New Delhi, March 31 -- Lakshmi Mittal, executive chairman of ArcelorMittal, has built a career that spans continents. From reviving distressed steel plants to leading a landmark merger, his journey is one of resilience and risk‑taking. At the heart of his philosophy lies a striking view on entrepreneurship.

Quote of the Day, 31 March: "Entrepreneurship is about being able to face failure, manage failure and succeed after failing," Lakshmi Mittal

Mittal's words stand out because they do not mention vision, innovation or disruption, the usual themes in entrepreneurial talk. Instead, he places failure at the centre of the journey.

He breaks it down into three parts.

Together, he says, these form a system for resilience. It is not r...