There are 7 failures that I believe bring the best improvement opportunities:
Failure to Prioritize – Many a bad decision has come from our lack of perspective on the importance of one thing over another. The key learning here is to fully grasp the concept of “opportunity cost” – the cost of NOT doing something in favor of something else.
Failure to Decide – If the buck is going to stop with us, then we need the courage to make timely decisions, regardless of consensus or the lack of 100% of the information needed to make them. We learn that more often than not, it’s better to “do something” then let fear and inertia overtake us.
Failure to Progress – When a target is reached, the bar must be raised. And when that target is hit, it must be raised again. And again. Complacency is a state that HAS to be avoided, at all costs, and the ultimate learning here is that continuous improvement is an essential focus of any enterprise.