Why smartfailing will improve university and business innovation strategy

Stefan Lindegaard uses a term called "smartfailing" to describe a new approach to failure. A smartfailing organization, when things go wrong (as they frequently will), does not focus its energy on assigning blame and doling out consequences. Instead, the smartfailing organization uses failure to become better. When an organization embraces smartfailing, it de-stigmatizes failure internally and uses failure as an opportunity to learn and to find a better course.

By Melba Kurman

Full Story: http://triplehelixinnovation.com/why-smartfailing-will-improve-university-innovation-strategy/1799