MGT3120TAWIL

Key to Success after Failure

Panel 8

Alvarez O. Ivette

Azor, Yasmine

Chen, Garvin

Gaitskhoki, Olga

Kandora, Douglas

Li, Ellen

Seo, Young (Susan)

Wojdat, Jan

Zhu, Feng

Guest Speakers

Richard  Eisner, CPA

Joseph Haddock, CFA Manager at Bloomberg

Mark Kaplan, RAPP representative, Sr. Digital Strategist

Michael, Hickey,Manager at Starbucks

Opening Statement by Doug

-General Introduction

-Gracious Thanks

-Ice breaker (story how Doug played offensive lineman in Football during his High School Career. One game, the opposing player kept pushing Doug back farther and farther, but Doug would give it his all every play. Then eventually the opposing player started laughing at his attempts to stop him. Doug failed. So what did he do? The next play he found a way to win, he put his head down and hit the other player straight in the ‘bread basket’ which knocked him down. Doug was successful)

-Introduction of Speakers

-Format of panel (Questions will be projected and we will ask one at a time to the panel members for answers)

The opening statement was improvised; no physical written document was created.

Panel Questions:

1. What was your definition of success starting your career?

2. What was your biggest asset starting your career?

3. Name a failure you’ve had and the most important lesson you took away from that failure.

4. How did you/do you cope with failure and/or pressures/stress from work?

5. What is your biggest asset today?

6. What is your definition of success?

7. What is one piece of advice you wish to give young people starting off their careers?

Bonus question- Tell us a funny moment that involved you and failure.

Key Points of the Panel

• Find something you love to do, something that goes with who you are and keep going at it.
• Take a chance and go where the opportunities are.
• In business stress and failure are different,  stress is personal, while failure affects other people’s lives.
• Keep an eye on the bigger picture, understand who you are and match your assets with the company
• “Comfort is an enemy of progress”
• After failure, step back and take a lesson- “fail forward”
• Learn how to think and how to apply what you learn.
• Know who you are: strengths and weaknesses.
• If you fail, build up, retrench, and try again.
• Make the best of failure by learning from your mistake. Take a step back and see what went wrong from a holistic perspective
• If something did not work out as planned, apologize and make a better model. Go back and say we made these changes. And do not blame.
• Do not be afraid of failure. You should not be worried.

Closing Statement by: Ivette

Again, we would like to thank our panelists for taking time out of their busy schedules to be here with us today. I would like to sum up what was discussed today into three short and clear points.

1. In previous panels, we have established a long list of C’s, but now we would like to integrate the P’s, but not the Marketing P’s, but two words that were mentioned today a lot: Passion and Patience. You need to find something that you love and you know will motivate you to go to work every day. Also, it will give you that steadiness to remain at peace with yourself and with others.

2. Never Give Up!- There will be many times where you will want to stop and quit what you are doing. Always remember that you should believe in what you do, just keep trying and push on through. You eventually will make it work and be successful.

3.  Take a Risk!- In order to get experience, we should take risks because from these risks, we learn and take away something that will help us grow.

Lastly, before you go, I would like to reiterate what Mark Kaplan said “Perspective is the root of Perception,” so take that with you, think about what it means and how to apply it to your life.

Thank you for coming today!