Category Archives: The Study of Failure

Chart of the Day: Milestone Scientific Co.

According to Yahoo!Finance, “Milestone Scientific, Inc. develops computer-controlled anesthetic delivery devices for the medical and dental markets in the United States and internationally. The company operates through dental and medical segments. Its products include CompuDent System used to control the flow rate of the anesthesia during the injection that allows virtually painless injections for various dental procedures, including routine fillings, implants, root canals, and crowns; and CompuFlo, a computer-controlled drug delivery system for the painless delivery of drugs, anesthetics, and other medicaments, as well as for the aspiration of bodily fluids or previously injected substances.”

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The Study of Failure

“I wonder why we expend so little energy in preparing our children to interpret their inevitable failures, not as inhibitors or negative aspects of life but as likely consequences of any quest, to be welcomed as just one more road marker. (Levine, Frederic A. "WESTCHESTER OPINION; Failures Offer Lessons on Winning." New York Times, 7 Jan. 1990.).”

Chart of the Day: Babcock & Wilcox

According to Yahoo!Finance, “Babcock & Wilcox Enterprises, Inc. provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide.”

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The Study of Failure

“On 2 December 2006, Pfizer was faced with a devastating finding: the biggest prospect in their near-term pipeline--the lipid-modulating agent torcetrapib--had raised the risk of death and heart problems in the pivotal ILLUMINATE trial. The company promptly halted development of its cholesteryl ester transfer protein (CETP) inhibitor, into which it had already invested US$800 million, and watched its share price plummet (Learning lessons from Pfizer's $800 million failure." Nature Reviews Drug Discovery, vol. 10, no. 3, 2011, p. 163+. Academic OneFile, http://link.galegroup.com/apps/doc/A251088305/AONE?u=sfpl_main&sid=AONE&xid=c6cd54f5. Accessed 10 Dec. 2018.).”

Chart of the Day: Sharing Economy Intl.

According to Yahoo!Finance, “Sharing Economy International Inc., through its subsidiaries, manufactures and sells textile dyeing and finishing machines in the People's Republic of China.”

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The Study of Failure

“In a letter to employees, Max Hopper, American Airlines Information Services chief, wrote: ‘Some people who have been part of CONFIRM management did not disclose the true status of the project in a timely manner. This has created more difficult problems--of both business ethics and finance--than would have existed if those people had come forward with accurate information. Honesty is an imperative in our business--it is an ethical and technical imperatives.’ Apparently, the clients were misled into continuing to invest in an operation plagued with problems in database, decision-support, and integration technologies (Oz, Effy. "When professional standards are lax: the CONFIRM failure and its lessons." Communications of the ACM, Oct. 1994, p. 29+. Academic OneFile, http://link.galegroup.com/apps/doc/A16385614/AONE?u=sfpl_main&sid=AONE&xid=f8fbc171. Accessed 10 Dec. 2018.).”

Chart of the Day: Remark Holdings

According to Yahoo!Finance, “Remark Holdings, Inc., a technology company, focuses on the development and deployment of artificial intelligence-based solutions for businesses in various industries worldwide. The company operates KanKan, a social media data intelligence platform. It also owns and operates various digital media properties that deliver content in various verticals, such as travel and entertainment, young adult lifestyle, and personal finance. The company was formerly known as Remark Media, Inc. and changed its name to Remark Holdings, Inc. in April 2017. Remark Holdings, Inc. was founded in 2006 and is headquartered in Las Vegas, Nevada.”

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The Study of Failure

“In my view, the Secretary of State, should not, as a general rule, go abroad on a serious negotiation unless the odds are heavily in his favor. Since in diplomacy the margins of decisions are narrow, the psychological element can be of great consequence. A reputation for success tends to be self-fulfilling. Equally, failure feeds on itself: A Secretary of State who undertakes too many journeys that lead nowhere depreciates his coin, And it is dangerous to rely on personality or negotiating skill to break deadlocks; they cannot redeem the shortcomings of an ill-considered strategy (Jones, Frank Leith. "Haig's 'Waterloo': lessons from a failure in international mediation." International Journal on World Peace, vol. 30, no. 3, 2013, p. 7+. Academic OneFile, http://link.galegroup.com/apps/doc/A344207024/AONE?u=sfpl_main&sid=AONE&xid=ea4391e1. Accessed 10 Dec. 2018.).”

