Fail often, fail well!

“Fail often, fail well” says Schumpeter in The Economist (16 April 2011). The Economist nails it. “Failure can indeed be a better teacher than success. It can also be a sign of creativity. The best way to avoid short-term failure is to keep churning out the same old products, though in the long term, this may spell your doom. Businesses cannot invent the future—their own future—without taking risks.”

Read how Alan Mulally challenged Ford executives. Read why six-sigma damaged 3M’s innovation engine. More….