Laurence G. Weinzimmer, PhD, Caterpillar Inc. Professor of Management at Bradley University, Peoria, Illinois, and an adviser to numerous Fortune 500 companies, including General Motors, Goodyear, 3M and Caterpillar. He is coauthor of The Wisdom of Failure: How to Learn the Tough Leadership Lessons Without Paying the Price (Jossey-Bass). www.TheWisdomOfFailure.com
Stories of business failure and mistakes often are swept under the rug. Colleagues and bosses generally don’t like to tell…