5 Steps to Learn from your Mistakes

Decision-making and Valuation > Best Practices > 5 Steps to Learn from your Mistakes

5 Steps to Learn from your Mistakes
Anneke Zwart, Student (University), Netherlands, Moderator
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:
    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.
    What other path would have lead to a better outcome?
    ...Sign up

5 Steps to Learn from Your Mistakes
Abid Bilal, Manager, Pakistan, Member
In my opinion, the above elaboration is purely based on the theoretical aspects. In practice, sometimes the decision is correct, but the outer forces ...Sign up

How to Learn from Mistakes
Jaap de Jonge, Editor, Netherlands
Thanks Anneke for contributing this excellent summary of Roese's setback analysis method.
At first Roese's 5 Steps may seem a bit complex ...Sign up

How to Learn from Personal Mistakes
Eugene Laslo, Consultant, Hungary, Member
According to Scott Berkun, learning from your mistakes first requires 3 things:
1. Putting yourself in situations where you can make interesting ...Sign up

Learning as a Return on Failure
Gandhi Heryanto, Management Consultant, Indonesia, Premium Member
See also the interesting article about Return on Failure (ROF) of Innovations ...Sign up

Lessons Learned
nan zeng, Project Manager, China, Member
@Abid Bilal: No victim. No matter how difficult the outer forces look like, the decision maker or executive team ha...Sign up

Learning from Mistakes and Avoiding Mistakes
Victor Manuel Meneses Torres, Consultant, Mexico, Member
I would like to add another question to ask. Since if we don´t know enough about the subject, we are closer to commit mistakes and get bad outcomes.Sign up

What Should we Learn to Avoid Mistakes?
Jaap de Jonge, Editor, Netherlands
@Victor Manuel Meneses Torres: I like your additional question a lot as it specifically points to (lack of) learnin...Sign up

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