While reading a Slashdot discussion today, I stumbled upon an article in The Economist called Lessons from Apple. Here is (according to me) the most important paragraph:
“The fourth lesson from Apple is to fail wisely. The Macintosh was born from the wreckage of the Lisa, an earlier product that flopped; the iPhone is a response to the failure of Apple’s original music phone, produced in conjunction with Motorola. Both times, Apple learned from its mistakes and tried again. Its recent [operating system Mac OS X] have been based on technology developed at NeXT, a company Mr Jobs set up in the 1980s that appeared to have failed and was then acquired by Apple. The wider lesson is not to stigmatize failure but to tolerate it and learn from it: Europe’s inability to create a rival to Silicon Valley owes much to its tougher bankruptcy laws.”
My impression (and I can be wrong of course) is that entrepreneurship is revered in North America. So many young and bright people fresh from university have revolutionized the world we are living in. And some of them have succeeded after some very public failures (including a chronic incapability to graduate).
As the article points out, this does not generally happen in Europe. And, unfortunately, neither here in Mauritius…