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.

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More Innovation Resources:

The Little Innovation which Transformed Online Shopping

The innovation that enabled the growth of online marketplaces like eBay and Airbnb was the simple concept of buyer/seller feedback.

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Is the balance in innovation activity about to change?

Will digital technology dominate our innovation thinking or will it connect multiple strands in new, exciting ways? This article explores how innovations systems need to adjust to the changing landscape of technology.

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How to Use Project Priorities Matrix for Innovation

How to Use Project Priorities Matrix for Innovation

Learn how to use a project priority matrix to prioritize tasks in your organization's project management process.

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