Mind the time: failure response time, variations in the reasons for failures, and learning from failure

IF 2.8 4区 管理学 Q2 BUSINESS Industrial and Corporate Change Pub Date : 2023-05-16 DOI:10.1093/icc/dtad018
Arusyak Zakaryan, Daniel Tzabbar, Bruno Cirillo
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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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注意时间:故障响应时间,故障原因的变化,以及从失败中学习
一家公司对过去失败的反应时间如何影响其未来失败的可能性?这种可能性是否取决于过去失败的原因?利用2006-2016年的药品召回,我们研究了制药公司对过去失败的反应时间对他们从失败中学习的影响。更长的响应时间可降低后续故障的可能性。过去失败原因的变化增加了后续失败的可能性。然而,较长的响应时间有助于克服与这种变化相关的挑战。通过关注从失败中学习的时间维度,我们为组织何时以及如何从失败中吸取教训提供了独特的理论见解。
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来源期刊
CiteScore
5.10
自引率
4.00%
发文量
51
期刊介绍: The journal covers the following: the internal structures of firms; the history of technologies; the evolution of industries; the nature of competition; the decision rules and strategies; the relationship between firms" characteristics and the institutional environment; the sociology of management and of the workforce; the performance of industries over time; the labour process and the organization of production; the relationship between, and boundaries of, organizations and markets; the nature of the learning process underlying technological and organizational change.
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