Making Mistakes: Rebound, Recover & Learn from Them

Growing up, we're given mixed messages about mistakes. Making them is necessary to learn, we're told, but we ought to avoid them anyway. As The New York Times reported last November, children are taught that great inventors like Thomas Edison embraced mistakes, but good grades in school are a reward for doing things right, and wrong answers can invite ridicule from classmates.

As we age, many of us invest heavily in being right. When things go wrong, we flagellate ourselves, blame others or try to cover it up. We're usually not interested in learning from experiences.

According to Dan Meyerson, senior vice president of leadership and development, Bank of America, "I always say, 'Bask in the glory of your mistake.' In other words, be comfortable with it and show others you can come back even stronger after making a mistake. It's important to show that it won't affect your self-esteem."

"If businesspeople are not making a certain number of mistakes, they're playing it too safe," explains Paul J.H. Shoemaker, marketing professor at the University of Pennsylvania's Wharton School. "There needs to be more of a focus on processes versus outcomes."

Four Steps for Recovering from Mistakes

1. Process the mistake.
2. Own the mistake in its entirety.
3. Show remorse.
4. Plan how you will ensure that the same mistake doesn't happen again.