Lectures

Failure management in innovation projects
- the FIFAA FailureTM Management Cycle

The high probability of failure hovers over every new venture or innovation project throughout their entire lifecycle. The question thus becomes how resilient an entrepreneur, an organization, or a team can ...

Experimentation and benefiting from
“intelligent failures”:

At an early stage of developing new innovations, teams need to learn about the unknown as much and as early as possible. Running experiments and conducting hypothesis-based testing are ...

Prototyping and exploiting

'fast failures':

After nailing the problem that a new innovation is intended to solve, teams need to try out alternative solution ideas as early and as quickly as possible. Prototypes and “fast failure” techniques can ...

Knowledge creation and learning from
innovation failures:

Failures highlight mistakes, errors, inefficiencies, and discrepancies in processes and procedures. Well-conducted After-Action Reviews (AARs) or post-mortems are great tools for facilitating ...

Pivoting and turning failure into new
innovation opportunities:

The “pivot” is a frustrating stage in an innovation project because it signals to both team members and to the outside world that earlier products, strategies, or business models were not ...

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