Learning from failure to grow

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings It has long been clear that leadership and firm success are often one and the same. How leaders cope with failure is essential to understand, as they have a key role in either allowing the failure to end the firm or finding places of growth to become a long-term success. Research limitations/implications The limitations of this article include the inability to confirm causality due to a time-lagged analysis and a potential common method bias from using only subordinate data. Practical implications Firms should search for leaders who use humor and humility to cope with failure, as well as a worldview that appreciates the growth failure can provide. Firms should also hire employees who have similar values and perspectives to ensure task reflexivity, adaptation, innovation, and growth. Firms should prioritize creating a supportive work culture that encourages growth and innovation, fostering open communication to ensure a sense of equality and collaboration. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.