Successful entrepreneurs used to be lauded for their grit and perseverance. Then the idea of the “lean startup” introduced the mantra of “fail fast and fail often” as the way to strike startup gold. In this episode, Hart Posen, professor of strategy and entrepreneurship at Tuck, discusses his recent research that puts a framework around the “fail fast, fail often” idea.
Research paper discussed: Programs of Experimentation and Pivoting for (Overconfident) Entrepreneurs, Academy of Management Review, 2024.
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