When it comes to learning from failure in the innovation process, former Procter & Gamble CEO A. G. Lafley suggests that the key is to

A. work within a competent team so that blame is spread around among strong players.
B. look for innovation in small increments, so that failure risks are small.
C. fail early, fail cheaply, and don't make the same mistake twice.
D. develop a tolerance for ambiguity so that failure does not personally upset you.
E. avoid it by almost any means necessary because it will irreparably harm your reputation.


C. fail early, fail cheaply, and don't make the same mistake twice.

"You learn more from failure than you do from success," says A. G. Lafley, "but the key is to fail early, fail cheaply, and don't make the same mistake twice." Lafley, who doubled sales and quadrupled profits for P&G, admits to having had "my fair share of failure. But you have to get past the disappointment and blame and really understand what happened and why it happened."

Business

You might also like to view...

The New Luxury goods category, which includes Kiehl's skin care and Kendall Jackson wine, and is based on emotions and priced between average middle-market brands and superpremium Old Luxury brands, is called accessible superpremium brands

Indicate whether the statement is true or false

Business

Perception is

A. a complex physical and psychological process. B. strongly influenced by the receiver's current state of mind, role and understanding or comprehension of earlier communications. C. the process by which individuals connect to their environment. D. All of these choices are correct.

Business

Which of the following is NOT mentioned as a disadvantage of social media for conducting surveys?

A) surveys do not address the responses from nonusers of social media B) survey administration is difficult to control. C) inability to field more complex questions D) response rates may be low E) confidentiality is an issue

Business

_____ refers to your ability at any time to download audio and video files for viewing and listening using portable listening devices and personal computers.

Fill in the blank(s) with the appropriate word(s).

Business