To enable fast failure and learning, you may have to create a fail-safe environment where it is acceptable to make mistakes, particularly if you work for a company that is focused on core innovations. A great way to establish such an environment is the use of an incubator. An incubator is a new, temporary business unit that is loosely coupled to the rest of the organization. It offers the necessary autonomy to innovate—and to fail—fast. As Peter Drucker writes in his book Innovation and Entrepreneurship, “The best, and perhaps the only, way to avoid killing off the new…is to set up the
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