Failure

Failure: An expected outcome where a process or idea falls short of its goals, providing valuable learning opportunities for future innovation.

More Innovation Glossaries

Intrapreneurship

Intrapreneurship: The practice of fostering entrepreneurial behavior within an organization to drive innovation and business growth.

Hackathon

Hackathon

A hackathon is basically any event where people come together to solve problems (mostly over 1-3 days).

Shark Tank Challenge

A contest where teams present their ideas to a panel of judges to win support for their ideas or inspire change within the company.

Top Failure Resources

Why Failure is So Important for a Successful Innovation Strategy

Failure is an important ingredient for success in innovation. Good failures can lead to learning and breakthroughs.

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It’s OK to Fail – Embrace Failure as Part of your Innovation Strategy

It’s OK to Fail – Embrace Failure as Part of your Innovation Strategy

Failures are a valuable tool for growth in business innovation, as they help to identify mistakes and provide opportunities for improvement.

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