article thumbnail

Put Failure in Its Place

Harvard Business Review

It's about learning the right kind of lesson, or what Lean Startup guru Eric Ries describes as validated learning. Learning is the essential unit of progress for start-ups," writes Ries. As we are faced with interim failures in our innovation process, the narrative we construct is key. It's not just that you learn a lesson.

Ries 22
article thumbnail

Put Failure in Its Place

Harvard Business Review

It's about learning the right kind of lesson, or what Lean Startup guru Eric Ries describes as validated learning. Learning is the essential unit of progress for start-ups," writes Ries. As we are faced with interim failures in our innovation process, the narrative we construct is key. It's not just that you learn a lesson.

Ries 19
article thumbnail

How Big Companies Should Innovate

Harvard Business Review

If Gerber's failed adult food business had been born outside of its existing organization, would the managers have distributed a product that looked like Gerber baby food? Leaders must manage internal transfer pricing to ensure the development of viable business models. Transfer pricing inside a company is already a complex issue.