Chart of the Day: Netshoes Limited

According to Yahoo!Finance, “Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Brazil and internationally.”

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The Study of Failure

“The IVEX Dam (Chagrin River, northeastern Ohio) failed catastrophically on 13 August 1994, releasing 38,000 [m.sup.3] (about 10 million gallons) of impounded water and sediment. This event was triggered by a 70-year rainfall event (13.54 cm of rainfall within 24-hours), resulting in flows 1.9 m above the top of the spillway and impinging on the top of the dam. The failure was the result of seepage piping at the toe of the dam, near the masonry spillway-earthen dam contact (EVANS, JAMES E., et al. "Lessons from a Dam Failure(1)." The Ohio Journal of Science, vol. 100, no. 5, 2000, p. 121. Academic OneFile, http://link.galegroup.com/apps/doc/A70361051/AONE?u=sfpl_main&sid=AONE&xid=cda9edfc. Accessed 10 Dec. 2018.).

Chart of the Day: Naked Brand Group

According to Yahoo!Finance, “Naked Brand Group Limited designs, manufactures, and markets intimate, apparel, and swimwear products worldwide.”

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The Study of Failure

“Heart failure is thought to arise when the kidneys, "protected" by bilateral stenoses, fail to mount a pressure natriuresis to high arterial pressure. The syndrome is therefore characterised by fluid retention rather than ventricular failure (Brammah, Alison, et al. "Bilateral renovascular disease causing cardiorenal failure. (Lesson of the week)." British Medical Journal, 1 Mar. 2003, p. 489+. Academic OneFile. Accessed 10 Dec. 2018.).”

More failure assessments found here.

Chart of the Day: SITO Mobile Ltd.

According to Yahoo!Finance, “SITO Mobile, Ltd. provides advertisement delivery, measurement and attribution, and consumer insights using its proprietary location-based marketing intelligence platform in the United States and Canada. The company was formerly known as Single Touch Systems, Inc. and changed its name to SITO Mobile, Ltd. in September 2014. SITO Mobile, Ltd. was incorporated in 2000 and is based in Jersey City, New Jersey.”

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The Study of Failure

“Despite his failure to foresee the August 1991 coup attempt and his loss of control of the direction of perestroika as a process, Gorbachev was a brilliant political chess master among the Soviet elite. However, he was not fully attuned to the plight of the common man and the depth of dissatisfaction with the government, especially outside Moscow (Blaney, John, and Mike Gfoeller. "Lessons from the failure of Perestroika." Political Science Quarterly, vol. 108, no. 3, 1993, p. 481+. Academic OneFile, http://link.galegroup.com/apps/doc/A14557928/AONE?u=sfpl_main&sid=AONE&xid=9381add2. Accessed 10 Dec. 2018.).”

Chart of the Day: Ascent Capital Group

According to Yahoo!Finance, “Ascent Capital Group, Inc., through its subsidiary, Monitronics International, Inc., provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises. It also offers home automation services, including remote activation and control of security systems, support for video monitoring, flood sensors, automated garage door and door lock capabilities, and thermostat integration; hands-free two-way interactive voice communication between its monitoring center and customers; and customer service and technical support related to home monitoring systems and home automation services. The company also provides maintenance and wholesale contract monitoring services to other security alarm companies. It markets and sells its products through a network of authorized dealers. The company was formerly known as Ascent Media Corporation and changed its name to Ascent Capital Group, Inc. in July 2011. Ascent Capital Group, Inc. was incorporated in 2008 and is based in Greenwood Village, Colorado.”

