Date Added: Jul 2010
There is no better way to learn how to succeed in business than to learn from mistakes - yours or someone else's. One of the reasons Virgin's enterprises have been successful over the years is that they empower the staff to make mistakes - and then learn from them. Since our management structure is very decentralized, our teams are challenged to run the businesses as if they were the owners. When things do go wrong, the team members feel such ownership of the enterprise that they usually roll up their sleeves and turn it around.