The organisation
In September 2014, the Failure Institute was born as the research arm of Fuckup Nights. Given the increasing amount of documented cases on failure to which we had access, we assumed both the mission and the responsibility to share that information through studies and publications with the disruptive style that has always characterized us. Our mission is clear: We want the Failure Institute to help decision makers make better-informed decisions on businesses, academia, and public policies. Fuckup Nights is a global movement (251 cities, 79 countries, 25+ different languages) where stories of failed businesses and projects are shared.
The initiative
The literature on entrepreneurship and business topics is extensive; however, the focus is centered on case studies of success. Business failure as such has been underestimated as an object of study in several papers. This situation has created an information shortfall in databases and case studies. Our objective is to encourage the study of this subject, and understand the relevance that documenting and researching failure has.
A better understanding of why ventures fail so that the lessons and efforts of these entrepreneurs are not lost is vital for preventing others from walking the same paths that lead to frustration and discouragement.
The impact
The failure of the Mexican social entrepreneur is a phenomenon that can only be understood from a multidimensional perspective. In the statistical analysis, a high, positive and significant correlation was found among the causes related to the following factors: entrepreneur, product/ service, project management, the board of directors, resources and infrastructure, clients/users, context, and partners/volunteers.
Learn more about the ‘Causes of Failure in Mexican Social Enterprises’ here
