Philosophy, failure and rockets

The latest edition of Philosophy Now magazine (Jan/Feb 2011) directs our attention to a paper in the Acadmey of Management Journal. The paper by a Prof. Desai looked at the long-term effects of catastrophic failure on business. Those business that failed big actually succeeded better in the long run – something that Prof Desai attributes to hard lessons being learnt and staying learnt! Why do i mention this – well the business he looked at is the space industry, specifically companies involved in vehicle launching, nothing says failure like a lost satellite!


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s