Journal articles: 'Business failures'

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Cannon, David M., Joseph H. Godwin, and Stephen R. Goldberg. "Business failures and solutions." Journal of Corporate Accounting & Finance 21, no. 5 (June 22, 2010): 69–71. http://dx.doi.org/10.1002/jcaf.20614.

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Zhu, Xia, and Judy Zolkiewski. "Exploring service failure in a business-to-business context." Journal of Services Marketing 29, no. 5 (August 10, 2015): 367–79. http://dx.doi.org/10.1108/jsm-02-2014-0055.

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Purpose – This study aims to explore how business-to-business service failures manifest in a manufacturing context. Design/methodology/approach – The empirical research involved two case studies: case study one included 20 interviews in the metal finishing industry; case study two included 20 interviews in the paint and coatings industry. In both case studies, suppliers and customers’ perceptions were obtained to facilitate a dyadic understanding of the phenomena. Findings – Business-to-business service failure is a complex, dynamic and interactive process. It varies according to type of service, services supporting the products and services supporting the customers, service quality dimensions and the source of the failure. It can have a more profound impact than service failure in a consumer context because it may cause disruption to customers’ production and have a negative influence of failure on their clients in the network. Research limitations/implications – Business customers may play a role in value co-destruction rather than value co-creation by causing service failures due to errors on their part. The consequences of the domino effects revealed in this study need to be given careful consideration by managers. The research is exploratory, and the findings may be influenced by the manufacturing sector in which the case study firms are based. Originality/value – Business-to-business service failure has its own distinct characteristics, as it may impact widely in the business-to-business network. Domino effects implicitly dominate business-to-business service failure episodes where negative outcomes cascade downstream and affect service recipients’ customers.

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Archibald, Robert B., and Samuel H. Baker. "Aggregate Business Failures and Federal Credit Activity." Public Finance Quarterly 16, no. 2 (April 1988): 219–43. http://dx.doi.org/10.1177/109114218801600205.

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We build and test a model of aggregate business failures that explicitly accounts for the role of federal credit programs, as well as private lending decisions. The model focuses on federal credit activities directed at potentially failing firms as well as forecasting errors by lenders, business balance sheet fragility, and business starts. We construct an adjusted business failure rate with two multiplicative components—the unadjusted business failure rate and the average size of failing firms. Our results suggest that federal credit activities have two unintended effects: Direct loan programs allocate funds to firms that are more viable than those crowded out, and loan guarantee programs increase the average size of failing firms by permitting small firms to grow and become larger failures. In addition, we find that balance sheet fragility interacted separately with both firm-specific errors and errors concerning aggregate profitability and that credit availability explains the adjusted business failure rate.

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Williamson, Stephen D. "Financial Intermediation, Business Failures, and Real Business Cycles." Journal of Political Economy 95, no. 6 (December 1987): 1196–216. http://dx.doi.org/10.1086/261511.

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Mishra, Chandra S., and Ralph Drtina. "Accounting Manipulations and Business Failures." Journal of Private Equity 7, no. 4 (August 31, 2004): 27–35. http://dx.doi.org/10.3905/jpe.2004.434764.

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Boritz, J. Efrim, Duane B. Kennedy, and Jerry Y. Sun. "Predicting Business Failures in Canada*." Accounting Perspectives 6, no. 2 (May 2007): 141–65. http://dx.doi.org/10.1506/g8t2-k05v-1850-52u4.

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Hemraj, Mohammed B. "How to combat business failures." Journal of Financial Crime 12, no. 2 (April 2005): 178–84. http://dx.doi.org/10.1108/13590790510624891.

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Leffler, Olof. "Market Failures and Moral Failures: A Dilemma." Public Affairs Quarterly 38, no. 2 (April 1, 2024): 153–71. http://dx.doi.org/10.5406/21520542.38.2.04.

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Abstract I present a dilemma for the market failures approach to business ethics. On an orthodox interpretation, it takes moral requirements for businesses to require them not to profit from market failures to approximate Pareto efficiency. On a moralized interpretation, it also incorporates other considerations. However, the orthodox approach is extensionally inadequate, for it is legitimate to profit from many of the allegedly ruled-out market failures. The moralized approach does better but fails to be sufficiently comprehensive. First, it has not been shown why we ought to adhere to any particular limited subset of norms of and for the market. Second, we have a very general reason to mitigate the moral horror of the world, which indicates that the market failures approach is too arbitrarily restricted.

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J. Sibanda, Jubilant, and David Charles Manda. "Symptoms of accounting practices that contribute to small business failures." Problems and Perspectives in Management 14, no. 4 (December 23, 2016): 194–202. http://dx.doi.org/10.21511/ppm.14(4-1).2016.08.

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The purpose of this study was to examine and evaluate SMEs’ implementation of minimum accounting practices which are some of the real underlying symptoms that lead to small and medium-size (SMEs) business failures, especially in rural and semi-urban areas. The study was conducted in Thohoyandou, the Central Business District (CBD) of Thulamela Municipality in the Vhembe district in Limpopo province, South Africa. The study used data based on responses to a structured questionnaire from randomly selected SMEs in Thohoyandou, an area whose SME business environment is similar to the challenges and opportunities faced by many other rural and semi-urban areas in South Africa. Due to cost and time constraints, the study sample was limited to 40 SMEs. The study findings confirm that SMEs often fail to comply with fundamental accounting practices like maintaining complete accounting records, which limits business information vital for decision making, as they think there is no need to keep them and that it exposes their financial position. The relevance of the study is to show how non-adherence to adequate accounting practices can negatively affect SMEs financial performance which consequently contribute to their inevitable failure. The study recommends development of training policy guidelines to sensitize SMEs of the need to comply with relevant accounting practices including internal controls and the legal requirements. Keywords: accounting practices, SMEs, symptoms, record keeping, failures. JEL Classification: M41

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Souza, Ashley D., and Chandrashekhar R. "Application of Altman’s Z-score model in predicting business failures of selective hospitality companies in India." BOHR International Journal of Finance and Market Research 2, no. 1 (2023): 44–49. http://dx.doi.org/10.54646/bijfmr.2023.20.

