Mistakes Build Character

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There are many statistics about failure or inadequate success experienced by executives in new leadership positions. The estimates of outright failure in their first 18 months range from 38 percent to 50 percent. Even after those initial months, leaders will still make errors, they will still face failures. In fact, the effective leader will have even more failures. All great leaders failed during their lives and careers. This essay discusses this issue in relation to leadership. It reports the value of failures, how transformational leaders handle failure, best practices for leaders to adopt after failures, and the writer's opinion on whether or not failure is necessary in life and career. There are eight sources used in this five page paper.