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CEO's Library: The 1% Bookshelf

Decoding Failure: How the Right Kind of Wrong Fuels Success

13 Jun 2025

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View the full transcript and accompanying visualizations at ceoslibrary.com.🚀 Unlock the hidden superpower shared by the world's most innovative teams and resilient leaders: mastering failure. Most executives *know* failure happens, but are you harnessing its full potential? Or is fear and confusion holding you back? 🤔 This episode of CEO's Library dives deep into Amy Edmondson's game-changing book, *Right Kind of Wrong*. Discover the surprising psychology behind *why* we struggle to learn from setbacks (hint: it involves negativity bias and loss aversion we're hardwired for!). Learn the crucial difference between "good" intelligent failures that spark breakthroughs 💡 and "bad" basic or complex failures that derail progress. We'll equip you with a powerful framework to instantly categorize *any* failure and extract maximum learning. Plus, uncover actionable strategies rooted in psychological safety to build a culture where risks are smart, mistakes are manageable, and your team thrives on turning missteps into momentum. Stop letting failure be a dead end – learn how to make it your ultimate strategic advantage. Tune in and transform your relationship with wrong! 🧠✨

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