Since becoming Chief Minister, Allan Bell has regularly stated that government must be prepared to take risks. This sentiment has also been supported by Minister for Policy and Reform, John Shimmin and DED Minister, Laurence Skelly. In preparing the ground for the adoption of a £50 million Economic Development package, all three warned that there could well be some failures within the various projects supported under the scheme.
The converse of this argument is for those in power also need to recognise when they have goofed and what's more to learn from the experience.
Times columnist Mathew Syed succinctly makes the case for a positive attitude to failure in the "Soap Box" feature on BBC 2's Daily Politicson 28.10.15: