This work provides the first comprehensive overview of the topic of failure in business and management. Excellent authors from various fields, including business, sports, education, and healthcare, shed light on this taboo subject from different perspectives, including failure in leadership, startups, change projects, and innovation and development processes. In addition to current research reports, they offer many concrete practical cases. It is an exciting insight into the little-explored area of dealing with setbacks, failures, and defeats in management.