Amazon, Netflix, and Coca-Cola learn from failure, here’s how they do it

Why, all of a sudden, are so many successful business leaders urging their companies and colleagues to make more mistakes and embrace more failures?

In May, right after he became CEO of Coca-Cola Co., James Quincey called upon rank-and-file managers to get beyond the fear of failure that had dogged the company since the “New Coke” fiasco of so many years ago. “If we’re not making mistakes,” he insisted, “we’re not trying hard enough.”

Source: How Coca-Cola, Netflix, and Amazon Learn from Failure

It’s not just failing, it’s recognizing why you failed and how you can learn from it.

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