April 13, 2004
Studying Failure
Posted by Gordon Smith

Synergy Fest pointed me to a press release on the Stanford Business School's website entitled "Failure is the Key to Understanding Success." This summarizes work by Jerker Denrell, who purports to have discovered a deep secret of organizations research: don't forget to study failure if you want to understand success.

This is an area of striking contrast between law professors and business professors. While business professors fret about sampling biases in favor of successful events, law professors almost uniformly study failures. The bread and butter of our teaching and research remains the judicial opinion, and most judicial opinions (at least in my areas of law) are the end result of badly fractured relationships. It's no wonder lawyers tend to be a cynical lot.

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Comments (1)

1. Posted by on April 13, 2004 @ 9:55 | Permalink

Studying Failure? Indeed.

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