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Business failure and bankruptcy are the two words that create panic among stakeholders of the organization. However, with a challenging environment, businesses feel the heat and struggle to make big in the long run. It is recommended to foresee the warning signs and predict business failures to avoid company-specific catastrophes. Numerous predictive models were developed over the last six to seven decades, and among many, Altman’s Z-score model is considered one of the highly reliable models in predicting business failure. The purpose of the research is to find out the financial performance of the companies selected for the study and to identify whether business failure can be predicted in advance to manage future risks. This paper considers Altman’s Z-score model that is used to predict business failures of public companies. A total of 10 hospitality organizations listed in the National Stock Exchange of India are considered for the study. The study analyzes the 5-year financial data from the 2018 to 2022 period. The study reveals that hospitality companies in India are undergoing a difficult phase post-pandemic. Nine out of ten companies selected for the study showed signs of bankruptcy as Altman’s Z-score of companies considered for the study is lower than 1.8 which is in the distress zone.

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Akoto, Dickson. "Assessing Business Failures in Ghana; Case Study of Selected Businesses." International Journal of Accounting, Finance and Risk Management 7, no. 1 (2022): 20. http://dx.doi.org/10.11648/j.ijafrm.20220701.13.

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Yip, Angela Y. N. "Business Failure Prediction: A Case-Based Reasoning Approach." Review of Pacific Basin Financial Markets and Policies 09, no. 03 (September 2006): 491–508. http://dx.doi.org/10.1142/s021909150600080x.

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Case-based reasoning (CBR) is a problem-solving paradigm that uses past experiences to solve new problems. Nearest neighbor is a common CBR algorithm for retrieving similar cases, whose similarity function is sensitive to irrelevant attributes. Taking the relevancy of the attributes into account can reduce this sensitivity, leading to a more effective retrieval of similar cases. In this paper, statistical evaluation is used for assigning relative importance of the attributes. This approach is applied to predict business failures in Australia using financial data. The results in this study indicate it is an effective and competitive alternative to predict business failures in a comprehensible manner. This study also investigates the usefulness of non-financial data derived from auditor's and directors' reports for business failure prediction. The results suggest that the particular non-financial attributes identified are not as effective as the financial attributes in explaining business failures.

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ARDITI, DAVID, ALMULA KOKSAL, and SERDAR KALE. "Business failures in the construction industry." Engineering, Construction and Architectural Management 7, no. 2 (February 2000): 120–32. http://dx.doi.org/10.1108/eb021137.

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Arditi, David, Almula Koksal, and Serdar Kale. "Business failures in the construction industry." Engineering Construction and Architectural Management 7, no. 2 (June 2000): 120–32. http://dx.doi.org/10.1046/j.1365-232x.2000.00143.x.

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KAYA, Halil Dincer. "The Business Cycle and Bank Failures." Journal of Advanced Studies in Finance 9, no. 1 (October 26, 2018): 5. http://dx.doi.org/10.14505//jasf.v9.1(17).01.

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In this study, we examine the relation between the business cycle and bank failures in the US. We first look at the frequency of bank failures across expansionary and recessionary periods. Then, we examine the treatment of the failed banks by the FDIC across expansionary and recessionary periods. Finally, we compare the failed banks’ characteristics like total deposits, total assets, and estimated losses across expansionary and recessionary periods. Our results show that the 2001 recession was not a significant period in terms of bank failures. In fact, in terms of failures, the 2001 recession was not worse than the expansionary periods that come before and after it. However, our findings indicate that the 2008 recession has been much more severe compared to the 2001 recession and the expansionary periods. Also, the failed banks during the 2008 recession have been much larger firms with significantly higher loss figures when compared to the banks that failed during the 2001 recession and the expansionary periods. Our results also show that the banks that failed during the 2001 recession had similar characteristics to the banks that failed during the expansionary periods.

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Toussaint-Comeau, Maude, Yi David Wang, and Robin Newberger. "Impact of Bank Closings on Credit Extension to Businesses in Low-Income and Minority Neighborhoods." Review of Black Political Economy 47, no. 1 (November 14, 2019): 20–49. http://dx.doi.org/10.1177/0034644619885343.

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New research is surfacing since the last financial crisis, not only to help predict risks associated with bank failures but also to assess the impact of bank failures on the economy and local geographies. However, although bank failures occurred mostly among small (community) banks, much less is understood regarding how the closing of mission-oriented community banks, or minority-owned banks, affect traditionally underserved markets, areas such failed banks were designed to serve. We conduct an empirical investigation testing the effects of bank closings on local areas. We find that, as a result of bank closings, there are significant frictions with small businesses obtaining credit, which appear to be potent enough to cause cumulative declines in aggregate small business lending in neighborhoods, lasting up to 3 years. We also find evidence that such lending shocks have repercussions on small business growth. We find that the closing of large banks also has an impact on small business lending, consistent with previous research, which has shown that as small businesses lose credit from large banks, they are not able to switch easily to other banks, leading to a decline in aggregate lending in local areas. We find this to be true for low- or moderate-income (LMI) and minority businesses/neighborhoods. We also find that the failure of community development financial institutions (CDFIs) and minority depository institutions (MDIs) leaves a credit void that may not automatically be filled in LMI and minority neighborhoods.

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Ramadhan, Aldi Akbar, Ibrahim Hasan, Muhamad Delvin Azzahra, Muhamad Rizki Akbar, Mira Nurfitriya, and Azizah Fauziyah. "The Effect of Conflict of Interest and Lack of Innovation on Family Business Failure." Proceedings Series on Social Sciences & Humanities 15 (January 18, 2024): 15–20. http://dx.doi.org/10.30595/pssh.v15i.918.

