Why successful companies embrace innovation failures
Nairobi, Sept. 9 -- "Success is the ability to go from failure to failure without losing your enthusiasm" ~often attributed to Winston Churchill.
If your organisation has innovative profitable momentum, is failure often the evidence? Consider Acacia Bank, no failed financial products, nil failed experiments, with no initiatives abandoned. Contrast this with Red Oak Capital, 10 experiments, seven didn't work, two were mediocre, but one became a major new business. Which is more innovative?
Failure is a word streaming with the tears of emotion. In business, how many times do we admit - "I failed"? There is an addiction to 'looking good' stories of success, but the daily reality is that we are often mistaken, constantly making course corre...
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