Schumpeter references the April Harvard Business Review in this piece on the value of failure — as long as lessons are learned. Our success culture is discussed, with authors Tom Peters, Stephen Covey, and Malcolm Gladwell highlighted. Acknowledging failure, though, is an important step in business success. Executives at Ford Motor Company are used as an example of improvement following ownership of real issues.
http://www.economist.com/node/18557776?fsrc=nlw|mgt|04-20-11|management_thinking