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Failure in a family business can result in interpersonal tensions and serious financial problems. Factors such as lack of planning, conflicts of interest and lack of innovation can lead to such failures. The difficulty in maintaining a balance between personal and professional relationships is often a major challenge in family businesses. The purpose of this study is to identify the factors that lead to family business failure, evaluate the associated risks, and explore the recovery actions that can be taken. This research uses a quantitative method with a descriptive verification approach to collect and analyze data. The object of this research is a family business owned by a student family in Tasikmalaya. The results of this study indicate that conflicts of interest and innovation have an effect of 80.5% on the failure of family businesses owned by UPI Tasikmalaya campus students. This proves that if there is a conflict of interest and innovation in the family business that is not immediately resolved properly, the family business will fail.

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Tóthová, Alena, and Miroslav Tóth. "Successes and Failures of Family Business in Slovakia." SHS Web of Conferences 83 (2020): 01068. http://dx.doi.org/10.1051/shsconf/20208301068.

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Family businesses are part of the world's economies, with an estimated 70-90% share of total performance. The history of family business in Slovakia is not continuous, so we can examine its level from the last 30 years of experience at most. The paper is focused on research of financial results of Slovak family enterprises, their confrontation with other types of enterprises, searching for trends in the level of their financial indicators and finally on the dependence between results and environment. In the research were used several methods, from which we can name mainly analysis, synthesis, comparison, mathematical-statistical methods. The obtained outputs are intended to identify strengths and weaknesses of family business in Slovakia.

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Alojonovich, Rashidov Rahmatullo. "THE NEED FOR GOVERNMENT REGULATION OF SMALL BUSINESS." International Journal Of Management And Economics Fundamental 03, no. 01 (January 1, 2023): 13–20. http://dx.doi.org/10.37547/ijmef/volume03issue01-02.

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Currently, there are different opinions about the reasons for state regulation of the small business sector. According to the traditional theory, the government should intervene in the economy when the market fails to allocate resources efficiently, resulting in market "failure". In the framework of welfare theory, it is emphasized that the reason for market "failures" is not only monopoly, but also the existence of externalities (externalities). This article discusses the factors and functions affecting the regulation of small business by the state, and provides analytical information on its share in the main types of economy.

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Agostini, Marisa. "Two common steps in firms’ failing path." Risk Governance and Control: Financial Markets and Institutions 3, no. 1 (2013): 108–21. http://dx.doi.org/10.22495/rgcv3i1c1art5.

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This paper aims to identify two steps which are common to the path of all failing firms and result from their financial statements. Their identification support the explanation of business failure (in both fraud and no-tort cases) as encouraged by authoritative literature (Cybinski, 2001; Parker, 2012). The analysis has been conducted through all the fraud cases (and the matched not-tort cases) mentioned by WebBRD. It has been developed through different phases: content analysis for the identification and categorization of micro-failures, a deep analysis of time variable and the implementation of survival analysis for the failing path explanation. This paper shows that, during the failing path, firms encounter two “steps” (i.e. micro-failures and macro-failures) that make the process neither atypical nor sudden at the same time. After the identification of the relevant micro-failures, a survival analysis has been implemented to demonstrate that fraud lets firms earn time in the path to macro-failure, but its disclosure make firms fall down macro-failure very fast. This paper sight to encourage business failure explanation and fraud deterrence: fraud lets firms earn time and hope more to avoid macro-failure, but, after the disclosure moment, fraud firms fall down macro-failure faster than not-tort firms. The results suggest that only after a such explanation of business failure, its prediction can be properly conducted. This paper examines in an original way failure as a path and emphasizes relations between time dimension, failure stages and accounting information.

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Gidener, Nazlı Gülfem, and Durmuş Ali Deveci. "An Analysis of Service Failures and Recovery Strategies in the Turkish Third Party Logistics Service Industry." Transactions on Maritime Science 9, no. 1 (April 20, 2020): 35–50. http://dx.doi.org/10.7225/toms.v09.n01.003.

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Service literature indicates that both service failure and service recovery have a strong impact on the business relationships between service providers and their customers. The purpose of this research is twofold: to explore and analyze the most common service failures and implemented recovery strategies in Turkish third party logistics service industry and examine their impact on business relationships. Critical Incident Technique (CIT) was used. Thus, information on critical incidents were collected from both third party logistics service providers (3PLs) and their customers, failures and recovery strategies were categorized and the impact of service failures and recovery strategies on future relationships between customers and 3PLs examined. The findings indicate that service failures are most frequently encountered in customer services and port operations and that symbolic service recovery is the most common recovery strategy implemented by third party logistics service providers. The findings also show that third party logistics service providers and carriers are the most common sources of failure in third party logistics services.

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Koks, Elco, Raghav Pant, Scott Thacker, and Jim W. Hall. "Understanding Business Disruption and Economic Losses Due to Electricity Failures and Flooding." International Journal of Disaster Risk Science 10, no. 4 (September 24, 2019): 421–38. http://dx.doi.org/10.1007/s13753-019-00236-y.

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Abstract Failure of critical national infrastructures can cause disruptions with widespread economic impacts. To analyze these economic impacts, we present an integrated modeling framework that combines: (1) geospatial information on infrastructure assets/networks and the natural hazards to which they are exposed; (2) geospatial modeling of the reliance of businesses upon infrastructure services, in order to quantify disruption to businesses locations and economic activities in the event of infrastructure failures; and (3) multiregional supply-use economic modeling to analyze wider economic impacts of disruptions to businesses. The methodology is exemplified through a case study for the United Kingdom. The study uses geospatial information on the location of electricity infrastructure assets and local industrial areas, and employs a multiregional supply-use model of the UK economy that traces the impacts of floods of different return intervals across 37 subnational regions of the UK. The results show up to a 300% increase in total economic losses when power outages are included in the risk assessment, compared to analysis that just includes the economic impacts of business interruption due to flooded business premises. This increase indicates that risk studies that do not include failure of critical infrastructures may be underestimating the total losses.

