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Learning from past experience: Footnotes on mindfulness and habitual entrepreneurship

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  • Rerup, Claus

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.

Suggested Citation

  • Rerup, Claus, 2005. "Learning from past experience: Footnotes on mindfulness and habitual entrepreneurship," Scandinavian Journal of Management, Elsevier, vol. 21(4), pages 451-472, December.
  • Handle: RePEc:eee:scaman:v:21:y:2005:i:4:p:451-472
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    Citations

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    Cited by:

    1. Nerine Mary George & Vinit Parida & Tom Lahti & Joakim Wincent, 2016. "A systematic literature review of entrepreneurial opportunity recognition: insights on influencing factors," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 309-350, June.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. repec:eee:jobuve:v:8:y:2017:i:c:p:138-143 is not listed on IDEAS
    7. Richard Arena & Agnès Festré & Nathalie Lazaric, 2012. "Introduction," Post-Print halshs-01053657, HAL.
    8. 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.
    9. Tran, Hien Thu & Carbonara, Emanuela & Santarelli, Enrico, 2017. "Determinants of Novice, Portfolio and Serial Entrepreneurship: An Occupational Choice Approach," GLO Discussion Paper Series 74, Global Labor Organization (GLO).
    10. 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.
    11. repec:sgm:resrep:v:1:i:23:y:2017:p:14-26 is not listed on IDEAS
    12. Parker, Simon C., 2013. "Do serial entrepreneurs run successively better-performing businesses?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 652-666.
    13. 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.
    14. Cope, Jason, 2011. "Entrepreneurial learning from failure: An interpretative phenomenological analysis," Journal of Business Venturing, Elsevier, vol. 26(6), pages 604-623.
    15. Onetti Alberto & Odorici Vincenza & Presutti Manuela, 2008. "The Internationalization of Global Start-Ups: Understanding the Role of Serial Entrepreneurs," Economics and Quantitative Methods qf0802, Department of Economics, University of Insubria.
    16. 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.
    17. Richard Arena & Agnès Festré & Nathalie Lazaric, 2012. "Introduction," Chapters,in: Handbook of Knowledge and Economics, chapter 1 Edward Elgar Publishing.

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