Alan Quasha Finance

Restructuring companies in the competitive marketplace

Mistakes That Work – Message from Alan Quasha

Posted By on July 26, 2010

In an article in 2007 for Forbes.com, Alan Quasha shares his experience and understanding of how to use mistakes to your advantage in the business world.  As founder, president and CEO of Quadrant Management, Alan Quasha brings his own experience and expertise to the article.

As Quasha writes,

“As a society, however, we are trained from our earliest days to be afraid of mistakes. We learn to react to mistakes with anger–outrage, on one hand, and fear on the other. We operate in a system in which we’re rewarded for not making mistakes and punished when we do make them. Rather than make or admit mistakes, we tend to either be risk-averse or try to cover them up.

What’s missing from this equation is growth and integrity. To learn from mistakes, we have to admit them early. To avoid big mistakes, we have to acknowledge at the outset that they are a possibility. Appropriately so, risk managers are increasingly becoming top firm managers–and firms with greater risk management controls set themselves apart from those that don’t.”


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