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Benabbad Touirs, Bahia. "Boeing Co: Ethical Failures and Business Scandals." Journal of Global Awareness 4, no. 2 (December 21, 2023): 1–11. http://dx.doi.org/10.24073/jga/4/02/09.

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Recent advances in technology have completely changed people’s outlook on the world. Instant access to limitless information has revamped consumer behavior and expectations from the companies they interact with; therefore, social responsibility has become a crucial talking point in the business world as customers increasingly monitor their actions. A recent study showed that 70% of consumers want to know how brands are addressing social and environmental issues, and 46% of consumers believe it plays a decisive factor in their purchasing decision process (Duan, Hofer, & Aloysius, 2021). Even though this has its effects in every industry, this paper will focus on the aircraft manufacturer Boeing Co. Aviation is a rapid worldwide method of transportation; it is essential for modern globalization and global business as it facilitates trade and economic growth (Uniting Aviation, 2018). Given its significant impact on business and the high risks or consequences of unethical business practices, the commercial airlines production is under more scrutiny. Boeing Co. has found itself under heavy public scrutiny after two of the newly designed 737 MAX planes crashed in 2018-2019, costing the lives of over 300 passengers and crew members. To gain profits, Boeing Co. looked to upcharge commercial airlines on unconventional basic safety systems and ‘cut corners’ with regulatory agencies such as the Federal Aviation Administration by downplaying the upgrades in the new aircraft to avoid retraining and informing pilots of said new systems. In addition to this, the company fell incredibly short in its response and in its approach to addressing the incidents to the public (Peterson, 2021). This article will discuss in detail the organizational culture of Boeing Co., how their focus on economic success over ethical practices has stained their history in the aviation industry, and how the company works to overcome their unethical past for a prosperous future.

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Suwito, Suwito. "The Chain of Business Failures Village Owned Enterprises Gain Profits and Create Community Welfare." ATESTASI : Jurnal Ilmiah Akuntansi 5, no. 1 (March 7, 2022): 33–45. http://dx.doi.org/10.33096/atestasi.v5i1.945.

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This study aims to uncover the chain of Village Owned Enterprises (BUMDes) business failures in the West Halmahera Regency. BUMDes business is a village government business that is run to achieve the goals of profit and society welfare. Empirical facts show that after the Village formed BUMDes and made a sizeable Equity Participation in BUMDes, what happened was that BUMDes BUMdes businesses experienced suspended animation. As a result, until now, the existence of BUMDes has not been able to contribute to Village Original Revenue and improve the welfare of rural communities as expected by the Village and the Community. The researcher uses a qualitative approach with the Transcendental Phenomenology method to achieve this goal. The research information includes elements of the village government, BUMDes managers, and village communities who have been in contact with BUMDes. The study results provide evidence that the failure of the BUMDes business is caused by the high conflict of interest of the village head and the indifference of the Village Consultative Body (BPD) towards BUMDes. This research contributes both theoretically to the development of regional financial management science and being information material for the West Halmahera Regency Government to make it easier for local governments to break the chain of failure of the BUMDes business.

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Suwito, Suwito, and Abdullah W. Jabid. "The Chain of Business Failures Village Owned Enterprises Gain Profits and Create Community Welfare." Atestasi : Jurnal Ilmiah Akuntansi 5, no. 1 (March 8, 2022): 33–45. http://dx.doi.org/10.57178/atestasi.v5i1.20.

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This study aims to uncover the chain of Village Owned Enterprises (BUMDes) business failures in the West Halmahera Regency. BUMDes business is a village government business that is run to achieve the goals of profit and society welfare. Empirical facts show that after the Village formed BUMDes and made a sizeable Equity Participation in BUMDes, what happened was that BUMDes BUMdes businesses experienced suspended animation. As a result, until now, the existence of BUMDes has not been able to contribute to Village Original Revenue and improve the welfare of rural communities as expected by the Village and the Community. The researcher uses a qualitative approach with the Transcendental Phenomenology method to achieve this goal. The research information includes elements of the village government, BUMDes managers, and village communities who have been in contact with BUMDes. The study results provide evidence that the failure of the BUMDes business is caused by the high conflict of interest of the village head and the indifference of the Village Consultative Body (BPD) towards BUMDes. This research contributes theoretically to the development of regional financial management science and information material for the West Halmahera Regency Government to make it easier for local governments to break the chain of failure of the BUMDes business.

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Shepherd, Dean A., and Johan Wiklund. "Successes and Failures at Research on Business Failure and Learning from It." Foundations and Trends® in Entrepreneurship 2, no. 5 (2006): 1–35. http://dx.doi.org/10.1561/0300000007.

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Joung, Junegak, Ki-Hun Kim, and Kwangsoo Kim. "Data-Driven Approach to Dual Service Failure Monitoring From Negative Online Reviews: Managerial Perspective." SAGE Open 11, no. 1 (January 2021): 215824402098824. http://dx.doi.org/10.1177/2158244020988249.

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Monitoring of dual service failures (e.g., trends in service failures and consecutive service failures) in business is emphasized for service quality management. Previous studies analyzing negative online reviews to conduct dual service failure monitoring from a managerial perspective are scarce. Numerous negative online reviews are useful sources for dual service failure monitoring because they can be easily collected at a low cost. This article proposes a data-driven approach to monitor service failure trends and consecutive service failures from negative online reviews. In the proposed approach, first a classifier is developed to categorize newly collected negative reviews into service failures by Latent Dirichlet allocation. Subsequently, a threshold value is provided to identify a new type of service failure, which was not achieved previously using a control chart. Finally, the probability of consecutive service failures is obtained by association rule mining. A case study of Uber is conducted to validate the proposed approach. The results exhibit that the proposed approach can perform dual service failure monitoring. This study can increase marketing intelligence for dynamic management of service failure and allow rapid responses to service failures.

