Learning to Fail
The American Business School Paris
Area of Study
Business, Business Administration, Business Management
Taught In English
MGMT110 - Introduction to Management
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
“Success is going from failure to failure without loss of enthusiasm”, Winston Churchill.
Most people spend their lives afraid of failing. Yet, many of the world’s most successful people failed numerous times on their paths toward success. There is an emerging trend in business today to talk openly about failure and how to learn from it. However, there are immense cultural barriers that prevent people from benefitting from the failures they experience. In this class, students will experiment with failure and will learn how to challenge their cultural assumptions to open their minds and develop their skills as innovators and entrepreneurs.
This course challenges students to go on a personal journey of discovery and to examine how to learn from failure, in a positive way. Students will examine different cultures to see how failure is addressedin society and in business, and will analyze business cases where failure was the outcome.
EXPECTED LEARNING OUTCOMES:
Upon completion of this course students should be able to:
-Have an open mind about the experience and benefits of failure
-Work on changes to their personal reactions to failure
-Understand different cultural barriers that affect reactions to failure
-Analyze strategies of failed companies to identify key learnings
-Develop skills as innovators and entrepreneurs