How do you learn from product R&D failures and successes?

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Product R&D is a complex and uncertain process that involves experimentation, iteration, and adaptation. Sometimes, you may encounter failures or setbacks that can be frustrating and demotivating. Other times, you may achieve successes or breakthroughs that can be rewarding and inspiring. How do you learn from both outcomes and improve your product innovation performance? Here are some tips and best practices to help you.