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Kušter, Denis. "Financial ratio indicators as early predictors of business failure: Evidence from Serbia." Anali Ekonomskog fakulteta u Subotici, no. 00 (2022): 5. http://dx.doi.org/10.5937/aneksub2200005k.

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The problem of corporate bankruptcies has intrigued the scientific community for years due to its practical significance. There is no country whose economic well-being is not affected by business failures. The research problem stems from the lack of analyses related to the issue of business failures in the the Republic of Serbia. The main aim of this research paper is to determine whether ratio indicators are relevant in predicting business failure one, two and three years before bankruptcy proceedings start. The research was conducted on a sample of 100 companies from the territory of Serbia. The data for ratios calculation was taken from the official website of the Business Registers Agency. Statistical analysis is based on Mann-Whitney test, which is used to identify differences between two groups with respect to a variable (ratio). The test was conducted in IBM's SPSS v.26 tool. Results of the research indicate that financial ratios can be useful for business failure prediction even three years before bankruptcy proceedings start, since there are statistically significant differences in ratio values between bankrupt and solvent companies.

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Soualih, Yassine. "Le respect des delais de paiement : Ancrage a deployer pour soutenir les PME marocaines." RMd. Economics, Management & Social Sciences 1, no. 3 (July 2024): e202401. http://dx.doi.org/10.23882/emss24069.

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This study aims to assess the impact of longer payment terms on the survival of Moroccan SMEs. The data collected and processed by Bank Al-Maghrib and the Observatory of payment delays in Morocco, converge towards the same unique observation, that Moroccan VSEs are the first victims of payment delays, with customer delays exceeding 8 months in 2021. This study highlights the challenges faced by these companies, and explores the legislative measures that could improve their situation. Using a methodological approach based on narrative synthesis and the analysis of quantitative data, the study highlights the positive impact of respecting payment deadlines on the growth and sustainability of Moroccan SMEs. According to a survey conducted by the World Bank, late payment is the cause of 35% of business failures in Morocco. A strong correlation is becoming evident between payment delays and business failures, with nearly 40% of failures caused by late payment. Since 2010, late payments have been the leading cause of business failure.

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Liu, Li. "Analysis on Pragmatic Failures in Cross-Cultural Business Negotiation Interpretation." Journal of Education and Educational Research 6, no. 3 (December 10, 2023): 97–101. http://dx.doi.org/10.54097/9cbyyc29.

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As economic and social development deepens, cross-cultural communication is also gaining more and more attention. English interpreting is an integral part of international business negotiations. Pragmatic failures in business negotiation interpreting can directly affect the quality of negotiation communication, and sometimes even lead to misunderstandings and the breakdown of negotiations. Reducing the pragmatic failures in interpreting in negotiations and improving interpreting skills can play a positive role in facilitating international trade negotiations. Based on Leech's and other scholars' research on pragmatic failures, this paper discusses the manifestations of cross-cultural pragmatic failures in business negotiation interpreting from the perspectives of pragmalinguistic and sociopragmatic failures, and analyzes the causes of the resulting pragmatic failures in detail. Interpreters should not only focus on language ability and interpreting skills, but also on the cultivation of intercultural awareness and pragmatic competence and thus promote international business negotiations.

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Lumpkin, James R., and R. Duane Ireland. "Screening Practices of New Business Incubators: The Evaluation of Critical Success Factors." American Journal of Small Business 12, no. 4 (April 1988): 59–81. http://dx.doi.org/10.1177/104225878801200404.

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New firms are an important mechanism through which new jobs are created. However, the new venture failure rate is greater than the rate of creation. Business incubators have been organized to bring new businesses together to increase the probability of success. Incubators do not guarantee success; however, evaluating potential clients on Critical Success Factors can minimize failures once the firm joins an incubator. This research investigates the screening practices of incubators and identifies unique groups of incubators. The screening practices were found to relate to sponsorship but not to physical characteristics or objectives.

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Hubler, Thomas M. "Family Business Consultants as Leaders." Family Business Review 11, no. 3 (September 1998): 187–92. http://dx.doi.org/10.1111/j.1741-6248.1998.00187.x.

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Consulting and working as an advisor to family businesses are awesome responsibilities. The interventions and advice we give will in some instances have an impact on a family for generations. As a result, it is critical to understand what factors create success as well as failure. In most instances, understanding our failures provides the richest opportunity to create future benefits for our clients. Accepting this challenge of learning from our mistakes requires courage and leadership to explore and understand our own depths and the five common shadows facing family business consultants and advisors. For those of us who take the risk and accept the challenge, the benefits are enormous—not only for ourselves and our profession but more importantly for our clients who are the recipients of our work.

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Kale, Serdar, and David Arditi. "Business Failures: Liabilities of Newness, Adolescence, and Smallness." Journal of Construction Engineering and Management 124, no. 6 (December 1998): 458–64. http://dx.doi.org/10.1061/(asce)0733-9364(1998)124:6(458).

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Liu, Jia. "BUSINESS FAILURES AND MACROECONOMIC FACTORS IN THE UK." Bulletin of Economic Research 61, no. 1 (January 2009): 47–72. http://dx.doi.org/10.1111/j.1467-8586.2008.00294.x.

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R, Seenivasan. "The successful and failure of entrepreneurs of small industrial business with emphasis on their level of education and training." Journal of Management and Science 10, no. 1 (February 20, 2020): 56–63. http://dx.doi.org/10.26524/jms.2020.7.

