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In: DEFINITION, FAILURE

I believe I have written a few times about the culture and the concept of failure in today’s companies. Anytime I see a quote that reinforces that failure is part of process, I am inspired to revisit the topic.  “If I find 10,000 ways something won’t work, I haven’t failed,” Edison once said. “I am not discouraged, because every wrong attempt discarded is often a step forward.” Failure is just a step in the process of innovation. No fine print or disclaimers, it’s part of the process. The sooner you get your business culture to accept and understand that, the sooner you’re on the pathRead More →

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In: FAILURE, PROCESS, Uncategorized

LinkedIn founder Reid Hoffman famously said, “If you are not embarrassed by the first version of your product, you’ve launched too late.” I have to agree… There is value in Failing Fast or at the very least getting the MVP to market to test a model of product. Failing is normally feared within an organization, and fear of failure does not lend itself to failing fast. “Fail To Innovate” is a book I am currently writing and explores the psychology around an organization’s fear of failure and how to develop the culture where iteration and the failure of the majority of the iterations is aRead More →

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In: BUSINESS, FAILURE

If we assume our success rate in innovating will be one out of X it stands to reason that the more iterations you have more success you will ultimately have. In order to establish a culture where the iterative approach is taken and it is recognized that not everything will be a wild success, the concept of failure needs to be discussed and understood that it is an integral part of the process. It is imperative to remove the psychological barriers that leave people cautious to not fail. Fail fast Fail often is one of many phrases I’ve heard that encourages people to try atRead More →