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Branson/failure a contradiction in terms: DTI

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30th Mar 2005
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AccountingWEB received a press release from the DTI yesterday stating that "managers are inspired by Richard Branson but believe in learning by mistakes," intimating perhaps that the two are mutually exclusive and that Saint Richard's career is blessedly free from flaws.

Doubtless Virgin Rail passengers will have something to say on the issue.

The press release appeared to be alerting the nation's businesspeople to recent findings that suggest that not making mistakes in business has the edge over repeatedly screwing things up, with the Department of Trade and Industry's 'Best Practice Champion' Andy Poulton claiming,

"While learning from mistakes can be a useful experience this can be a lengthy process and create wastage of both time and resources. We want to encourage businesses to see what works at other organisations and urge managers to try and learn from examples of management best practice to increase productivity and avoid making unnecessary mistakes."

Admittedly, the Branson mention lent the press release a smidgin of celebrity cachet. Runner-up "inspirational managers" mentioned were Anita Roddick, Phillip Green, and Sven-Goran Eriksson.

Other stop-press findings: Over 3 in 5 (63%) said that work colleagues have the most guiding influence on their management style. In addition, nearly one in 5 (17%) of managers said they were influenced by their fathers
compared to only one in 10 (9%) inspired by their mothers in business, "a similar figure to those influenced by a school teacher or college tutor."

More inspirational statistics available at:

target="_blank">www.startups.co.uk

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