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This paper examines the determinants of business start-up, long and short-term success, and failure of small businesses. Entrepreneurs and small firm success and failure have been the subject of extensive research. It is important to understand the external, internal, and motivational factors responsible for business start-up, the barriers faced during the initial and continuous stages of trading and the advice and assistance available to entrepreneurs. This paper is aiming in explaining the main factors are related to successful and failure of entrepreneurs in small industrial business in Ahvaz city. Based on a random sampling 51 enterprisers marked as successful and failures are selected. The data collected based on a triangulation method (interview, questionnaire, and observation). The results show that: a- from the failure entrepreneurs point of view the following issues were important effects on their weak performance and failure their business: weak managing technical skills, financial issues, planning and organizing of their business, economic issues, informal issues, weak managingconceptual skills, personnel skills, education and low training, and weak human relation. b- from the successful entrepreneurs point of view the following issues were important effects on their high performance in their business: suitable managing technical skills, selecting appropriate personnel with relevant skills, education and paying more attention to personnel training,application of management conceptual skills, financial issues, better human relation, recognizethe economic situation, planning and organizing of their business and informal issues.

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Nte, Ngboawaji Daniel, Kenneth Nduka Omede, and Shad Ahmad Khan. "Why Competitive Intelligence Fail: Interrogating the Correlates of CI Failure in the Nigerian Brewery Industry." Jurnal Ekonomi Akuntansi dan Manajemen 22, no. 2 (September 28, 2023): 128. http://dx.doi.org/10.19184/jeam.v22i2.38785.

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Globally, as businesses grapple with uncertainties and challenges of growth and expansion, competitive intelligence failure has remained an obvious reality. This work therefore attempts to evaluate the intervening variables underlying the menace of competitive intelligence failure in the business world. Specifically, the study identifies the factors responsible for CI failures in the brewery industry in Nigeria. The identified factors include; lack of planning and management skills by managers and top company executives, faulty business decision making process and implementation by management and lack of coordinated organisational culture and political climate in the brewery industry in the country. In reaching these analytical premises, the study adopted a quantitative evaluation of some breweries in Nigeria to determine the pattern and trends of the competitive intelligence correlates and offered corresponding recommendations that will help to mitigate the menace of competitive failure in Nigeria. Key Words: Competitive Intelligence, Correlates, Failure, Nigeria, Brewery Industry

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Subedi, Chet Narayan. "Application of Data and Management in Engineering Sector." Journal of Advance Research in Business Management and Accounting (ISSN: 2456-3544) 4, no. 9 (September 30, 2018): 01–09. http://dx.doi.org/10.53555/nnbma.v4i9.26.

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In this 21st century, the engineering complexity has increased drastically. Almost all the engineering problems are interdisciplinary, that means, the experts from different backgrounds (for instance, engineering, management, data analytics, etc.) are essential to solve any real time problems. The history is very affluent with many examples of project failures due to poor or inappropriate perspective. The project failures might be construction failure, start-up failure, business failure, management failure, etc. However, on the other side, there are many successful case examples which are implemented with effective management skills. Some examples include banishing darkness from Himalayan nation ‘Nepal’, travel management among millions of sports enthusiasts in 2012 London Olympics, fund raising in 2008 presidential campaign in United States of America, etc. This paper focuses on real time problems faced by most of the African countries with their isolation in online global business trend due to poor management skills. Some case examples of good management skills are presented at the end of this paper.

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YÜKÇÜ, Süleyman, and Selda KORGA. "THE RELATIONSHIP BETWEEN RISK AND COST OF QUALITY: THE CASE OF JESSE LANGFORD." PRIZREN SOCIAL SCIENCE JOURNAL 7, no. 2 (August 31, 2023): 48–61. http://dx.doi.org/10.32936/pssj.v7i2.426.

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Risk permeates every moment of life, impacting both individuals and businesses through their activities. While certain risks encountered have a minimal likelihood of materializing, others possess a considerable probability. Preventing risks in life entails averting failures. The most effective approach to preventing failures, both in business and all aspects of life, is through proactive measures that eliminate the underlying causes of failure before they occur. Engaging in prevention activities is invariably more cost-effective than dealing with the potential consequences and expenses associated with failures. In situations where the risk's realization probability is high, preventive measures can be implemented to mitigate or prevent it altogether. Consequently, by actively addressing risks, failures can be averted through risk prevention. This study aims to conduct a comparative analysis of the concepts of risk and quality within the realm of costs while introducing the concept of risk-quality cost mapping to the existing body of literature. Within this framework, the study initially establishes a connection between the elements of the risk management process and quality costs. Subsequently, a real-life case is examined to assess its implications in terms of both risk and quality costs. As can be seen in the case of Jesse Langford, it is clear that the implementation of comprehensive prevention measures plays a crucial role in minimizing failure costs, ultimately reducing them to a negligible level during travel. As a result of preventive measures, the costs associated with failures can be avoided, the impact of risks can be reduced, and in some cases, the costs of failure can be substantially eliminated.

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Kantar, Lokman, and Ayşegül Ertuğrul Ayrancı. "Estimating Financial Failure in Businesses Using Artificial Neural Networks: Turkish Manufacturing Industry Model Study." Journal of Corporate Governance, Insurance, and Risk Management 9, no. 2 (December 31, 2022): 327–40. http://dx.doi.org/10.56578/jcgirm090203.

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Businesses need to be financially successful to achieve sustainable growth and maximise firm value. The financial failure of businesses is a situation that is carefully monitored by business managers, shareholders of the business, financial institutions that lend to the business, and the government. For this reason, in this study, the financial failure of 153 manufacturing companies operating in Turkey and traded on Borsa Istanbul has been tried to be estimated. In the research, the annual financial statements between the years 2009-2021 were used and artificial neural networks were preferred as the estimation method. Altman's Z score was used to define financial failure. In the artificial neural network model, 13 financial ratios were used as input variables. As the output variable, the firms that were below the value of 1.81 calculated as the Z score by Altman were considered unsuccessful, and the unsuccessful firms were assigned a value of 1 and the others a value of 0. This dummy variable consisting of 0 and 1 values is accepted as the output variable. According to the findings of the study, 1427 of 1631 observations that were initially considered to be financial failures were correctly estimated and a very high success rate of 87.49% was achieved. The findings will provide an important advantage to businesses and all stakeholders in terms of determining the causes of financial failure in advance.

