Learning from Failure

Conference Assignment Four: Learning from Failure

Question: Based on your knowledge of organization, management and leadership theory, what is the best explanation for why successful organizations experience dramatic failure?

Consider any big organizational or project failure Challenger, Iridium, Enron, Titanic, financial banking collapse, etc. Each of these situations represents large-scale project/organizational/ societal failure that had tremendous impact on their organizations. Consider any case of large scale societal/organization/project failure and offer your thoughts on blackboard as to the core reason as to why successful organizations experience big failures. You may want to consider one of the following questions. Why do successful, innovative organizations fail? What mistakes are most fatal? What will you do as a project leader to avoid such failure? Is failure inevitable, or the result of poor leadership?