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Conference Paper/Proceeding/Abstract 550 views 351 downloads

Entrepreneurial Learning through Failure

Adam Shore

BAM 2016 Conference - Entrepreneurship track

Swansea University Author: Adam Shore

Abstract

In this paper, the literature of entrepreneurial learning is examined, with particular focus on critical events, namely failure of the business as defined by the cessation of company due to the company becoming insolvent. Business failure occurs when “a fall in revenues and/or a rise in expenses are...

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Published in: BAM 2016 Conference - Entrepreneurship track
Published: Edinburgh 2016
URI: https://cronfa.swan.ac.uk/Record/cronfa31019
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first_indexed 2016-11-09T05:17:38Z
last_indexed 2023-01-11T14:04:12Z
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spelling 2022-11-02T15:08:47.2308378 v2 31019 2016-11-08 Entrepreneurial Learning through Failure 32c3c0e6d2e80cf6f5a9b38e1ca2bbe9 Adam Shore Adam Shore true false 2016-11-08 BBU In this paper, the literature of entrepreneurial learning is examined, with particular focus on critical events, namely failure of the business as defined by the cessation of company due to the company becoming insolvent. Business failure occurs when “a fall in revenues and/or a rise in expenses are of such a magnitude that the firm becomes insolvent and is unable to attract new debt or equity funding; consequently, it cannot continue to operate under the current ownership and management” (Shepherd, 2003, p. 318). I draw upon the theories and hypotheses that have been proposed by the leading authors in the field over the past 15 years, to build a new conceptual model of entrepreneurial learning through failure. The main contribution of the model presented is the identification of the key constructs of entrepreneurial self-efficacy, entrepreneurial preparedness, grief, and distance from failure as significant influencing factors of learning through failure. Conference Paper/Proceeding/Abstract BAM 2016 Conference - Entrepreneurship track Edinburgh entrepreneurship, entrepreneurial learning, failure, recovery 6 9 2016 2016-09-06 COLLEGE NANME Business COLLEGE CODE BBU Swansea University 2022-11-02T15:08:47.2308378 2016-11-08T20:38:35.9663254 Faculty of Humanities and Social Sciences School of Management - Business Management Adam Shore 1 0031019-25052017111203.pdf EntrepreneurialLearningThroughFailure.pdf 2017-05-25T11:12:03.4030000 Output 1315216 application/pdf Author's Original true 2017-05-25T00:00:00.0000000 true eng
title Entrepreneurial Learning through Failure
spellingShingle Entrepreneurial Learning through Failure
Adam Shore
title_short Entrepreneurial Learning through Failure
title_full Entrepreneurial Learning through Failure
title_fullStr Entrepreneurial Learning through Failure
title_full_unstemmed Entrepreneurial Learning through Failure
title_sort Entrepreneurial Learning through Failure
author_id_str_mv 32c3c0e6d2e80cf6f5a9b38e1ca2bbe9
author_id_fullname_str_mv 32c3c0e6d2e80cf6f5a9b38e1ca2bbe9_***_Adam Shore
author Adam Shore
author2 Adam Shore
format Conference Paper/Proceeding/Abstract
container_title BAM 2016 Conference - Entrepreneurship track
publishDate 2016
institution Swansea University
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
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description In this paper, the literature of entrepreneurial learning is examined, with particular focus on critical events, namely failure of the business as defined by the cessation of company due to the company becoming insolvent. Business failure occurs when “a fall in revenues and/or a rise in expenses are of such a magnitude that the firm becomes insolvent and is unable to attract new debt or equity funding; consequently, it cannot continue to operate under the current ownership and management” (Shepherd, 2003, p. 318). I draw upon the theories and hypotheses that have been proposed by the leading authors in the field over the past 15 years, to build a new conceptual model of entrepreneurial learning through failure. The main contribution of the model presented is the identification of the key constructs of entrepreneurial self-efficacy, entrepreneurial preparedness, grief, and distance from failure as significant influencing factors of learning through failure.
published_date 2016-09-06T03:37:50Z
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score 11.012857

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