5 Ways Failure Can Fuel Learning in Innovation

Innovation is a tricky business, and failure is almost always a part of the journey. However, it's important for companies to view failure as a learning opportunity rather than a setback. By prioritizing experimentation, communication and agility, companies can use every failure as a stepping stone to success. Specifically, they can learn from their experiences and share those learnings with others for better problem solving in the future. They can also accelerate their experimentation velocity, pursue higher innovation ambitions and identify new opportunities for growth. In doing so, they improve customer satisfaction, build brand loyalty and boost employee well-being.