my business, we’ve changed policies that drew criticism from our customers, launched services too early, and pursued acquisitions that failed to close. But I consider these necessary risks, taken in the pursuit of innovation. In business, there will always be ideas that fail and projects that disappoint. But we learn these things by acting.

Quartz, 20 July 2022 source ↗

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Twyla Tharp Choreographer, dancer and author
You called it vision, I call it analyzing what my strengths were. It just so happened there was no market whatsoever for my strength, unless I was interested in becoming a show dancer, for which I tried, but I’m not tall enough. Also, when I auditioned for the Radio City Rockettes, they said, “We love your fouettés, but can’t you smile?” And things of that nature transpired between me and a commercial future. So, I managed to find a way of subsisting in the beginning by doing odd jobs, Kelly Girl temp work, selling perfume at Macy’s, and any and everything to be able to sustain studying and beginning a career with a group of dancers who were willing to devote five years, really, of their lives to me, working very seriously, with complete commitment, for not a penny.
Recorded Academy of Achievement (achievement.org), 1993 source ↗
Cal Ripken Jr. Baseball player; holder of the record for consecutive games played
No. I mean if you fail 70 percent of the time, you had a great year. You're dealing with failure seven out of ten times as a hitter.
Recorded Academy of Achievement interviewer, Academy of Achievement interview, Washington, D.C., 18 August 2020 source ↗
Frederick Sanger Biochemist; twice a Nobel laureate in Chemistry, 1958 and 1980
They’re not failures, you try something and it doesn’t work, and some people, you know, get fed up with this, and I’ve known some of my friends and colleagues who have just decided to give up science because they can’t stand it, but I’ve always decided, you know, if it doesn’t work, forget it and start planning the next experiment, and that’s always exciting.
Recorded Academy of Achievement interview, 28 October 2000 source ↗
Carlos Slim Helú Businessman and investor; chairman of Grupo Carso and América Móvil
Well yes, but like I said, small mistakes or small failures. We take small failures very often. We have failures in investment. We have failures in operation, but no big mistakes or big failures. How do we take that? Like ordinary business.
Recorded Academy of Achievement interview, 2 December 2007 source ↗

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Question What is something everyone in your world agrees about that you think is wrong? Values & belief
Of course, my decision faced plenty of criticism. One of my fellow Japanese CEOs went so far as to call the plan “stupid” – notable, in a country where executives do not generally criticize one another in the press. Clearly, I would have to fight an uphill battle for cultural acceptance. But I was not deterred. A seismic shift demands that we adapt to a new landscape, and a seismic economic shift is exactly what Japan has undergone in recent decades, driven by the forces of globalization and digitization. The only way to compete in this interconnected internet age is to speak the language of the market – and that language is English.
Recorded Mikitani's own essay, originally published on LinkedIn, Inc. (republishing Mikitani's own LinkedIn essay) source ↗

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