A new year is upon us and underway. Already I have seen a plethora of people making new resolutions, others promising a new year a new you if you do x, y, and z, and others saying how just because it is a new year it does not mean that it will be a new you.
It is the eternal piece of advice to entrepreneurs and innovators, fail fast and often, learn and move on. How actionable is this advice when applied to our business problems? Can we afford to fail fast and fail often, what lessons do we learn and can we bear the cost of continued setbacks until we finally get it right after multiple iterations?
Crisis management is essential in today's business environment. The dynamics of the marketplace, shifts in customer tastes and perceptions, and even the weather all play a significant factor in continuing business operations and maintaining a competitive advantage.