Making the Most of Failure Experiences: Exploring the Relationship Between Business Failure and the Identification of Business Opportunities

Brandon A. Mueller, Dean A. Shepherd

Forskningsoutput: TidskriftsbidragArtikelPeer review

38 Citeringar (Scopus)

Sammanfattning

Although previous research has extolled the importance of business failure as a precursor to transformational learning, few studies have explored the conditions under which such learning occurs or the content of the resulting knowledge. We explore several cognitive moderators of the relationship between failure experiences and a specific type of opportunity identification knowledge-the use of structural alignment processes. Results indicate that learning from failure is facilitated for entrepreneurs who possess a cognitive toolset that consists of opportunity prototypes and an intuitive cognitive style. Moreover, we found that prior professional knowledge negatively moderates this relationship.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftEntrepreneurship Theory and Practice
Volym40
Utgåva3
Sidor (från-till)457-487
Antal sidor31
ISSN1042-2587
DOI
StatusPublicerad - 2016
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

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  • 512 Företagsekonomi

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