There are many who advocate that the key to success, especially with innovation, is what’s known as the “fail faster” philosophy, which says that not only should we embrace new ideas and try new things without being overly concerned with failure, but, more importantly, we should effectively fail as efficiently as possible in order to expedite learning valuable lessons from our failure.

However, I have often experienced what I see as two fundamental flaws in the “fail faster” philosophy:

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