The value of failure in innovation

The value of failure in innovation

When accidents happen, they often lead to unexpected innovations. From Play-Doh to Teflon, accidents have been the trigger for many successful outcomes. The key is to prepare the ground for accidents by creating an environment where there is space and time to experiment and fail. To make the most of accidental innovation, we need to connect with others and make sure our accidents are widely publicized so others can make new connections. This is where innovation marketplaces and brokers can help. The underlying challenge is how to open up to unexpected connections.

View

More Innovation Resources:

The best product portfolio management tools for innovation

The best product portfolio management tools for innovation

Discover the benefits of using product portfolio management tools for innovation, and learn about the best ones available in the market.

View

The Transparency Trap

Transparency can make us better people and organizations. However, when it comes to businesses, too much transparency can lead to the transparency trap. Learning to be publicly vulnerable, proactively rather than reactively, can be a smart move to overcome this.

View
The Innovation Valley of Death

The Innovation Valley of Death

The "Valley of Death" is a funding gap that can halt innovation development. It is a challenge for projects to receive funding at this stage.

View