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The death of an innovative project: How grief recovery enhances learning

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  • Shepherd, Dean A.
  • Kuratko, Donald F.
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    Abstract

    Given the increase in corporate innovative activity, entrepreneurial projects that are created to pursue new and unique opportunities often fail--or "die"--due to the uncertain environment within which they develop. Although failure can be an important source of information for learning, this learning is not automatic or instantaneous. The emotions generated by failure (e.g., grief) can interfere with the learning process. This article highlights explanations of the grief process and how it can be managed by individuals and organizations to enhance learning. Specifically, by using a dual process model for recovering from grief, innovators can learn more from their project failures and remain committed to future innovative endeavors.

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    Bibliographic Info

    Article provided by Elsevier in its journal Business Horizons.

    Volume (Year): 52 (2009)
    Issue (Month): 5 (September)
    Pages: 451-458

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    Handle: RePEc:eee:bushor:v:52:y:2009:i:5:p:451-458

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    Web page: http://www.elsevier.com/locate/bushor

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    Keywords: Grief Innovation failure Entrepreneurial learning;

    References

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    1. Maidique, Modesto A. & Zirger, Billie Jo, 1985. "The new product learning cycle," Research Policy, Elsevier, vol. 14(6), pages 299-313, December.
    2. Shepherd, Dean A., 2009. "Grief recovery from the loss of a family business: A multi- and meso-level theory," Journal of Business Venturing, Elsevier, vol. 24(1), pages 81-97, January.
    3. Dean A. Shepherd & Melissa S. Cardon, 2009. "Negative Emotional Reactions to Project Failure and the Self-Compassion to Learn from the Experience," Journal of Management Studies, Wiley Blackwell, vol. 46(6), pages 923-949, 09.
    4. McGrath, Rita Gunther, 1995. "Advantage from adversity: Learning from disappointment in internal corporate ventures," Journal of Business Venturing, Elsevier, vol. 10(2), pages 121-142, March.
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    Cited by:
    1. Pieper, Torsten M., 2010. "Non solus: Toward a psychology of family business," Journal of Family Business Strategy, Elsevier, vol. 1(1), pages 26-39, March.
    2. Cuijpers, Maarten & Guenter, Hannes & Hussinger, Katrin, 2011. "Costs and benefits of inter-departmental innovation collaboration," ZEW Discussion Papers 11-003, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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