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Cant, Michael. "Challenges Faced By SMEs In South Africa: Are Marketing Skills Needed?" International Business & Economics Research Journal (IBER) 11, no. 10 (September 19, 2012): 1107. http://dx.doi.org/10.19030/iber.v11i10.7256.

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In South Africa the SME sector has been placed on the governments priority list for economic assistance and job creation. The government expects 500 000 jobs to be created every year for the next 10 years - the bulk which is expected to come from the SME sector. Research conducted by Bowler, Dawood and Page (2006) and Phakisa (2009) estimate that 40% of new business ventures fail in their first year, 60% in their second year, and 90% in their first 10 years of existence. There are numerous reasons for these failures and many authors have identified the challenges these businesses face. The research problem of this study emanates from the current high business failure rate as well as the lack of and need for marketing skills of South African SME managers. The research investigates the correlation between business success and the need for marketing skills and to what extent the lack of these skills influence the failure or success of the business. The research made a direct link to the lack of marketing skills and the failure of businesses as well as the fact that managers and owners are aware of these shortcomings that they have. The conclusion is that there is a positive correlation between the success of a business and the need for marketing skills in South African SMEs. The challenge that now faces government, educational institutions and businesses themselves is to develop these marketing skills in such a way that the chances of survival of these SMEs are increased.

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Millington, J. Kent. "The Impact of Selected Economic Variables on New Business Formation and Business Failures." Journal of Entrepreneurial Finance 3, no. 2 (December 1, 1994): 177–79. http://dx.doi.org/10.57229/2373-1761.1153.

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Puzanova, Irina. "KEY ELEMENTS OF DIGITAL BUSINESS TRANSFORMATION." Russian Journal of Management 11, no. 2 (August 5, 2023): 160–74. http://dx.doi.org/10.29039/2409-6024-2023-11-2-160-174.

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In the article, based on the analysis of statistical data on the introduction of digital technologies by small and medium-sized businesses in the Russian Federation, a trend in the sustainable development of business digitalization is revealed. During the study of the current direction of the development of the world economy, it was noted that the trend of digital transformation of enterprises is due to the need for business to adapt to new benchmarks of the economy. But despite the relevance of introducing digital technologies, experts note that more than 70% of digital projects are failures. Accordingly, the purpose of this study is to determine the reasons for such an extremely high value of unsuccessful digitalization. As a result of the study, the key elements of digital transformation have been identified, the inattentive attitude to which leads to the disruption of digital progress. Thus, it is determined that the inattentive attitude of business to digital strategy, personnel, organizational structure, customers, ecosystem, technology, and innovation is the reason for the failure of digital transformation.

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Pozuelo Campillo, José Ana, Julián Martínez Vargas, and Pedro Carmona Ibáñez. "Estudio de la insolvencia empresarial en las cooperativas mediante técnicas multivariantes." Studies of Applied Economics 30, no. 3 (June 7, 2020): 1067. http://dx.doi.org/10.25115/eea.v30i3.3619.

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One of the consequences of the current economic crisis is a significant rise in business failures, which is fueling the interest of researchers and users for its analysis, review and update of the traditional models.In reviewing the financial literature on business failure in our country, we noticed that the are very few studies focusing exclusively on cooperative enterprises, although this kind of companies have a broad presence in our country. This significant lack of studies on this kind of business, the recent availability of large databases and the current economic circumstances have influenced us to undertake this work. The main paper objective focuses on the estimation of appropriate models to predict business failure in cooperative enterprises, using statistical techniques.

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Nkwinika, Eugine, and Olawale Olufemi Akinrinde. "An investigation into the financial challenges affecting the success of entrepreneurs in South Africa." Technology audit and production reserves 6, no. 4(74) (December 7, 2023): 36–44. http://dx.doi.org/10.15587/2706-5448.2023.292555.

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The object of this study is the financial difficulties that impacted the success of business owners in Hatfield, Gauteng province, South Africa. Compared to a global failure rate of 50 %, five out of every seven entrepreneurs in Hatfield, South Africa fail during the first year of operation. This study aimed at looking into the relationship between entrepreneur failure and financial literacy. The methodology employed in this study is interpretive philosophy-based qualitative research. An ethnographic research technique was also used to analyze the current economic condition of business owners in Hatfield. The population was sampled using non-probability purposive sampling techniques. Semi-structured interviews were used to gather the study's leading source of data. The primary research results are thematically examined while also considering the secondary sources. Eliminating financial and liquidity constraints was listed as a goal of financial literacy. Findings garnered revealed that financial, liquidity and credit restrictions are the primary causes of business failures in Hatfield. The lack of financial resources for new businesses in Hatfield, as revealed, prompted several liquidity issues in Hatfield, and further lowers the growth rate of Hatfield businesses. It was discovered that Hatfield's entrepreneurs usually experienced premature failure due to inadequate financial education and training. Impliedly, Hatfield business owners possessed poor cash management, defaulting on loan payments due to lack of financial education. Conversely, only few entrepreneurs and business owners in Hatfield, South Africa possess financial literacy competence with the necessary skills needed to better analyze their financial statements appropriately and increase profitability of their business. The practical implication of this finding is that, most entrepreneurs have high possibility to experience premature business liquidity when they have low or no financial literacy.

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Banduka, Nikola, Aleksandar Aleksić, Nikola Komatina, Amanda Aljinović, and Danijela Tadić. "The prioritization of failures within the automotive industry: The two-step failure mode and effect analysis integrated approach." Proceedings of the Institution of Mechanical Engineers, Part B: Journal of Engineering Manufacture 234, no. 12 (June 16, 2020): 1559–70. http://dx.doi.org/10.1177/0954405420926906.

