Journal article
Mind the time: failure response time, variations in the reasons for failures, and learning from failure
Industrial and corporate change, v 32(6), pp 1245-1266
Dec 2023
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
How does a firm’s response time to past failures affect its likelihood of experiencing future failures? Does this likelihood depend on the reasons for past failures? Using drug recalls during 2006–2016, we examine the effect of pharmaceutical firms’ response time to their past failures on their learning from failure. Longer response times reduce the likelihood of subsequent failure. Variations in the reasons for past failures increase the potential for subsequent failure. However, a longer response time helps overcome the challenges associated with this variation. By focusing on the temporal dimension of learning from failure, we provide unique theoretical insights into when and how organizations can learn from failure.
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Details
- Title
- Mind the time: failure response time, variations in the reasons for failures, and learning from failure
- Creators
- Arusyak Zakaryan (Corresponding Author) - Grenoble Ecole de ManagementDaniel Tzabbar - Drexel University, ManagementBruno Cirillo - SKEMA Business School
- Publication Details
- Industrial and corporate change, v 32(6), pp 1245-1266
- Publisher
- Oxford University Press
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Management
- Web of Science ID
- WOS:000987923000001
- Scopus ID
- 2-s2.0-85178623818
- Other Identifier
- 991020571214204721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Business
- Economics
- Management