Smart failure for a fast-changing world- updated

In a presentation at Ted Talks Obeng (2012) indicated that our environment changes at a faster rate than we can learn about the change. The presenter emphasized the need to address the gap between the pace of change and the pace of learning about the change. The pace of change due to creativity, innovation and risk supersedes our pace of learning. The world is changing at an accelerating speed, yet our response to change is based on our understanding of the meanings of the rules about our world



While we are busy interacting with our world, the rules may change due to creative thinking or innovative idea. We may respond to the new change based on our past knowledge. So even though we are reacting to today’s changes, our decisions, behavior and actions may be based on what we know yesterday. Our think tanks should study innovation strategy which addresses the gap between the pace of change and the pace of learning about the change. Influencing forces include Global paradigm shifts and cultural impact on knowledge acquisition (learning). Obeng, E. (2012). Smart failure for a fast-changing world. Ted Talks. Retrieved from http://www.ted.com/talks/eddie_obeng_smart_failure_for_a_fast_changing_world.html