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Entrepreneurial learning from failure: An interpretative phenomenological analysis

  • Cope, Jason
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    This article develops a deeper conceptualisation of the process and content dimensions of learning from venture failure. I propose that recovery and re-emergence from failure is a function of distinctive learning processes that foster a range of higher-level learning outcomes. This qualitative research demonstrates that entrepreneurs learn much not only about themselves and the demise of their ventures but also about the nature of networks and relationships and the “pressure points” of venture management. This article also provides evidence that these powerful learning outcomes are future-oriented, increasing the entrepreneur's level of entrepreneurial preparedness for further enterprising activities.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0883902610000571
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    Article provided by Elsevier in its journal Journal of Business Venturing.

    Volume (Year): 26 (2011)
    Issue (Month): 6 ()
    Pages: 604-623

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    Handle: RePEc:eee:jbvent:v:26:y:2011:i:6:p:604-623
    Contact details of provider: Web page: http://www.elsevier.com/locate/jbusvent

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    5. Monder Ram & Kiran Trehan, 2009. "Critical by design: enacting critical action learning in a small business context," Action Learning: Research and Practice, Taylor & Francis Journals, vol. 6(3), pages 305-318, August.
    6. Kisfalvi, Veronika, 2002. "The entrepreneur's character, life issues, and strategy making: A field study," Journal of Business Venturing, Elsevier, vol. 17(5), pages 489-518, September.
    7. Shepherd, Dean A. & Douglas, Evan J. & Shanley, Mark, 2000. "New venture survival: Ignorance, external shocks, and risk reduction strategies," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 393-410.
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    14. 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.
    15. Brendan Burchell & Alan Hughes, 2006. "The stigma of failure: An international comparison of failure tolerance and second chancing," ESRC Centre for Business Research - Working Papers wp334, ESRC Centre for Business Research.
    16. Richard Thorpe & Jason Cope & Monder Ram & Mike Pedler, 2009. "Leadership development in small- and medium-sized enterprises: the case for action learning," Action Learning: Research and Practice, Taylor & Francis Journals, vol. 6(3), pages 201-208, November.
    17. Harvey, Michael & Evans, Rodney, 1995. "Strategic windows in the entrepreneurial process," Journal of Business Venturing, Elsevier, vol. 10(5), pages 331-347, September.
    18. 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.
    19. Greening, Daniel W. & Barringer, Bruce R. & Macy, Granger, 1996. "A qualitative study of managerial challenges facing small business geographic expansion," Journal of Business Venturing, Elsevier, vol. 11(4), pages 233-256, July.
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    21. Richard Seymour, 2006. "Hermeneutic phenomenology and international entrepreneurship research," Journal of International Entrepreneurship, Springer, vol. 4(4), pages 137-155, December.
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