Reflecting or ruminating
Listening to the regrets of life science leaders
Bibliographic Data
| ID | 21652377 |
|---|---|
| Authors | Helen Meldrum (Bentley University, corresponding author), Helen Mary Meldrum |
| Year | 2021 |
| Volume | 24 |
| Issue | 2 |
| Pages | 77-92 |
| Publication date | 2021-06-15 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Organization Theory and Behavior (JOURNAL) |
| Journal identifiers | ISSN: 1093-4537 • E-ISSN: 1532-4273 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/ijotb-06-2019-0069 |
| OpenAlex | W3142885921 |
| Language | EN |
| Citations received | 1 |
| References cited | 30 |
Purpose The overwhelming frequency of failure in trying to bring a safe and effective biotech, pharmaceutical or medical device product to market is truly astounding. This research synthesizes industry leaders' insights on lessons learned from reflecting on professional disappointments. Design/methodology/approach This research used a qualitative approach to learning from the Chief Executive Officers (CEOs), Chief Scientific Officers (CSOs) and Chief Medical Officers (CMOs) of the most successful life science firms in the USA. A total of 45 industry leaders were interviewed regarding their lingering regrets about their career misadventures. Findings Regrets were unavoidable because there were opportunity costs for every choice each leader made. Commentary about wisdom gained comprised themes regarding valuable time lost, strategies that could have been enacted, products that failed and essential personnel who were not managed optimally. Contrary to expectations, there was little mention of money that was squandered. Originality/value Not felt as a solely negative emotion, regrets were recognized by these leaders as a potentially positive influence on their future decisions. Not felt as a solely negative emotion, regret was recognized by these leaders as a potentially positive influence on their future decisions. This exploratory study suggests that learning from retrospective and anticipated regrets benefits life science leaders in gaining clarity of thought regarding their current business challenges. Because prior research on the value of psychological regrets has mostly relied on limited samples, this inquiry contributes a new vantage point by examining a unique population of senior business leaders, thus providing broader applicability to the organizational literature
Active listening · Business · CLARITY · Exploratory research · Originality · Political science · Population · Public relations · Qualitative research · Regret · Social science · Sociology · Creativity in Education and Neuroscience · Emotional Intelligence and Performance · Leadership, Behavior, and Decision-Making Studies · Psychology · Marketing
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| Citations per year | 0.33 |
|---|---|
| Citation span | 2023 - 2023 (1) |
| Highly cited | No |