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The concept has been widely employed as a metaphor in business, dating back to at least 2001. [5] It is widely used in the technology and pharmaceutical industries. [2] [3] It became a mantra and badge of honor within startup culture and particularly within the technology industry and in the United States' Silicon Valley, where it is a common part of corporate culture.
Fail fast may refer to: Fail fast (business), a concept in business management; Fail-fast system, a concept in systems design This page was last edited on 16 ...
In systems design, a fail-fast system is one that immediately reports at its interface any condition that is likely to indicate a failure. Fail-fast systems are usually designed to stop normal operation rather than attempt to continue a possibly flawed process.
Lean thinking has to be understood well by all members of a project, before implementing in a concrete, real-life situation. "Think big, act small, fail fast; learn rapidly" [ 8 ] – these slogans summarize the importance of understanding the field and the suitability of implementing lean principles along the whole software development process.
Design thinking refers to the set of cognitive, strategic and practical procedures used by designers in the process of designing, and to the body of knowledge that ...
But I think that Jensen is thinking about a legacy of changing the entire paradigm about the way the world is. Jensen is creating single handedly an industrial revolution.”
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.
If the arresting wires fail to capture the aircraft, it is able to take off again; this is an example of fail-safe practice. [10] In railway signalling signals which are not in active use for a train are required to be kept in the 'danger' position. The default position of every controlled absolute signal is therefore "danger", and therefore a ...