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The Study of Failure

“With the widespread flooding caused by Hurricane Katrina, many generators failed because they were underwater shortly after the storm hit. A common practice now is to elevate diesel generators and fuel tanks above typical storm-surge levels (Eoff, David. "Diesel generator failures: lessons taught by hurricanes." Power Engineering, Aug. 2007, p. 68+. Academic OneFile, http://link.galegroup.com/apps/doc/A168813994/AONE?u=sfpl_main&sid=AONE&xid=1f2240c0. Accessed 10 Dec. 2018.).”

Chart of the Day: JMU Limited

According to Yahoo!Finance, “JMU Limited operates a business-to-business online e-commerce platform that provides integrated services to suppliers and customers in the catering industry in the People's Republic of China. The company's platform networking services focus on local entertainment and lifestyle services, such as restaurants, movie theaters, and beauty salons, as well as allow local merchants to create online stores and make direct sales to their target customers for consumption at their brick and mortar stores. It primarily offers food ingredients, seasonings, alcoholic and non-alcoholic drinks, hotel appliances, tableware, kitchen appliances, office appliances, furniture, hotel and restaurant decoration, and hotel and restaurant information systems through its ccjoin.com Website, as well as mobile applications. The company was formerly known as JM WOWO and changed its name to JMU Limited in December 2016. JMU Limited was incorporated in 2011 and is headquartered in Shanghai, the People's Republic of China.”

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The Study of Failure

"Lafley, safely ensconced in retirement, entered the failure porn fray with a Harvard Business Review interview in 2011: 'I learned more from my failures than from my successes in all my years as a CEO. I think of my failures as a gift.'

"I'd venture to say that the nearly 10,000 P&G employees who have been or will be laid off in the wake of Lafley's failures do not think of them as a gift. But failure is working out well for Lafley: He returned to P&G as chief executive in 2013 to save the company from collapse, and in his first year back he received $19.5 million in compensation. For Lafley, learning from failure simply means dismantling much of what he built: P&G is selling off about half of its brands; most of those rumored to be on the block were acquired by Lafley in the past decade (Lewis, Geoff. "Failure Porn: There's Too Much Celebration of Failure and Too Little Fear (Posted 2014-12-04 17:00:14)." The Washington Post Dec 04 2014 ProQuest. 2 Dec. 2018.)"

Chart of the Day: Riot Blockchain

According to Yahoo!Finance, “Riot Blockchain, Inc. focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology. The company leverages its expertise and network to build and support blockchain technology companies. It builds a cryptocurrency mining operation and operates specialized computers that generate cryptocurrency, primarily Bitcoin. The company also holds interests in various activities, including purchasing and selling cryptocurrencies; providing accounting, audit, and verification services for blockchain based assets, such as cryptocurrencies; and developing TessPay, a payments ecosystem for component and sub-component supply chain settlements, and other blockchain solutions for telecommunications companies. As of March 31, 2018, approximately 3,500 of the miners were installed and operating. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017.”

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The Study of Failure

"One founder I've backed told me that he'd learned "to only work on things where I'm freaking scared of failing, because that means the stakes are high." When you believe your vision is important, celebrating failure of any sort would be perverse (Lewis, Geoff. "Failure Porn: There's Too Much Celebration of Failure and Too Little Fear (Posted 2014-12-04 17:00:14)." The Washington Post Dec 04 2014 ProQuest. 2 Dec. 2018.)"

Chart of the Day: Alio Gold

According to Yahoo!Finance, “Alio Gold Inc., through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico. The company was formerly known as Timmins Gold Corp. and changed its name to Alio Gold Inc. in May 2017.”

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The Study of Failure

"Empirically, it's not clear that an entrepreneur can learn anything from failure. Even the most successful start-ups have multiple major problems -- such as team conflict, destructive board members, no clear path to profitability, out-of-control marketing costs, lawsuits, lackluster product features and painfully long sales cycles -- at any given time. Any of these issues, alone or combined, could lead to failure, so isolating the precise cause of failure and anticipating how to avoid it next time are almost always impossible (Lewis, Geoff. "Failure Porn: There's Too Much Celebration of Failure and Too Little Fear (Posted 2014-12-04 17:00:14)." The Washington Post Dec 04 2014 ProQuest. 2 Dec. 2018.)"

