What is the right way to learn from failure in business?
Answer and explanation
Correct answer: कारणों का विश्लेषण करके सुधार करना
A useful response to failure is to examine evidence, identify the causes, separate controllable from uncontrollable factors and change the product, process or plan where needed. This turns a setback into learning. Quitting immediately, blaming customers or hiding mistakes prevents honest diagnosis and may allow the same problem to occur again.
Frequently asked questions
What is the correct answer to this question?
कारणों का विश्लेषण करके सुधार करना
Why is this the correct answer?
A useful response to failure is to examine evidence, identify the causes, separate controllable from uncontrollable factors and change the product, process or plan where needed. This turns a setback into learning. Quitting immediately, blaming customers or hiding mistakes prevents honest diagnosis and may allow the same problem to occur again.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
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