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 a part of the process. Over the next few months I hope to explore topics around this concept and present something worthy of you spending your time reading!
A company can “Fail to innovate” or they will “Fail to innovate”.