The Olympics always bring out the competitive spirit in me. I find my heart racing along with the athletes as they put their lifetime of training to the test for their shot at Olympic glory. For some the difference between a gold medal and despair can be as little as a few hundredths of a second. After this week’s tie for the gold medal in Women’s downhill skiing, a first in Olympic Alpine skiing history, many were suggesting that they needed to start measuring times in the thousandths of a second. Swiss watchmaker Omega has been measuring Olympic time since 1932 and claims that their technology can be accurate to the millionth of a second but the level of accuracy for each sport is determined by the corresponding federation. Whatever the measure of time, success or failure for each of these athletes can come down to the slightest nuance during their final performance.
In early 2007 I was planning to launch my first Failure Forum. The forums were a series of presentations (modeled after TED talks) with an ensuing discussion that were meant to examine internal innovation projects that had been shut down. We sought to understand what had been accomplished with the project, what had we learned from it, and what would we do differently next time. The truth was that many of the innovation projects were modeled after previous work.
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