Commitment and Performance: Make Your Failures Pay Off for You!

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Pearson Education, Oct 12, 2009 - Business & Economics - 10 pages

This Element is an excerpt from From Lemons to Lemonade: Squeeze Every Last Drop of Success Out of Your Mistakes (ISBN: 9780131362734) by Dean A. Shepherd. Available in print and digital formats.

When to pack it in! How to identify projects that are “destined to fail” no matter what you do--and move on to better opportunities and greener pastures!

With great determination, we persist in the face of obstacles and often can work our way through the tough times and ultimately achieve success. But for terminal projects--those destined to fail--determination and persistence can become a financial liability. We delay the inevitable, and this delay is costly....


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About the author (2009)

Dean A. Shepherd is Randall L. Tobias Chair in Entrepreneurial Leadership and Professor of Entrepreneurship at the Kelley School of Business, Indiana University. Shepherd investigates the decision making involved in leveraging cognitive and other resources to act on entrepreneurial opportunities. He also researches the processes of learning from experimentation and failure to achieve higher individual and organizational performance. He has authored or edited eight research books on entrepreneurship and strategy. His most recent book is From Lemons to Lemonade.

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