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In this episode of the 5 Leadership Questions Podcast Todd Adkins and Barnabas Piper are joined by Brad Lomenick to talk about how leaders can bounce back after failure. They specifically explore coming back from a business or organizational failure (more so than moral failures, though that does get briefly discussed). The conversation covers regaining trust, when a leader simply can’t come back., and what steps leaders can take to make up for mistakes.
- What’s the difference between responding to a moral failure vs. a business failure?
- What is the first step a leader must take after failure?
- What are ways to limit the damage of failure?
- At what point is failure to great to recover from in leadership?
- How can a leader regain his or her confidence as well as the confidence of followers after failure?
BEST QUOTES
“There’s a difference between breaking the business plan and breaking God’s law.”
“Business failure can lead to moral failure.”
“Don’t be a failure but don’t be afraid of failing.”
“Moral failure says you must take a step back from leadership.”
“People can often be restored where there isn’t the baggage of their own failure.”
“It’s hard to get a fresh start where you had your past.”
“There’s a difference between making a dumb decision and a sinful decision.”
“Sometimes you make a good decision at the time and things just don’t work out.”
“Push the blame onto your self, publicly especially.”
“Always out yourself to the authority above you.”
“Don’t just take a step to admit failure. Take a step to remedy the issue.”
“ Think about the concentric circles of your failure and who is affected.”
“Everyone I have affected needs to be apologized to.”
“Authenticity and humility may not limit the damage in the short run but they will limit the damage in the long run.”
“Leaders take risks.”
“When failure is often to great to recover from is when it’s compounded.”
“If you inspire a lack of confidence you can’t lead.”
“One of the ways you show your character is by getting back up on the horse.”
“For every failure you need a lot of wins.”
“Failures can be mile markers on the way to success.”
RECOMMENDED RESOURCES
Creativity Inc. by Ed Catmull
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