This is an excellent overview and summary of the fail fast idea in the nonprofit sector.
Taking a cue from Silicon Valley, nonprofits are learning to use their failures as an integral part of the process of innovation and, ultimately, progress.
- Some nonprofits are tempted to hide their failures, partially for fear of donor reaction. But most acknowledge that transparency about what works and what doesn’t is crucial to their eventual success.
- “In Silicon Valley, failure is a rite of passage,” said Vota. “If you’re not failing, you’re not considered to be innovating enough.” Silicon Valley investors, in turn, regularly reward entrepreneurs’ risk-taking behavior, though they know the venture may fail and they will lose their capital.
Your new post is loading...