Harvard Business Review Blog

The most recent issue of Harvard Business Review on the management of failure reminds me of some important business lessons I learned long ago from one of my older brothers. A successful furniture designer and craftsman, he lost his entire business in a fire: then slowly rebuilt an even stronger one. Some of those same lessons surfaced again as I shared my own stories of failure and success on a recent long haul flight with a fellow entrepreneur. That conversation memorably began with my counterpart tossing back a scotch and soda then saying to me, “I remember when I lost my first million…”

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About the Author Maurice Ewing, PhD

I help companies develop, implement, utilize and oversee analytical tools that help managers make risky decisions (i.e., risk-based decision analytics). For example, I have helped companies score and rate their customers, suppliers, borrowers and even their own employees' performance. Prior to founding RiskKnowledge (previously, "Conquer Risk/EMRA"), I taught Executive MBAs for several years at Kellogg-HKUST and prior to this worked on Wall Street. I am also an adjunct Professor of Executive Education at CIIM, a Harvard Business Review blogger and a contributor to FinanceAsia, Risk Professional and The Wall Street Journal. My PhD and MA are in economics from Princeton and my double-BA is in economics and mathematics from Northwestern. I am also a chartered FRM holder from the Global Association of Risk Professionals.

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