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9781107076013

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Advance praise: 'While we celebrate such truisms as Thomas Edison's 'I have not failed. I've just found 10,000 ways that won't work', we know little about how individuals learn in entrepreneurial situations of high ambiguity and risk. Most entrepreneurial activities end in failure rather than success and most entrepreneurs appear to learn little from their failures or have the emotional capacity to try again. This book presents a theoretical framework and substantial empirical evidence on the situations, processes, and emotions that characterize where, when and how individuals might learn from failure. If we believe that an entrepreneurial culture requires that we all need to be able to 'learn to fail or we will fail to learn', Crisis, Resilience and Survival provides needed insights and solutions to this challenge.' William B. Gartner, Copenhagen Business School and California Lutheran University Advance praise: 'Entrepreneurial efforts fail at a rate of 80% to 90% - even successful journeys have lots of corrections on their way. All stakeholders are used to taking reference to winners and best practices, however they could also reflect on failures and develop recoveries. This book is about these insights and experiences. It offers a range of explanations and ways to enhance the entrepreneurial success and excitement of actors, involved team members, and investors.' Andreas Biagosch, Managing Director of Impacting I GmbH and Co.KG and Impact GmbH, and former Director at McKinsey and Company, New York Advance praise: 'This book explores in detail the emotions and influences on entrepreneurial actions associated with venture closure and re-creation. Given that most entrepreneurs will experience at least one setback or failure, this book articulates the obstacles to learning from failure, then provides cognitive strategies for managing this process. For the first time, this book delves deeply into the psychology literature to explore the ups and downs, and learning associated with opportunity based entrepreneurship.' Candida Brush, Faculty Research Director, Arthur M. Blank Center for Entrepreneurship, and Franklin W. Olin Distinguished Professor in Entrepreneurship, Babson College Advance praise: 'For innovative firms, an entrepreneur's failure is a frequent occurrence. As one can never fully avoid failure one should be prepared to learn from it and to learn how to overcome it. But many managers and organizations find that particularly difficult. In Crisis, Resilience and Survival the authors provide a deep understanding of why failure is part of the entrepreneurial process, how one can learn from failure, and why some are able to use failure to march towards success while others languish.' Carl-Peter Forster, Board member of Volvo and former Group CEO of Tata Motors (including the British Unit of Jaguar and Land Rover)

'This book is essential reading for followers of the industry, including journalists and investment analysts. Using their decades of deep experience in analysing the business, the authors take an unusually sophisticated approach to their topic. They have crafted a book which avoids the usual temptation to oversimplify the complexities of an industry that is huge in scale, truly global and still growing, and offer powerful new insights to explain and even predict corporate resilience in the sector. A compelling yet very approachable book.' Richard Parry-Jones CBE, former Chief Technology Officer, Ford Motor Company, and Chair, UK Automotive Council, 2009-2015 'The automotive industry is undergoing the most impactful changes of the past hundred years; hybrid, electric and fuel cell vehicles provide alternatives to the internal combustion engine, autonomous driving features are commercially available, and connected cars will communicate with one another. This book provides a framework for understanding the dynamics of the automotive industry and what factors cause companies to succeed or fail. It is factual and comprehensive; a must-read for anyone interested in understanding the future dynamics of this complex industry.' Daniel Roos, Japan Steel Industry Professor of Engineering Systems, Massachusetts Institute of Technology, and Founding Director, International Motor Vehicle Program 'Too often students of the auto industry resort to anecdote and subjective opinion in attempting to explain why some car firms succeed and others fail. Holweg and Oliver break this pattern by devising an integrated model of firm survival and failure which is comprehensive, logical, and - most importantly - objective. Readers can leverage this framework as they make their own predictions as to which OEMs will sink or swim in the coming years.' Glenn Mercer, independent auto industry analyst, and former Partner, McKinsey and Company's Automotive Practice 'This insightful book provides double value - first by providing a primer on the structural conditions and firm capabilities necessary for survival in the global auto industry, and second by examining case studies of both failure and resilience against that backdrop. Holweg and Oliver's 'survival envelope' framework and 'resilience index' benchmark provide predictive power for assessing the future crises that will surely afflict this 'industry of industries'. For as the authors cogently state, the core question revealed by their analysis is not 'why are there so many crises at auto firms' but rather 'given the conditions under which they operate, why don't more auto firms fail? John Paul MacDuffie, Director, Program on Vehicle and Mobility Innovation (PVMI), Mack Institute for Innovation Management, Wharton School, University of Pennsylvania

'This book is essential reading for followers of the industry, including journalists and investment analysts. Using their decades of deep experience in analysing the business, the authors take an unusually sophisticated approach to their topic. They have crafted a book which avoids the usual temptation to oversimplify the complexities of an industry that is huge in scale, truly global and still growing, and offer powerful new insights to explain and even predict corporate resilience in the sector. A compelling yet very approachable book.' Richard Parry-Jones CBE, former Chief Technology Officer, Ford Motor Company, and Chair, UK Automotive Council, 2009-2015 'The automotive industry is undergoing the most impactful changes of the past hundred years; hybrid, electric and fuel cell vehicles provide alternatives to the internal combustion engine, autonomous driving features are commercially available, and connected cars will communicate with one another. This book provides a framework for understanding the dynamics of the automotive industry and what factors cause companies to succeed or fail. It is factual and comprehensive; a must-read for anyone interested in understanding the future dynamics of this complex industry.' Daniel Roos, Japan Steel Industry Professor of Engineering Systems, Massachusetts Institute of Technology, and Founding Director, International Motor Vehicle Program 'Too often students of the auto industry resort to anecdote and subjective opinion in attempting to explain why some car firms succeed and others fail. Holweg and Oliver break this pattern by devising an integrated model of firm survival and failure which is comprehensive, logical, and - most importantly - objective. Readers can leverage this framework as they make their own predictions as to which OEMs will sink or swim in the coming years.' Glenn Mercer, independent auto industry analyst, and former Partner, McKinsey and Company's Automotive Practice 'This insightful book provides double value - first by providing a primer on the structural conditions and firm capabilities necessary for survival in the global auto industry, and second by examining case studies of both failure and resilience against that backdrop. Holweg and Oliver's 'survival envelope' framework and 'resilience index' benchmark provide predictive power for assessing the future crises that will surely afflict this 'industry of industries'. For as the authors cogently state, the core question revealed by their analysis is not 'why are there so many crises at auto firms' but rather 'given the conditions under which they operate, why don't more auto firms fail?'' John Paul MacDuffie, Director, Program on Vehicle and Mobility Innovation (PVMI), Mack Institute for Innovation Management, Wharton School, University of Pennsylvania

Author Information

Matthias Holweg is Professor of Operations Management at the Saïd Business School, University of Oxford. He is interested in how process improvement methodologies, such as lean thinking, have evolved and been adapted over time, and what impact they have on the competitiveness of the firm. He is co-author of The Second Century and The Lean Toolbox. Nick Oliver is Professor of Management at the University of Edinburgh Business School, where he served as Dean from 2007 to 2012. His particular specialities are lean methods and organizational resilience. He is co-author of The Japanization of British Industry.

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