Where Industry Failed

If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.

At the height of the global bull market a few years ago, business giant Kmart stumbled, going from one of the most admired companies to one of the largest bankruptcies in history. The same fate befell several seemingly impenetrable corporation, such as Enron, WorldCom, Polaroid, and others. Were these fantastic failures caused by a fickle stock market and a turbulent economy? Did they fall victim to the dot-com bubble of the late 1990s? Not according to business journalist Mark Ingebretsen in Why Companies Fail. As you'll discover in this groundbreaking book, all of these companies exhibited one or more of the ten characteristics of a doomed company--characteristics that have been shared by failed companies for decades. Kmart, Enron, WorldCom, and other corporations might have been saved if their executives had recognized sooner that their companies were exhibiting one or more of these characteristics. Ingebretsen, with the help of some of the world's most noted business management experts from the Turnaround Management Association, describes in startling detail each of the ten big reasons companies fail, including: - Letting stock price dictate strategy - Ignoring customers - Fighting wars of attrition - Innovating too much or too little - And more Inside these pages, you'll discover practical methods for identifying these fatal characteristics in your own organization and preventing them from leading to failure. No matter what the size of your company, the lessons in Why Companies Fail could be the difference between long-lasting success and sudden flameout. And before any company can go from good to great, it's got to be on the right track in the first place.This valuable guide will show you how.

Although initially sparked by the collapse of MG Rover, this inquiry into the UK automotive industry was broadened to examine the following subjects: the principal reasons for the different records of success by different companies;how companies arrive at investment and closure decisions; the role played by trade unions; the appropriate Government response to closure announcements and what the Government could do to help the supply chain and workforce if plants are closed. Overall it foresees mixed prospects for car manufacturing in this country and thinks it is important that the industry and Government put extra effort into improving skills, increasing R&D, adopting lean manufacturing techniques and strengthening the local supply chain.

Handbook of Materials Failure Analysis: With Case Studies from the Construction Industry provides a thorough understanding of the reasons materials fail in certain situations, covering important scenarios including material defects, mechanical failure due to various causes, and improper material selection and/or corrosive environment. The book begins with a general overview of materials failure analysis and its importance, and then logically proceeds from a discussion of the failure analysis process, types of failure analysis, and specific tools and techniques, to chapters on analysis of materials failure from various causes. Failure can occur for several reasons, including: materials defects-related failure, materials design-related failure, or corrosion-related failures. The suitability of the materials to work in a definite environment is an important issue. The results of these failures can be catastrophic in the worst case scenarios, causing loss of life. This important reference covers the most common types of materials failure, and provides possible solutions. Provides the most up-to-date and balanced coverage of failure analysis, combining foundational knowledge and current research on the latest developments and innovations in the field Offers an ideal accompaniment for those interested in materials forensic investigation, failure of materials, static failure analysis, dynamic failure analysis, and fatigue life prediction Presents compelling new case studies from key industries to demonstrate concepts and to assist users in avoiding costly errors that could result in catastrophic events

In the last years of the Soviet Union, with remarkable suddenness, it became commonplace to observe that what the country needed was a free market, private property and integration into the global economy. But why (aside from the obvious fact that the alternative was failing) should this consciousness dawn in our day? This book argues that the time has come to reflect on what the epochal events of our era are teaching us about larger questions - the relationship between economy and society, culture and market. Dusan Polorny asks precisely these questions, revisiting the ideas of classic and contemporary philosophers in the light of the failure of the Soviet order and the exigencies of post-Soviet transformation. As Pokorny also points out, integration in a post-industrial global economy entails profound changes in the domain of property rights, a redefinition of the relation between equity and efficiency, and a regrounding of national consciousness. The present volume examines the implications of these demands for the post-Soviet societies; another, on the European and North American experiments in economic integration, is in preparation.

In the last years of the Soviet Union, it suddenly became commonplace to claim that what the country needed was a free market, private property and integration into the global economy. But why should this consciousness dawn in our day? This book examines the issues and aims to answer that question.

Handbook of Materials Failure Analysis: With Case Studies from the Oil and Gas Industry provides an updated understanding on why materials fail in specific situations, a vital element in developing and engineering new alternatives. This handbook covers analysis of materials failure in the oil and gas industry, where a single failed pipe can result in devastating consequences for people, wildlife, the environment, and the economy of a region. The book combines introductory sections on failure analysis with numerous real world case studies of pipelines and other types of materials failure in the oil and gas industry, including joint failure, leakage in crude oil storage tanks, failure of glass fibre reinforced epoxy pipes, and failure of stainless steel components in offshore platforms, amongst others. Introduces readers to modern analytical techniques in materials failure analysis Combines foundational knowledge with current research on the latest developments and innovations in the field Includes numerous compelling case studies of materials failure in oil and gas pipelines and drilling platforms