Have you ever lost an entire afternoon diving into an incredible book? Despite the numerous decades that have passed since the publication of countless works of classic literature, people still manage to lose themselves in the words. They imagine themselves as a part of the plot– trying to understand the characters and their motivations. They cheer for their favorite hero or heroine while cringing every time when that famed nemesis appears.
Accidents and mistakes have given us many advantages that otherwise might have never come about. In fact, experimental accidents have been responsible for many of our scientific and medical advances over the past few centuries. The business world has also learned to take mistakes and failures to heart as learning experiences rather than obstacles. Our mistakes can be viewed as stepping stones to future successes. Here are a few examples to prove it:
Imagine for a moment you’re the new kid at school. You arrive on the first day and take a few deep breaths before entering. Around you, kids are happily chatting and comparing notes from their summer breaks. From the rockers to the geeks, each and every group seeks to have a strong representation at the school. Each social group seems to have established its own social hierarchy, and everyone knows exactly where they fit and what role they play within the school community.
Imagine three friends walk into the local grocery store. They’re roommates in a nearby apartment building and are planning a fun get-together with their friends that night. The friends split up, each with a separate shopping list, and plan to meet up at the cash registers in half an hour.
The Great Gatsby is considered an American classic. Its recent film adaptation starring Leonardo DiCaprio has only increased its popularity. Few students in North America made it through high school without reading the book, and the film only helped to bring the images of decadence to life.
What these major corporations can teach businesses of all sizes
There are two ways you could look at the fate of Blockbuster and similar companies. You could either worry yourself sick about your own place within your industry — or take action and learn from the mistakes these companies made. If you look closely at what happened to these corporations, it’s easy to see the importance of market research, innovation, and finding ways to make life easier for your customers.