There is a clear economic and social rationale in providing a second chance to failed entrepreneurs and deriving positive experiences from negative situations. Value of Failure is a comprehensive attempt at understanding the various aspects of the phenomenon of business failure.

From losers to heroes: how to change the perception of business failure and recognize its value for the economy / Joanna Markiewicz and Leszek Gracz -- Economic failure in the process of small business growth in the context of the shadow economy / Edward Stawasz and Jaros±aw Ropñega -- Failure as a barrier to entrepreneurial new venturing in Northern Ireland / Caroline O'Kane -- Business and sustainability: key drivers for business success and business failure from the perspective of sustainable development / Magdalena Ziolo, Filip Fidanoski, Kiril Simeonovski, Vladimir Filipovski and Katerina Jovanovska -- Implementation of the Enterprise Resource Planning systems: case studies of failures and their impact on the enterprise operation / Magdalena Malinowska and Andrzej Rzeczycki.