Failure in Innovation: Is There Such a Thing?

Bettina Stamm ()
Additional contact information
Bettina Stamm: Innovation Leadership Forum

A chapter in Strategies in Failure Management, 2018, pp 27-45 from Springer

Abstract: Abstract In the context of innovation failure is an interesting concept, one that has different connotations and different implications to most other contexts. Whereas in most contexts failure is something bad, to be avoided at all cost, in the context of innovation failure is considered to be not only a necessary evil but often a precondition for success. Innovators are encouraged to embrace failure and consider it to be a learning experience. This does not mean that high failure rates in innovation should be accepted nor that success rates cannot be improved. Particularly in the challenging context of the twenty-first century where innovating is a key necessity for survival we need to unearth the deeper roots of failure, one of which is fear. Even if it is often argued that there is no such thing as failure innovation, just learning, there still is failure in the context of innovation. This chapter will investigate failures in innovation (rather the of innovation) and propose some tools and approaches to remedy them.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-72757-8_3

Ordering information: This item can be ordered from
http://www.springer.com/9783319727578

DOI: 10.1007/978-3-319-72757-8_3

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().