How does embracing a child's failure lead to long-term resilience and personal growth?

In today's highly competitive world, parents often feel pressured to ensure their child's success in every endeavor. However, studies suggest that allowing children to experience and learn from failure can significantly contribute to their emotional and mental development. Embracing failure can teach children critical life skills, such as perseverance, problem-solving, and adaptability. This approach also fosters resilience, helping them cope with future challenges constructively. How can parents effectively balance the desire to protect their child with the need to nurture a resilient and independent individual?