There’s an old saying in business – “fail fast and fail often.” In many cases, this is sound advice. But any executive who has been stuck in the middle of a crisis-prone but strategically significant project knows how hard it is to differentiate between short and medium-term issues for which there may be solutions and those painful moments when declaring failure is the right thing to do.

Watch the video above to hear about a framework that helps CEOs and their leadership teams make the best decisions possible when important initiatives run into trouble.