I'll pick out a thread here: the toxic culture. When businesses fail, it's regarded as obvious that the toxic culture contributed to the downfall. With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable. My own theory is that toxic culture is a drain on every company with one, like a parasite on a host organism. Some…
If both successful and failed businesses can have toxic culture, then I think we've eliminated culture being correlated with business success or failure. Allegations to contrary, in either direction, sound more like survivorship bias.
By your reasoning, we can eliminate terminal cancer as being correlated with life and death.