“Out of Failure Springs Innovation”

Shannon Beeman
April 7, 2014

Stewart Thornhill, executive director of the Zell Lurie Institute of Entrepreneurial Studies, reported for the Financial Times on the most important business school takeaway for entrepreneurs–failure. In the article, Thornhill explains that an entrepreneur should be able to view failed projects as learning experiences that add value to their overall growth as business moguls. Using examples such as his experiences attending entrepreneurial competitions and Thomas Edison’s failed attempts at creating the light bulb, Thornhill emphasizes that failure is a part of the startup process. Thornhill concludes by stating that the Zell Lurie Institute embraces failure and the idea of change as it wants to encourage MBAs to take the risk of starting businesses.

To read the full article by Thornhill, click here.