‘Failure is a part of innovation. Perhaps the most important part.’
Firstly, discuss whether you agree or disagree and why.
You could consider:
1. What does failure look like? What types are failure are most common for innovators?
2. What mental barriers, resource, or structural barriers exist for innovators?
3. Are these directly related to failure? What else can go wrong that compounds difficulty for successful concept launch?
Then discuss this argument in relation to the challenges Australian entrepreneurs and innovative thinkers face.
Consider the widely accepted role that national culture plays in this process. Think closely about what Australian societal culture represents: it’s attitude to risk aversion, and our ability to accept and learn from failure.
Finally, conclude with a set of core recommendations you would have for:
a) Businesses and industry
b) For the startup sector
c) The larger community (including governments with policy and education institutions)
