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Failure learning orientation, entrepreneurial orientation, and financial performance among U.S. biotechnology firms

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  • Grant Alexander Wilson
  • Jason Perepelkin

Abstract

This article offers a new perspective on the entrepreneurial orientation, learning, and performance relationship by exploring the role of a new learning typology. Specifically, the mediating role of failure learning orientation in the entrepreneurial orientation and financial performance relationship among U.S. biotechnology companies is explored. Failure learning orientation and entrepreneurial orientation were found to have independent effects on performance. This study adds depth to the understanding of entrepreneurial orientation and firm-level learning as well as furthers the empirical examination of a new strategic orientation that conceptualizes learning from failure.

Suggested Citation

  • Grant Alexander Wilson & Jason Perepelkin, 2022. "Failure learning orientation, entrepreneurial orientation, and financial performance among U.S. biotechnology firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 60(4), pages 786-804, July.
    • Handle: RePEc:taf:ujbmxx:v:60:y:2022:i:4:p:786-804
    DOI: 10.1080/00472778.2020.1816434
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    Cited by:

    1. Nizar Mtibaa & Sami Boudabbous, 2023. "The Realities of Learning through Failure in Entrepreneurship: Results of Qualitative Research," International Review of Management and Marketing, Econjournals, vol. 13(2), pages 19-27, March.
    2. Wilson, Grant Alexander & Case, Tyler & Dobni, C. Brooke, 2023. "A global study of innovation-oriented firms: Dimensions, practices, and performance," Technological Forecasting and Social Change, Elsevier, vol. 187(C).

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