Why Innovation Fails

Innovation is a buzz-word, admittedly. People think they're cool when they use it, when they criticise schools (and other organisations and industries) for not being innovative. The truth is, though, that innovation is deeply challenging. Although we frequently hear a choir of folks sing the praises of failure, it should be pointed out, as Ben Slater of consultancy Bow & Arrow (London) does in the most recent issue of London Business School Review (2.2015), that "[i]nnovation is a complete and utter basket case in business [...]. There is no other discipline [...] that has a higher failure rate than innovation [...]. It is incredibly hard. There are multiple pain points where innovation can fail [...]."