Here's how you can effectively analyze and evaluate failure in R&D.
Research and Development (R&D) is an essential driver of innovation and progress across various industries. When embarking on R&D initiatives, one must accept that failure is not just possible; it's probable. The key to success, however, lies not in avoiding failure but in effectively analyzing and evaluating it to extract valuable insights that can propel future projects forward. Understanding how to dissect and learn from R&D setbacks is a critical skill that can turn potential losses into strategic advantages.