IDEAS home Printed from https://ideas.repec.org/a/oup/indcch/v32y2023i6p1245-1266..html
   My bibliography  Save this article

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

Author

Listed:
  • Arusyak Zakaryan
  • Daniel Tzabbar
  • Bruno Cirillo

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.

Suggested Citation

  • Arusyak Zakaryan & Daniel Tzabbar & Bruno Cirillo, 2023. "Mind the time: failure response time, variations in the reasons for failures, and learning from failure," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(6), pages 1245-1266.
    • Handle: RePEc:oup:indcch:v:32:y:2023:i:6:p:1245-1266.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/icc/dtad018
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:indcch:v:32:y:2023:i:6:p:1245-1266.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/icc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.