'Innovation requires failure. If you are afraid of failure, then we can't innovate'
When our mums and dads told us not to laugh at the misfortunes of others, we think they were referring to situations like 'don't laugh. He's walking like that because he has a limp' or 'don't laugh when someone you're not a fan of loses his wallet/girlfriend/teeth', and so on. We definitely don't think they meant 'don't laugh at the huge corporation that's blundered bigly with its latest product but who cares because they're still gazillionaires.'
Although we may have forgotten about some of these screw-ups, the truth is, big businesses screw up a lot. So much so, in fact, that their misbegotten projects can fill up a museum.
But there's a noble intention behind all this schadenfreude. The museum's creator, Samuel West told the Guardian that the salutary purpose behind his endeavour is to help people and businesses learn from their mistakes. 'Innovation requires failure. Learning is the only process that turns failure into success.'