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Management of Failure

Management of Failure

Management of Failure

Essay writing is a tool to test MBA aspirant on assessing overall communication and personality so it is also equally important and crucial component of MBA selection process. 

We at MBARendezvous.com - India's content lead MBA Website, have started series of articles on “essay Writing" which will certainly help you to achieve mission CAT 2022   

This article on "Management of Failure ” will boost your confidence to be successful in Essay Writing Test:

The bitter taste of failure is much bitterer than the sweet taste of victory can ever be. This is perhaps one of the biggest reasons why failure scares people much more than victory inspires them. The truth is that there are not many people; rather there are none, who say that they wish to taste failure in life. Everybody wishes to succeed. However, the irony is that the success and failure are not always guaranteed by our efforts or our desires. Sometimes, even when people give their best shot, they fail at what they do and this is what pushes them into tasting the dreaded. How do people deal with failure when this happens? Is some kind of people more successful at dealing with failure than some other kind of people? Does dealing with failure leads to anything positive?
There are much kind of people in these world- optimists, pessimists, impatient, determined and dedicated, stubborn and obstinate etc. The way a person deals with his failure depends largely on the kind of person that they are. For instance, an optimist will see something good in his failure and make it to be his stepping stone to success. 
On the contrary, a pessimist will essentially become more wary and stop taking risks all together. An impatient man will cry and whine for a while and then either, simply give up or get back on his feet soon again and give the whole thing another try. Likewise, a stubborn and obstinate man will deny the mistake that he made and perhaps, blame someone else for his own failure. 
A determined and dedicated man might take some time to deal with his failure but when they bounce back, they come back with a firm mind to achieve success. The truth of the matter is that each person has a different way of dealing with their failure. However, the question that needs to be asked is- Is there any best way of management of failure? 
Though every person’s interpretation of management of failure remains different, there are certain things that a person can do to manage failure or deal with it in a much better way. The first thing to do when one fails is to look back in retrospect and analyze the point where one went wrong. This is important to ensure that the mistake that the person made in the past, stays in the past and does not get repeated again ever in the present or the future. 
Once a person knows where they went wrong, it is also important to embrace the mistake that they made. Until and unless, a person accepts that they actually made mistakes, they can never find any room for correction or betterment. Lastly, one should always remember the statement that Henry Ford, one of the greatest businessmen of our times made, “Failure is simply the opportunity to begin again, this time more intelligently.” Often, failure creates a kind of dread in the minds of people which pulls them back from endeavoring or aspiring high.
The biggest task in the management of failure is to not to let this dread or skepticism rule our minds. If a person is not able to submerse the doubt in one’s capabilities that often arises out of failure, the chances are that the failure will have a more deepening effect on the person. The only way to manage failure is to make further attempts. Giving up or choosing to never take the plunge won’t serve any good purpose instead will only provide prominence to the depressing effects of failure. 
Thomas Edison, one the greatest inventors of our times, the man who created the electric bulb, phonograph and the motion picture cinema, had to often deal with failure while making his inventions. The only thing that kept him going was his willingness to achieve, his faith in self and the determination that never allowed him to give up. Thomas Edison, when questioned about the failures he experienced while on his way to success, said,” I have not failed. I have learned 9,999 ways that won’t work.” 
The life of this great man tells us that our ability to manage the failure depends very largely on the way we choose to look at things and the perspective that we create. The truth is that the failure as well as the success is more in the mind than they are in reality. To be able to manage failure or for that matter, even success, what a person needs to manage first is his own mind. 
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