Today's leaders must involve teams to set objectives, promote transparency and foster accountability as they make changes and monitor business outcomes.
Experience is the best teacher. Early business ventures build children's capacity to balance risks, overcome challenges as they work toward goals and cope with the disappointment of failure.
Setbacks are part of life. Treating them as steps on your way to success will help you get the most out of these painful -- but valuable -- learning experiences.
One of the toughest balances to achieve within an organization is between building a culture that gives people space while maintaining an environment of accountability.