Chart of the Day: Marathon Patent Group

According to Yahoo!Finance, “Marathon Patent Group, Inc. focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc. in February 2013.”

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The Study of Failure

"By recasting real failures as mere pivots, Ries gives short shrift to the extraordinary tenacity exhibited by the YouTube, Twitter and Groupon founders. And by offering the pivot as an omnipresent crutch, a movement that aims to help founders avoid failure inadvertently reduces the prospect of failure to an afterthought. Until it's not. You don't hear about the thousands of start-ups that fail to pivot their way to success each year. They die quietly (Lewis, Geoff. "Failure Porn: There's Too Much Celebration of Failure and Too Little Fear (Posted 2014-12-04 17:00:14)." The Washington Post Dec 04 2014 ProQuest. 2 Dec. 2018.)"

Chart of the Day: Southcross Energy Partners

According to Yahoo!Finance, “Southcross Energy Partners, L.P., together with its subsidiaries, provides natural gas gathering, processing, treating, compression, and transportation services in the United States. The company also offers natural gas liquid (NGL) fractionation and transportation services.”

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The Study of Failure

"…the understated acceptance of failure that propelled Silicon Valley for decades has morphed into something dangerous: failure porn. ‘Failure’ as fast fashion, peddled by wildly successful people, packaged for mass consumption, that is no more reflective of real failure than commercially produced pornography is of real sex. People seem to forget that start-up founders can endure years of psychological trauma for naught, employees can lose their jobs and investors can lose significant money. Rather than being a springboard to greatness, failure can simply be devastating (Lewis, Geoff. "Failure Porn: There's Too Much Celebration of Failure and Too Little Fear (Posted 2014-12-04 17:00:14)." The Washington Post Dec 04 2014 ProQuest. 2 Dec. 2018.)"

Chart of the Day: National American University Holdings

According to Yahoo!Finance, “National American University Holdings, Inc. owns and operates National American University (NAU) that provides professional and technical postsecondary education primarily for working adults and other non-traditional students in the United States.”

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The Study of Failure

"Yet the rigorous scientific idea of planned failure is routinely applied to the mess and scuffle of human affairs, where it may have little or no relevance. We may simply be telling ourselves that failure is a good thing because, after all, failure is inevitable. If it must be endured, why not learn to enjoy it?

"In that way, we treat our failures like we do those embarrassingly awkward slips on the ice, after which we rise and claim: 'I meant to do that.' (Keller, Julia. "DOT-COMERS MAKE FAILURE SEEM FASHIONABLE BUT ONLINE AND IN LIFE, THE NEW FAILURE'S DAYS MAY BE NUMBERED. IT IS STARTING TO LOOK LIKE THE "OLD" FAILURE." Orlando Sentinel Dec 06 2000: E1. ProQuest. 2 Dec. 2018)."

Chart of the Day: Ideal Power

According to Yahoo!Finance, “Ideal Power Inc. develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology. The B-TRAN Division develops its Bi-directional bi-polar junction TRANsistor solid state switch technology.”

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The Study of Failure

"Whenever we're engaged in any activity we deem important, and the judgment of failure is applied against it from some quarter we also deem important, we recoil and try to disassociate ourselves from the failure as quickly as possible.

"Because being identified with failure is so offensive, we're often tempted to blame it on circumstances rather than our performance. While it's human enough and, therefore, forgivable, this bit of self-deception keeps us from learning from our mistakes (Cox, Allan. (1986, May 05). Failure to admit failure could bring failure on the job. Seattle Times Retrieved from http://ezproxy.sfpl.org/login?url=https://search-proquest-com.ezproxy.sfpl.org/docview/385073486?accountid=35117.)