New Delhi, March 29 -- Bill Gates is known for many things-from building the software cornerstone of today's tech-driven world to his sweeping philanthropic pursuits-but at his core, he is a visionary business leader who understands that progress rarely comes in a straight line.

While the Microsoft co-founder built one of the most successful tech empires in history, his perspective on the critical importance of analyzing our missteps provides an important blueprint for lasting growth in our fast changing world.

"It's fine to celebrate success, but it is more important to heed the lessons of failure."

In the super-competitive arena of modern business and technology, the narrative is often skewed towards big successes, from unicorn valua...