Tag Archives: failure

When to pull the plug and learn from failure

Creating a new venture, championing a new process or offering a new course or program is exciting. However, statistically, it is more likely you will fail than succeed and there is a fine line between determination and pig-headed optimism. You might not have the skills to do what you love. At some point, you will have to consider quitting and moving ...

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We Need to Stop Glorifying Failure and Do This Instead

Over 50% of startups fail (and that number goes up to 75% for venture backed startups). The same is true of about three quarters of corporate transformations, which is probably why the average lifespan on the S&P 500 continues to shrink. These statistics tell a humbling story: few significant endeavors ever actually succeed. So it’s probably not surprising that we’ve ...

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5 Reasons Why Innovation Fails

Today, many corporations are doing startup calls, setting up company accelerators, intrapreneurship programs, tech scouting, hackathons and datathons. However, despite these efforts, many companies still do not achieve innovation results. Getting innovation results is somewhat difficult, but keeping innovation going is even harder. Regular innovation depends on many factors such as the top management’s leadership, the corporate culture, the available ...

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Retooling to Win in the Next Decade

After the World Economic Forum meeting in Davos drew to a close, Martin Reeves, Senior Partner & Managing Director, Director of the BCG Henderson Institute shared his reflections of the event with the Boston Consulting Group. Whilst discussion trended down global economic growth, they also elevated risks on a number of fronts, spanning the whole system, in the context of ...

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The Real Reasons Failure Is Important To Innovation

We’ve all heard the mantras around failure. “Fail fast. Fail often.” “Love your failures.” “You can’t succeed without failure.” But why? Why is failure so important to innovation and success? Why are we constantly being told to embrace failure rather than run away from it? We are told often it’s because we learn the most from our mistakes. If we ...

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Top 10 Innovation and Design Card Decks

Brian Eno’s Oblique Strategies. IDEO’s Method Cards. Sub Rosa’s Questions & Empathy. Idea Couture’s Impact Foresight Game. I’ve long been a fan of design and innovation card decks. I love them so much I helped create one this year – LPK’s Roadblocks to Innovation – shared 600+ sets worldwide and led a couple dozen Roadblocks Workshops. This unique medium has a power ...

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