5 Steps to Learn from your Mistakes

Decision-making and Valuation

 

Next Topic

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

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


  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 (...)

 
More on Decision-making and Valuation
Forum
15 Obstacles to Making Decisions
The Role of AI in Strategic Decision-making
🔥The Role of Good Judgment in Decision Making
Best Practices
🥇Gut Feeling / Intuition in Decision-making
🥈Looking for old values video
🥉Decision-making According to Peter Drucker
The Role of Optimism in Decision-Making
Decision-making Reviews?
Why a Leader Must Make Informed Decisions
Decision Making Process not Only for Managers
5 Steps to Learn from your Mistakes
Individual vs Organizational DM
Improving the Decision-making by Managers: Choice Architecture
Conscious and Unconscious Decision-making
Decision Making and Economics
The Role of Opinions in Decision-making
Avoid 3 Common Decision-traps
Being Afraid of Making Decisions
How to Choose the Appropriate Decision-making Method
What Makes a Manager Into a Good Decision-maker? 10 Traits for Decision Making
Making no Decision at All
Avoid Hasty Decision-making
What is Institutional Theory?
Apps for Decision-making
Reasoning in Decision Making
The Role of Religion in Decision Making
Differences in Decision-making in Nonprofit Organizations in Developed and Developing Countries
Making Selfless Decisions

Decision-making and Valuation

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.6 - Last updated: 26-9-2020. All names of their owners.