In his book, Jack: Straight from the Gut, Jack Welch freely admits he made many hiring mistakes in his early years. He made a lot of decisions from instinct. But when he was wrong, he’d say, “It’s my fault.” He’d ask himself why he was wrong, he’d listen to other people, he’d get more data, and he’d figure it out. And he just kept getting better and better. He also recognized that it’s not useful to beat other people up when they make mistakes. To the contrary, that’s the time to coach them, encourage them, and help them regain their self-confidence.
