Question

Amy C. Edmondson, professor of leadership and management at Harvard Business School, describes a spectrum for failure that runs from blameworthy to praiseworthy. According to Edmondson, a praiseworthy reason for failure is ______.

Answer 1

According to Amy C. Edmondson, a praiseworthy reason for failure in a business context could be attributed to conditions of demand and supply in the market shifting unexpectedly.

Step-by-step explanation:

Amy C. Edmondson, professor of leadership and management at Harvard Business School, describes a spectrum for failure that runs from blameworthy to praiseworthy. According to Edmondson, a praiseworthy reason for failure in a business context could be attributed to conditions of demand and supply in the market shifting unexpectedly. For example, prices for outputs may fall or prices for inputs may rise due to market changes. In these cases, a business failure can be seen as a necessary outcome within a market-oriented system aiming to satisfy customers, keep costs low, and innovate.