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Showing posts from October, 2008

"A Leader Should Know How to Manage Failure"

  "A Leader Should Know How to Manage Failure" (Former President of India APJ Abdul Kalam at Wharton India Economic forum , Philadelphia , March 22,2008) Question : Could you give an example, from your own experience, of how leaders should manage failure? Kalam : Let me tell you about my experience. In 1973 I became the project director of India 's satellite launch vehicle program, commonly called the SLV-3. Our goal was to put India 's "Rohini" satellite into orbit by 1980. I was given funds and human resources -- but was told clearly that by 1980 we had to launch the satellite into space. Thousands of people worked together in scientific and technical teams towards that goal. By 1979 -- I think the month was August -- we thought we were ready. As the project director, I went to the control center for the launch. At four minutes before the satellite launch, the computer began to go through the checklist of items that needed to b...