Learning from entrepreneurial failure: Emotions, cognitions, and actions

D.A. Shepherd, Trenton Williams, Marcus Wolfe, Holger Patzelt

Research output: Book/ReportBookScientificpeer-review

14 Citations (Scopus)

Abstract

Learning from Entrepreneurial Failure provides an important counterweight to the multitude of books that focus on entrepreneurial success. Failure is by far the most common scenario for new ventures and a critical part of the entrepreneurial process is learning from failure and having the motivation to try again. This book examines the various obstacles to learning from failure and explores how they can be overcome. A range of topics are discussed that include: why some people have a more negative emotional reaction to failure than others and how these negative emotions can be managed; why some people delay the decision to terminate a poorly performing entrepreneurial venture; anti-failure biases and stigmatism in organizations and society; and the role that the emotional content of narratives plays in the sense-making process. This thought-provoking book will appeal to academic researchers, graduate students and professionals in the fields of entrepreneurship and industrial psychology. Explores the psychological obstacles to learning from entrepreneurial failure, why some people have a more negative reaction to failure than others, and how people can attempt to deal with project failure through self-compassion Investigates why some delay the decision to terminate a poorly performing entrepreneurial venture and the consequences of doing so, as well as exploring anti-failure biases and stigmatization in organizations and in society Explores the role that the emotional content of narratives plays in the sense-making process, and how the cognitive approaches reflected in narratives influence subsequent performance. © Dean A. Shepherd, Trenton Williams, Marcus Wolfe and Holger Patzelt 2016.
Original languageEnglish
Place of PublicationCambridge
PublisherCambridge University Press
Number of pages342
ISBN (Print)9781107569836 , 9781107129276
ISBN (Electronic)9781316416242
DOIs
Publication statusPublished - 2016
MoE publication typeC1 Scientific book

Keywords

  • 512 Business and Management

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