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Learning from past experience: Footnotes on mindfulness and habitual entrepreneurship

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  • Rerup, Claus
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    Abstract

    Although scholars have long recognized that failure is endemic to entrepreneurial activity, they have implicitly argued that prior entrepreneurial experience positively affects opportunity discovery and opportunity exploitation. In contrast, I argue that the degree of mindfulness with which entrepreneurs use prior experience can both help and harm their ability to discover and exploit opportunities. I draw on several literatures, including studies of habitual entrepreneurship, behavioral learning theory, and theories of mindfulness, to develop a framework that yields insights about how, when and why habitual entrepreneurs' use of past experience might improve the performance of their new ventures.

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    Bibliographic Info

    Article provided by Elsevier in its journal Scandinavian Journal of Management.

    Volume (Year): 21 (2005)
    Issue (Month): 4 (December)
    Pages: 451-472

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    Handle: RePEc:eee:scaman:v:21:y:2005:i:4:p:451-472

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    Keywords: Organizational learning Mindfulness Habitual entrepreneurship Opportunity discovery Opportunity exploration;

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    Cited by:
    1. Shepherd, Dean A. & Wiklund, Johan & Haynie, J. Michael, 2009. "Moving forward: Balancing the financial and emotional costs of business failure," Journal of Business Venturing, Elsevier, vol. 24(2), pages 134-148, March.
    2. Boari, Cristina & Riboldazzi, Federico, 2014. "How knowledge brokers emerge and evolve: The role of actors’ behaviour," Research Policy, Elsevier, vol. 43(4), pages 683-695.
    3. García-Morales, Víctor J. & Bolívar-Ramos, María Teresa & Martín-Rojas, Rodrigo, 2014. "Technological variables and absorptive capacity's influence on performance through corporate entrepreneurship," Journal of Business Research, Elsevier, vol. 67(7), pages 1468-1477.
    4. Onetti Alberto & Odorici Vincenza & Presutti Manuela, 2008. "The Internationalization of Global Start-Ups: Understanding the Role of Serial Entrepreneurs," Economics and Quantitative Methods qf0801, Department of Economics, University of Insubria.
    5. Vincenza Odorici & Manuela Presutti, 2013. "The entrepreneurial experience and strategic orientation of high-tech born global start-ups: An analysis of novice and habitual entrepreneurs," Journal of International Entrepreneurship, Springer, vol. 11(3), pages 268-291, September.
    6. Toft-Kehler, Rasmus & Wennberg, Karl & Kim, Phillip H., 2014. "Practice makes perfect: Entrepreneurial-experience curves and venture performance," Journal of Business Venturing, Elsevier, vol. 29(4), pages 453-470.
    7. Shepherd, Dean A. & Covin, Jeffrey G. & Kuratko, Donald F., 2009. "Project failure from corporate entrepreneurship: Managing the grief process," Journal of Business Venturing, Elsevier, vol. 24(6), pages 588-600, November.
    8. Cope, Jason, 2011. "Entrepreneurial learning from failure: An interpretative phenomenological analysis," Journal of Business Venturing, Elsevier, vol. 26(6), pages 604-623.
    9. Parker, Simon C., 2013. "Do serial entrepreneurs run successively better-performing businesses?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 652-666.
    10. Saras Sarasvathy & Anil Menon & Graciela Kuechle, 2013. "Failing firms and successful entrepreneurs: serial entrepreneurship as a temporal portfolio," Small Business Economics, Springer, vol. 40(2), pages 417-434, February.
    11. Discua Cruz, Allan & Hamilton, Eleanor & Jack, Sarah L., 2012. "Understanding entrepreneurial cultures in family businesses: A study of family entrepreneurial teams in Honduras," Journal of Family Business Strategy, Elsevier, vol. 3(3), pages 147-161.

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