How can Company Improve Financial Performance by Learning from Failure?

Sanetake Nagayoshi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

Challenging new business for seeking better performance is an essential matter for company to keep sustainable growth. The wisdom of learning from failure is incontrovertible. Yet organizations that do it well are extraordinarily rare. This paper reports a successful case study in Company S in Japan. They succeeded in establishing the way to learn from failure. Through their system, they have accumulated 41 failure case studies and lessons learned since 2005, and they could eventually earn six fold profits more than before. This case study generates several research topics (research questions) as for "How can company improve financial performance by learning failure?" However this paper shows just research questions. The validation of these research topics should be carefully examined beyond this paper.

Original languageEnglish
Title of host publicationLecture Notes in Business Information Processing
PublisherSpringer Verlag
Pages333-336
Number of pages4
Volume185 LNBIP
ISBN (Print)9783319086170
DOIs
Publication statusPublished - 2014
Event9th International Conference on Knowledge Management in Organizations, KMO 2014 - Santiago
Duration: 2014 Sep 22014 Sep 5

Publication series

NameLecture Notes in Business Information Processing
Volume185 LNBIP
ISSN (Print)18651348

Other

Other9th International Conference on Knowledge Management in Organizations, KMO 2014
CitySantiago
Period14/9/214/9/5

Fingerprint

Industry
Japan
Profit
Profitability
Fold
Learning
Financial performance
Business
Lessons learned
New business
Sustainable growth
Wisdom

Keywords

  • Company performance
  • Employee motivation
  • Learning from failure

ASJC Scopus subject areas

  • Management Information Systems
  • Control and Systems Engineering
  • Information Systems and Management
  • Information Systems
  • Business and International Management
  • Modelling and Simulation
  • Business, Management and Accounting(all)

Cite this

Nagayoshi, S. (2014). How can Company Improve Financial Performance by Learning from Failure? In Lecture Notes in Business Information Processing (Vol. 185 LNBIP, pp. 333-336). (Lecture Notes in Business Information Processing; Vol. 185 LNBIP). Springer Verlag. https://doi.org/10.1007/978-3-319-08618-7_32

How can Company Improve Financial Performance by Learning from Failure? / Nagayoshi, Sanetake.

Lecture Notes in Business Information Processing. Vol. 185 LNBIP Springer Verlag, 2014. p. 333-336 (Lecture Notes in Business Information Processing; Vol. 185 LNBIP).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Nagayoshi, S 2014, How can Company Improve Financial Performance by Learning from Failure? in Lecture Notes in Business Information Processing. vol. 185 LNBIP, Lecture Notes in Business Information Processing, vol. 185 LNBIP, Springer Verlag, pp. 333-336, 9th International Conference on Knowledge Management in Organizations, KMO 2014, Santiago, 14/9/2. https://doi.org/10.1007/978-3-319-08618-7_32
Nagayoshi S. How can Company Improve Financial Performance by Learning from Failure? In Lecture Notes in Business Information Processing. Vol. 185 LNBIP. Springer Verlag. 2014. p. 333-336. (Lecture Notes in Business Information Processing). https://doi.org/10.1007/978-3-319-08618-7_32
Nagayoshi, Sanetake. / How can Company Improve Financial Performance by Learning from Failure?. Lecture Notes in Business Information Processing. Vol. 185 LNBIP Springer Verlag, 2014. pp. 333-336 (Lecture Notes in Business Information Processing).
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