June, 2013 | ETO Consulting

Monthly Archives June 2013

Survivorship Bias: Why Failure Means more than Success

Posted by Tom Kuplic on June 07, 2013  /   Posted in Blog

Learn More From Story of Losing
Everybody loves the idea of standing on the top of the podium. We fawn after the winners and feel sorry for those who take second place. And when we ask those winners for their secrets, we expect to learn deep insights into what we should do to ascend to the same heights.

It is just as seductive to watch successful companies like Apple, Coca-Cola and Red Bull and think that if we just copy one element of what makes them successful, we will be successful too. I don’t think people really believe it, but it’s worth asking why we are not more focused on the companies that failed. In other words, maybe Borders can teach us more than Zappos.
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