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Publications

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  • 2017
  • Chapter

Innovation Policies

By: Ramana Nanda and Matthew Rhodes-Kropf
Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not examined how this affects which projects principals will start. We demonstrate that failure tolerance has an equilibrium price – in terms of an investor’s... View Details
Keywords: Innovation; Investing; Abandonment Option; Failure Tolerance; Innovation and Invention; Venture Capital; Attitudes; Investment; Failure
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  • 2017
  • Working Paper

Innovation Policies

By: Ramana Nanda and Matthew Rhodes-Kropf
Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not examined how this affects which projects principals will start. We demonstrate that failure tolerance has an equilibrium price ― in terms of an investor's... View Details
Keywords: Innovation; Investing; Abandonment Option; Failure Tolerance; Venture Capital; Attitudes; Investment; Failure; Innovation and Invention
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  • 2015
  • Conference Presentation

Managing Failure in Pioneering Industries: Virgin Galactic, Legitimacy, and the 2014 Test Flight Crash

By: Luciana Silvestri and Anil Doshi
Keywords: Failure Tolerance; Innovation; Nascent Industries; Legitimacy; Cognition; Organizational Learning; Organizations; Entrepreneurship; Emerging Markets; Performance; Learning; Failure; Cognition and Thinking; Innovation and Invention; Aerospace Industry
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  • 2016
  • Chapter

Financing Entrepreneurial Experimentation

By: Ramana Nanda and Matthew Rhodes-Kropf
Keywords: Innovation; Investing; Abandonment Option; Failure Tolerance; Risk and Uncertainty; Technological Innovation; Venture Capital; Entrepreneurship
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  • spring 1991
  • Article

Breaking the Cycle of Failure in Services

By: Leonard A. Schlesinger and James Heskett
Most managers recognize that good service is a direct result of having effective, productive people in customer contact positions. However, most service companies perpetuate a cycle of failure by tolerating high turnover and expecting employee dissatisfaction. This... View Details
Keywords: Goals and Objectives; Service Delivery; Success; Failure; Management Skills; Service Industry
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  • 22 Aug 2005
  • Research & Ideas

The Hard Work of Failure Analysis

openness, patience, and a tolerance for ambiguity. Thus formal processes or forums for discussing, analyzing, and applying the lessons of failure elsewhere in the organization are needed to ensure that... View Details
Keywords: by Amy Edmondson & Mark D. Cannon
  • January–February 2019
  • Article

The Hard Truth About Innovative Cultures

By: Gary P. Pisano
Innovative cultures are generally depicted as pretty fun. They’re characterized by a tolerance for failure and a willingness to experiment. They’re seen as being psychologically safe, highly collaborative, and nonhierarchical. And research suggests that these behaviors... View Details
Keywords: Organizational Culture; Innovation and Invention; Performance Expectations; Leadership
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  • October 2016
  • Case

Elon Musk: Balancing Purpose and Risk

By: Shikhar Ghosh and Sarah Mehta
The case is used to illustrate the place of ‘Purpose’ versus financial risk and returns in a founder’s objectives. It also addresses personal risk profile of different founders, and when paired with the Risk Tolerance Exercise, it enables evaluating one’s own appetite... View Details
Keywords: Electric Vehicle; Solar Power; Vision; Trade-offs; Leadership; Mission and Purpose; Risk and Uncertainty; Entrepreneurship; Failure; United States; North America
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  • October 2013
  • Article

Corporate Venturing

By: Josh Lerner
For decades, large companies have been wary of corporate venturing. But as R&D organizations face pressure to rein in costs and produce results, companies are investing in promising start-ups to gain knowledge and agility. The logic of corporate venturing is... View Details
Keywords: Venture Capital; Knowledge Acquisition; Corporate Strategy; Research and Development; Business Startups; Innovation and Invention
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  • 23 Sep 2008
  • First Look

First Look: September 23, 2008

relationship between these two variables, others find no effect or even a negative relationship. In this paper, we suggest that the differences in prior findings may be due to the failure to separate the processes of knowledge acquisition... View Details
Keywords: Martha Lagace
  • 10 Oct 2017
  • First Look

First Look at New Research and Ideas, October 10, 2017

However, those lofty hopes were quickly dashed when Afrezza generated lackluster first-year sales, driving Sanofi to terminate its short-lived contract with MannKind in January 2016. MannKind's management attributed the launch’s failure... View Details
Keywords: Sean Silverthorne
  • Web

Europe - Global

and luxury mean in a changing world. December 2024 Harvard Gazette Learning from Notre-Dame: A Case on Leadership and Preventable Failure What can one of the world’s most iconic landmarks teach us about leadership and operational... View Details
  • 07 Feb 2019
  • Book

How Big Companies Can Outrun Disruption

is prepared for the fact that with all the great things like tolerance for failure and so forth, there is an equally important set of behaviors required that may be a lot less pleasant for some people.... View Details
Keywords: by Martha Lagace
  • 17 Jun 2015
  • Lessons from the Classroom

Excellence Comes From Saying No

fashion at the commission there was no need to 'rock the boat,'" he wrote. "I tolerated more than I should have." The student ended his essay with some concrete suggestions on how to reform the commission. "They each... View Details
Keywords: by Michael Blanding
  • 28 Nov 2005
  • Research & Ideas

Unilever: Transformation and Tradition

longer to rationalize production and brands on a Europe-wide basis. Unilever's "hands-off" approach to the U.S. affiliates persisted even after the decline of the detergents and margarine businesses, and the failure to grow an... View Details
Keywords: by Geoffrey Jones; Consumer Products
  • 12 Jul 2004
  • Research & Ideas

Enron’s Lessons for Managers

executives, led by Ken Lay, created an extreme performance-oriented culture that both institutionalized and tolerated deviant behavior. It's a story about a group of executives who created a world that they could not understand and... View Details
Keywords: by Martha Lagace
  • Web

2.3.7 Physical Violence | MBA

2.3.7 Physical Violence HBS strives to maintain a safe and secure environment for all members of the community and thus does not tolerate physical violence or threats of physical violence. Students are expected to avoid all physical... View Details
  • 11 Apr 2017
  • First Look

First Look at New Research, April 11

Advances in Strategic Management Innovation Policies By: Nanda, Ramana, and Matthew Rhodes-Kropf Abstract—Past work has shown that failure tolerance by principals has the potential to stimulate innovation... View Details
  • 06 Jan 2003
  • Research & Ideas

Why Expensing Options Doesn’t Solve the Problem

WorldCom or Adelphia. The failures at those companies were more likely caused by a combination of fraud committed by individuals, inadequate control and governance systems that tolerated clear conflicts of... View Details
Keywords: by William Sahlman
  • 12 Feb 2001
  • Research & Ideas

Creating Value Across Borders

system. In France and Germany, the university systems create a lot of inventions but not necessarily innovations. The third difference is the varying tolerance for income disparity across cultures. While that View Details
Keywords: by Staff