There is a lot common then meets the eye between Walt Disney, Thomas Edison, James Dyson and the Wright Brothers. They all orginated groundbreaking innovations, yet they had all failed initially. It was out of tremendous perseverance, that they were able to get their developments off the ground. Companies similarly need to create such an environment to support and reward business innovations. An enabling infrastructure needs to be curated likewise. Any projects that are ideated need the necessary space and time to develop. These innovations must not be seen as end goals themselves, but as part of the learning curve. The kaizen philosophy has to be followed in this. These innovations must be managed with clear structured rules of the game being defined from the very start. A knowledge base needs to be curated to help the participants as well as to track their new insights gained.

Source:https://www.innovationexcellence.com/blog/2018/11/11/if-at-first-you-dont-succeed/

Uploaded Date:21 November 2018