Failure creates great innovation

The best companies recognize that without failure, there will not be successful innovation. Tata Group gives an award each year for the best idea that failed. This actually encourages people to try out new ideas and shows support even if they fail. According to Ratan Tata, “Failure is a gold mine for a company.”

Do you embrace failure in your organization or are you afraid of it?


Leave a Reply

Your email address will not be published. Required fields are marked *