A practical tool that makes learning from failure a reality
'Fail Fast'. If it's not number one in the league of annoying innovation motherhood statements it’s certainly top five. Ok, yes we get the 'fail fast' principle but does it work? Has any business leader actually ever told their people to fail fast. I'm imagining a lot of blank faces when being exhorted to 'screw it up and be happy'. Is Fail Fast a myth?
If you're interested in innovation this is an inescapable topic. And rightly so. Harvard Business Review dedicated a whole issue to 'failure' recently (HBR April 2011). There's a tremendous article about the demise of Blockbuster and written from several of the key player's perspectives.
But I have to admit I'm such a failure I'm still working my way through 140 pages of failure analysis. So here's my greatest ever failure story, so great its really a success story masquerading as a failure story. It's short too: