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

    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)

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  • 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