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Business Strategy: Fail Often in Order to Succeed Sooner

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How would you interpret the statement "Fail often in order to succeed sooner?" Does your organization live by this motto?

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This solution discusses the business strategy of failing often to succeed sooner.

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I would interpret the statement fail often in order to succeed sooner, as meaning that only those individuals or organizations that are risk takers succeed in the long run. In essence, the fail often portion of this statement means that those individuals or organizations that take calculated risks often fail, but this repeated ...

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Marcel Parker, MPA
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  • Criminal Justice, Elizabeth City State University
  • Master of Public Administration, North Carolina Central University
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