Archive for July, 2014

Fear of Failure Delays Innovation

Most folks experienced in innovation and commercial development have experienced failure.  Failure in this context is merely one step forward toward ultimate success.  The key is to reduce risks of large failures.   Many new products newly commercialized need updates, fix-its, or are followed quickly with next generation products.  The risks one should keep in mind are the large factors that mitigate risk of innovation failure, rather than getting everything right out of the gate.

Remember, optimization beats perfection.