One of the biggest gray areas is how to talk about personal failures such as low marks, lack of extra curricular activities in a manner that shows that you are still as capable as the guy/gal with high marks and extra curricular activities to be proud of. Here are 3 methods to speak about such matters professionally.
1.) Accept it was your fault: OK so you fell sick before the exam days, do not pin the blame on others. Understand that the interview panel does understand that mistakes and mis-happenings are possible, but what they are not willing to accept is someone who looks to play the blame game. Such behavior is not acceptable in the corporate world, and definitely not in the IIM's.
2.) Remedial action: The Personal Interview panel is more concerned what remedial actions you took rather than what the cause of your failures. Talk about what remedies you took immediately after that. Did you attend some advanced course relating to that subject and score better in that$%:
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3.) Persistence to succeed: Maybe your quota of bad luck exceeded others, but did you persist to exceed. This is actually the key criteria. If you can prove what you have done inspite of many failures to reach this position may impress them. To give you a supporting point I will give you an example of a relatively unsuccessful marketer of restaurant equipment, he didn't sell his first hamburger until age 52. At a time when many people prepare for retirement, Ray Kroc built McDonald's from a handful of hamburger stands into the world's largest food chain.
So you see its not that you can't fail, but what you did to prevent the same mistakes from happening again that counts. In corporate roles failures are inevitable, its how you recuperate is what defines the real winning companies and management. Think carefully and write down the steps that you have taken for self-improvement in the manner stated above and you may be actually selected because you had failures in life and learnt from it in a responsible way.
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