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Failure: The Blog  

August 2018

  • When This Executive Was Fired, He Took Charge
  • Obeying The Speed Limit Has Never Been More Fun
  • London Black Cabs Helped Uber Grow
  • Bette Graham Created A Product To Fix Her Mistakes
  • Flamin' Hot Cheetos Had An Interesting Start

July 2018

  • Fear This Instead Of Failure
  • Re-Releasing Songs Created Success
  • A CEO's Purposeful Mistake
  • The Tardy Student And The Unsolvable Problem
  • Fixing Potholes Through Graffiti

June 2018

  • A Surprising Mistake In The Oxford English Dictionary
  • US Army Embraces Mistakes
  • Blocking A Hymn
  • Eddie Shore Was Truly A Tough Guy
  • [Video] Elon Musk Didn't "Pivot" He Failed

May 2018

  • 8 Examples of Mental Toughness Part 2
  • Necessity Turned Accessory: Allen Iverson's Sleeve
  • This Doctor Has Continued To Fail
  • 8 Examples of Mental Toughness
  • MIT Accidentally Creates New Smelting Process

April 2018

  • Johnny Cash Quit Singing Lessons
  • Cruise Control Came Out of Frustration
  • Time Spent Gaming Pays Off In The Navy
  • Rock Around The Clock Was a Commercial Failure
  • Sigmund Freud Should Have Been Discouraged

March 2018

  • Superman Couldn't Fly
  • This School Shares Failures
  • Jim Croce's Parents Hoped He Would Fail

[More archives...]

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Failure to Disclose

June 18th, 2010 - by Robby Slaughter

If you want to confuse someone’s ethical compass, ask them about lies of omission. Is it wrong to not disclose everything?

It’s pretty obvious that you’re supposed to let people know about information that is relevant. If you’re selling the family car, you ought to mention that the transmission is sticking rather than let the buyer figure it out.

But what if the buyer is a dealership and they will have a mechanic look at the car? Are you still ethically obligated to list all the known problems, or should you let the real expert make his or her own list?

Mechanic failure
Photo © Flickr User torbakhopper

What about the one time you weren’t paying attention and accidentally put about a 1/4 gallon of diesel fuel into the tank? Sure, you let it evaporate off, but are you required to list this boneheaded mistake years later?

We will fail to disclose everything in a business transaction. The secret lies in keeping just the right amount of information from the buyer. That might sound backward, but nobody really needs to know everything. You have to make a judgement call about what you would want to know, and be truthful in the areas that are relevant.

Still, you have failed to tell the whole truth. Learn more in the book!

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