5 Steps to Learn from your Mistakes

Decision-making and Valuation


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Decision-making and Valuation > Best Practices

Anneke Zwart, Student (University), Netherlands
We all know that making mistakes is needed to learn from them, in order to do things better in the future. Indeed, people are often told to learn from mistakes, to maximize return on failure. But how exactly should we deal with moments of failure? Roese (2016) developed a mental protocol based on counterfactual thinking with 5 steps that one can use in such setback situations. It is a set of short, but structured questions you need to ask (yourself) to recover and learn from setbacks:
  1. UPWARD COUNTERFACTUAL In what way could the outcome be different in a positive way? It is important to focus on your own actions and the way those actions change in order to positively change the outcome.
  2. UPWARD COUNTERFACTUAL PART 2 What other path would have lead to a better outcome? The reason why two alternative paths need to be envisaged has to do with the prevention of : the tendency to start seeing the event as having been predictable all along (without (...) Read more? Sign up for free

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  Abid Bilal, Manager, Pakistan

5 Steps to Learn from Your Mistakes

In my opinion, the above elaboration is purely bas (...)

  Jaap de Jonge, Editor, Netherlands

How to Learn from Mistakes

Thanks Anneke for contributing this excellent summ (...)

  Eugene Laslo, Consultant, Hungary

How to Learn from Personal Mistakes

According to Scott Berkun, learning from your mist (...)

  Gandhi Heryanto, Management Consultant, Indonesia

Learning as a Return on Failure

See also the interesting article about (ROF) of I (...)

  nan zeng, Project Manager, China

Lessons Learned

@: No victim. No matter how difficult the outer fo (...)

  Victor Manuel Meneses Torres, Consultant, Mexico

Learning from Mistakes and Avoiding Mistakes

I would like to add another question to ask. Since (...)

  Jaap de Jonge, Editor, Netherlands

What Should we Learn to Avoid Mistakes?

@: I like your additional question a lot as it spe (...)

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Decision-making and Valuation


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