Reducing the risk of business failure: A multidimensional approach[Le risque de défaillance de l’entreprise : Proposition d’une grille de lecture multidimensionnelle pour le diminuer]

Business failures are at the heart of decision-makers' concerns because each failure has serious social and economic consequences. However, to reduce the reading of the failure to only these observations does not reflect the true reality because the literature shows that the risk of failure, extension of the failure, covers multiple facets: economic and financial, sociological and psychological. The objective of this paper is to present a state of the art of the risk of failure in a multidimensional perspective and to present the indicators of failure in different disciplines (management, finance, law, economics, strategy). To better identify them, we met with actors or representatives of organizations involved in the management of the failure process. Our results show that training, skills, experience, psychological and behavioral dimensions are decisive in reducing the risk of failure. In synthesis, we propose a framework for the analysis of failure risk reduction.