"Embracing failure widens one's vision impacting further; either can it be a great success or a learning failure" - Kabir Khanuja
As per me, embracing failure conveys the fact that you accepted your failure, you accepted that you've lost and it's your reality, it's your truth. But, you know what's so special about being a loser? It's the fact that you got nothing to lose. And it's absolutely true. And that, you've gained something which you never discerned. You've gained a way to lose that you're not gonna take the next time. You've walked through it and the outcome has shown up. Not putting effort and failing has to totally do with the person himself. Whether to do or not with a thing, keep complaining without giving every bit of yourself regardless of the outcome.
"Success is a lousy teacher. It makes smart people think they can't lose." - Bill Gates.
When you embrace your failure, you make it a friend, make it a companion with the notion that it keeps you motivated, keeps you inspired yet you learn from it every time. Failure teaches you things that nothing else can teach you.