Dawn Dugan specializes in writing books, articles, white papers, reports and special communications for the human resources industry. She is the co-author of Effective Executive Compensation, which was published by AMACOM in 2008. Read more...
Most people who have succeeded know that failure is an integral part of success. As a matter of fact, the CEO of Coca Cola not only kept the executive who came up with the concept of New Coke, a product that horribly and very publicly bombed, he actually gave him more responsibility.
The CEO knew he was lucky to have someone who had failed to this degree, because he had also learned in equal measure.
Be accountable for your failures, clean them up to the best of your ability, and then use what you learned the next time you take a risk.