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Traditionally, in the automotive industry, the risk posed by failures in manufacturing is based on the conventional process failure mode and effect analysis. The market changes, as well as limited financial resources dedicated to business improvement, induce the need for employment of advanced management tools. The rating of failures is derived from the research using the suggested fuzzy classification method based on the Pareto analysis. It is assumed that the classification criterion should be determined as the product of the overall product choice and the risk priority numbers given by applying the traditional process failure mode and effect analysis. All the uncertainties that exist in the problem under consideration are represented by linguistic expressions that are modeled on the interval type-2 triangular fuzzy numbers. The overall product choice is based on a fuzzy analytical hierarchy process with interval type-2 triangular fuzzy numbers. The execution of management initiatives based on the priority of failures can result in the improvement of the manufacturing process and overall business efficiency. The proposed model is tested using real-life data from a single vehicle manufacturer operating in the Western Balkans and representing a part of a global automotive supply chain.

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Maxham, James G., and Richard G. Netemeyer. "A Longitudinal Study of Complaining Customers' Evaluations of Multiple Service Failures and Recovery Efforts." Journal of Marketing 66, no. 4 (October 2002): 57–71. http://dx.doi.org/10.1509/jmkg.66.4.57.18512.

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The authors report a repeated measures field study that captures complaining customers' perceptions of their overall satisfaction with the firm, likelihood of word-of-mouth recommendations, and repurchase intent during a 20-month span that includes two service failures and recovery attempts. The findings suggest that though satisfactory recoveries can produce a “recovery paradox” after one failure, they do not trigger such paradoxical increases after two failures. Furthermore, “double deviations” can occur following two consecutive unsatisfactory recoveries or following an unsatisfactory recovery in response to a second failure. The findings indicate that customers reporting an unsatisfactory recovery followed by a satisfactory recovery reported significantly higher ratings at the second postrecovery period than did customers reporting the opposite recovery sequence. The outcome of the second recovery also demonstrated a significant influence on customer ratings (positively if the recovery was satisfactory, negatively if the recovery was unsatisfactory), regardless of whether the customer found the first recovery satisfactory or unsatisfactory. In addition, although the increased change in recovery expectations and failure severity ratings from the first failure to the second is more dramatic for customers who previously reported a satisfactory recovery, the increase in attributions of blame toward the firm is more pronounced for customers who previously reported an unsatisfactory recovery. Last, the results show that recovery efforts are attenuated when two similar failures occur and when two failures happen in close time proximity.

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Brenkert, George G. "The Limits and Prospects of Business Ethics." Business Ethics Quarterly 20, no. 4 (October 2010): 703–9. http://dx.doi.org/10.5840/beq201020444.

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ABSTRACT:Business ethics has made important strides over the past decades, but it has also suffered significant failures as witnessed by the long line of business scandals in the past half century. This paper discusses different forms that business ethics has taken in relation to the goal of businesses acting ethically. In the end, it maintains that a major challenge current business ethics faces is the lack of an account of business organizations as they ethically develop and change both individually and systemically within social and political conditions. Even if business ethicists can rationally defend what businesses should be doing, unless we can relate this to how businesses can come to operate in those ways, our normative arguments will lack power, persuasiveness, and effectiveness. Only if we are able to provide this analysis will our normative ethics fulfill the practical task it has taken upon itself.

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Naumzik, Christof, Stefan Feuerriegel, and Markus Weinmann. "I Will Survive: Predicting Business Failures from Customer Ratings." Marketing Science 41, no. 1 (January 2022): 188–207. http://dx.doi.org/10.1287/mksc.2021.1317.

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Amankwah-Amoah, Joseph. "Where will the axe fall?" European Business Review 27, no. 4 (June 8, 2015): 409–29. http://dx.doi.org/10.1108/ebr-05-2014-0046.

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Purpose – This study aims to examine the types of attributions after a business failure. Although business failure has garnered a plethora of scholarly attention, there remains an ambiguity and a lack of clarity about the process and types of attribution after a business failure. Design/methodology/approach – The paper is based on a synthesis of the multiple streams of research on the subject. This led to the development of an integrated framework of attributions after business failure. Findings – The paper integrates the business failure literature and attribution theory to develop a 2 × 2 conceptual framework which accounts for not only the effect on pace (time) but also locus of causality in the attribution process. Crossing the two main causes of business failure with two types of attribution produces the 2 × 2 matrix of types of attribution after a business failure which includes early internal attribution, late internal attribution, early external attribution and late external attribution. Research limitations/implications – The theorisation of the literature offers a number of implications for theory and practice. Originality/value – The study also explains the underlying processes inherent in learning from others’ failures and consequences of business failure. The framework removes some of the ambiguity in the existing literature and outlines a number of fruitful avenues for future research.

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Van Oyen, Astrid. "Everyone can make mistakes, but not everyone can fail: a response to Price & Jaffe." Antiquity 97, no. 396 (December 2023): 1607–9. http://dx.doi.org/10.15184/aqy.2023.139.

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In Born losers: a history of failure in America (2005), historian Scott A. Sandage traces how, through the course of the nineteenth century, business failures gradually morphed into personal failures. Where losing money initially meant just that by the later nineteenth century, as the narrative of the ‘self-made man’ took hold, it came to be seen by society as a personal shortcoming and framed as a moral judgement. Fast-forward to the big-tech era of the twenty-first century and failure has become a trophy rather than a scar. Silicon Valley's credo of ‘fail fast and fail forward’ entrenches failure not only as a standard element of business practice—start-ups are expected to fail, their founders slated to move forward on their path to success—but also as a commendable addition to a CV or resumé thought to reflect ambition, innovativeness and resilience (see critique in Myers 2019). This admittedly truncated narrative of failure in America, closely intertwined with capitalist profit-seeking, serves to illustrate that failure is not a neutral concept but rather a social phenomenon, the reality and valence of which are context dependent. Moreover, like all social phenomena, failure has a history.

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Journal articles on the topic 'Business failures'

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