Failure Quote by Christopher Galvin
“What most people don't understand about failure in innovation is that it's an investment. It's actually an investment in experience.”
About This Quote
Source Interview: Innovation Insights Podcast, 2022
Failure in innovation should be seen as an investment that yields experience and future value.
In simple terms: Failure is a learning investment.
Key Takeaway
Embrace setbacks as growth opportunities.
Themes
failure
innovation
investment
learning
Mood
optimistic
analytical
Type
inspirational
educational
When to use this quote
- startup pivots
- product development
- research trials
Key Concepts
risk tolerance
experience economy
growth mindset
Questions to Reflect On
- How can you measure the value of a failure?
- What safeguards protect against costly mistakes?
A Different Perspective
Not all failures lead to useful experience.
![“You have to give credit where credit's due. Steve [Jobs] has been probably the single hardware/software forward-looking thinker and executor in our lifetime as an individual. He's quite a brilliant innovator.” quote by Christopher Galvin](https://sms4smile.com/quotes/img-quotes/ef5/christopher-galvin-38609_brilliant_you-have-to-give-credit-where-credit-s-d_1170407.jpg)
