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Most people realize that failure is necessary for innovation, and failure in innovation is expected. In fact, failure is something increasingly celebrated. Companies around the world now talk about "wearing failure as a badge of honor."
But should companies really celebrate failure? Do these companies know how to deal with failure, and what are they really learning from it?
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According to a study performed by Statistic Brain, more than 50 of U.S. companies fail after five years, and more than 70 fail after 10 years after creation. The lean startup method can help to avoid this faith.
There are few industries remaining that have yet to be disrupted. The Fashion Industry is certainly on its way to joining the list of those being disrupted.
Prior to the coronavirus pandemic of 2020, exponential digital transformation was the biggest disruption many organizations and leaders within those organizations concerned themselves with.I.
Aren’t breakthrough innovation and disruptive innovation the same thing? It’s a common question when building innovation strategy.
For a long time, “innovation” really meant “innovation in products and services.” But for a while now, innovation of this kind has shown a declining return on investment. Why?