image credit: Joe Loong

To be honest, this post has less to do with failure and more to do with personal innovation from within the corporate structure—the struggle to make change happen, to get your ideas implemented if you aren’t in a senior leadership position.

The Math of Fast and Cheap

In 2007, Doug Hall suggested that businesses should Fail Fast, Fail Cheap when it comes to innovation. Specifically he showed the business sense of failing quickly and cheaply: