Standalone is about the individuality whereas consolidation is about the group. Whenever you read about big companies you will come across 2 sets of data points. One is standalone and other one is consolidated. The data related to standalone is only for the parent company. For instance, company ABC has many subsidiaries all over the world. The parent company is based out of India. When we will be analyzing the standalone figures of the company we will be only talking about the financial health of the parent company whereas the consolidated figures will talk about the overall picture of the company, how the overseas subsidiaries are doing.
Analyzing the consolidated data points help us understand the emerging sectors in the company which will be the future cash cow for the company. It also helps us understand the sectors which aren’t performing well or the areas where company doesn’t have the upper hand.
Similarly when it comes to life just looking at the individual strength doesn’t help, the way just looking at the parent company doesn’t tell us true picture. Everything comes in whole package.
There are numerous people behind the success of the individual though we are generally aware of the individuals success only. Moreover, we assume that the person got the success quickly. We rarely observe the past at how many things the person failed. The more you rise, the more you are required to fail. If you aren’t failing, you aren’t executing new stuff. Without the execution of new stuff, one will lag behind in this digital world.
If the size of your failures isn’t growing, you’re not going to be inventing at a size that can actually move the needle.
Jeff Bezos, CEO of Amazon, shared the above in one of his shareholder’s letter.
One success can cover up all the multibillion-dollar failure. Not taking the opportunity to fail is the real regret toward the death bed for most of the people.
Igniting Curiosity.. 
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