Applying Return on Failure to One’s Self

Failing is Not an End, But a Beginning

Why failure is an essential part of career success

David C. Wyld
Career Power
Published in
5 min readJun 23, 2024

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Photo by bruce mars on Unsplash

Overview

In our society, failure is often seen as a negative thing. We are taught from a young age that success is the ultimate goal and that failure is something to be avoided at all costs. However, what if we told you that failure can actually be a good thing? In fact, failure can be an essential part of success. This is the concept of Return on Failure.

Return on Failure is the idea that failure can provide valuable insights and lessons that can lead to future success. When we fail, we learn what doesn’t work and can use that knowledge to improve our approach. This can lead to new ideas, innovations, and breakthroughs that we wouldn’t have discovered otherwise.

In this article, we’ll explore the concept of Return on Failure in more detail and show you why embracing failure can be the key to unlocking your full potential.

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David C. Wyld
Career Power

David C. Wyld is a Professor of Strategic Management & Consultant. Follow him here on Medium for his latest publications. He supports his fellow Medium writers.