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How to Thrive in Fast-Moving Markets
HBR On Strategy
Managing and Learning from Failure in Agile Organizations
Organizations should focus on finding and seizing new opportunities while also being willing to let go of unsuccessful endeavors. Managers and leaders can achieve this by following a four-phase approach: thinking big, testing small, failing fast, and learning always. It is crucial for companies to set clear criteria and deadlines to assess the success of their initiatives. If a product fails to meet expectations, the company should pull back but continue to learn and share knowledge within their ecosystem.
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