Nobody wants to fail, but failure is a fact of life. From The Other F Word by John Danner & Mark Coopersmith. Put failure to work today: http://bit.ly/otherFwordBook

1. SOURCES:
1.
Pamela Engel, “Small Business Owners Don’t Fear the Devastatingly High Failure Rate,” Business Insider,
June 5, 2013, http://www .businessinsider.com/small-business-owners-are-optimistic-2013-6.
2.
Deborah Gage, “The Venture Capital Secret: 3 out of 4 Start-Ups Fail,” Wall Street Journal, September 20,
2012, http://online.wsj.com/news/ articles/SB10000872396390443720204578004980476429190?
mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB100008723963904437
20204578004980476429190.html.
3.
Ray B. Williams, “Why Every CEO Needs a Coach,” Psychology Today, August 13, 2012,
http://www.psychologytoday.com/blog/wiredsuccess/201208/why-every-ceo-needs-coach.
4.
Laurie Burkitt, “Brand Flops: Ford, GE, Coca-Cola Know Hype Can Hurt New Products,” Forbes, March 31,
2010, http://www.forbes.com/2010/03/31/brand-flops-apple-ford-pepsi-coors-cmo-network-brandfail.html.
5.
Timothy J. Galpin and Mark Herndon, The Complete Guide to Mergers & Acquisitions (San Francisco:
Jossey-Bass, 2007).
6.
Andrew Greenberg, “Hiring for Attitude: Why 81% of New Hires Will Fail,” Recruiting Division,
April 23, 2014, http://www.recruitingdivision.com/why-new-hires-fail/.
7.
Gallup, Inc., The State of the American Workplace (Washington, DC:Gallup, Inc., 2013).
8.
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smartinsights.com/internetadvertising/internet-advertising-analytics/display-advertising-clickthroughrates/.
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http://www.businessweek.com/stories/2005-11-09/avoiding-theinventors-lament.
10.
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http://www.zdnet.com/blog/projectfailures/study- 68-percent-of-it-projects-fail/1175.
11.
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standish_group_chaos_summary_2009_pdf (accessed November 6, 2014).
happens. A lot.FAILUREFAILURE
The Other “F” Word
http://bit.ly/otherFwordBook
Nobody wants to fail, but failure is a fact of life. It can
also be a game-changing strategic resource to help you and
your organization achieve the greater success you’re after.
Put FAILURE to work!
How well do you put failure to work driving
innovation, growth and employee engagement?
The Other F Word shows you how!
NEW CEOS
2 out of 5
fail to last 18 months
Nearly 1⁄3 of Fortune 500 CEOs
will be gone before their fourth
anniversary on the job3
VENTURE CAPITAL–BACKED STARTUPS
75%fail to earn back even
their invested capital
More than 95% fail to
meet investor expectations2
STARTUPS
50-70%of ALL new
businesses in the
U.S. fail within the
first 18 months1
NEW PRODUCTS
As many as
95%of new products
introduced each year fail
(Including those with enormous research and marketing muscle behind them)4
NEW HIRES
81%of new hires
don’t work out
(As reported after a recent
three-year study among
5,000 hiring managers
of major firms)6
MERGERS AND ACQUISITIONS
70-90%of mergers and acquisitions
fail to add to shareholder value
or meet their objectives5
PATENTS
Less than 99%
of U.S.-approved patents fail
to earn a cent for their inventors
Of 1.5 million patents in effect, only 3,000 of
them are being used for something commercially
viable (if they’re being used at all)9
IT PROJECTS
An estimated
68%of major IT projects
fail to meet their goals10,11
SALES
Most sales calls are failures…
as are most advertising impressions on TV, the web, or in print
Internet ads get clicked only about one time for every 1,000 views7,8