Most executives shudder at the word failure and try to avoid thinking about it. No wonder there are thousands of books about successful companies but More

Most executives shudder at the word failure and try to avoid thinking about it. No wonder there are thousands of books about successful companies but virtually none about the lessons to be learned from those that crash and burn. Paul Carroll and Chunka Mui think theres enormous value in learning from companies that lost millions (if not billions) in pursuit of strategies that led to spectacular flameouts. Everyone makes mistakes, but why make the same mistakes over and over? The authors studied the most significant failures of the last twenty-five years: 750 bankruptcies, major writeoffs, and discontinued operations. They found that the #1 cause of failure was misguided strategy not sloppy execution, lack of leadership, or bad luck.
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US Secretary of State Hillary Clinton has commended the 'Commission on Lessons Learnt and Reconciliation' which Presient Rajapaksa has More

US Secretary of State Hillary Clinton has commended the 'Commission on Lessons Learnt and Reconciliation' which Presient Rajapaksa has appointed. Mrs. Hillary said the Commission is a promising opportunity to move forward. She made these observations during a meeting with External Affairs Minster Prof. GL Peiris. Discusions centred on Sri Lanka's progress after the successful completion of the conflict against the LTTE. She said the US is very supportive of the approach made by Sri Lanka. The US will continue to work with the country and observe this Commission. The Secretary of State noted that United State has long been a friend of Sri Lanka. Both countries share a history of democratic institutions. The US Aid programme has so far invested more than 1.9 Billion Dollars in Sri Lanka. The United States strongly supported political and ethnic reconciliation in Sri Lanka. The US Secretary of State was optimistic that Sri Lanka would remain a strong, united country by drawing on the strength of all of its citizens, valuing the diversity of its people, and ensuring equal rights for everyone. Minister GL Peiris said it's a time of great promise and hope for Sri Lanka. Terrorism has been eradicated and there is unprecedented political stability in the country. He stressed that tremendous progress has been made by the government during the short space of one year.
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