3 Company Failures Unexpectedly Saved Businesses Made More Innovative

3 Company Failures Unexpectedly Saved Businesses Made More Innovative

A company's failures can often pave the way for success. It's important to learn from these failures and rework products accordingly. For example, Bubble Wrap experienced multiple iterations of failure before finding success by partnering with IBM. IBM had to listen to customers' feedback in order to realign their purpose and get back on track. And Dyson Vacuums founder, James Dyson, understood that product perfection comes from continuous reworking and learning from failures. These case studies teach us to embrace new ideas and products, and to think outside of the box in order to succeed.

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More Innovation Resources:

Innovation Strategy - "Better and Faster" by Jeremy Gutsche

Jeremy Gutsche's book "Better and Faster" highlights six patterns of opportunity behind successful innovation strategies, including convergence, divergence, and acceleration.

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Connecting Strategic, Financial, and Operational Planning

Planview Enterprise offers a solution to connect strategic, financial and operational planning by natively speaking each of these languages.

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Whose responsibility is innovation anyway?

Innovation is no longer just the responsibility of R&D or Marketing departments. It is a contact sport that requires collaboration across the business and externally.

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