A Literature Review of Learning from Failure and Prospects for Future Research

Li, Huimin; Zhang, Qinpu

doi:10.2991/msie-16.2016.74

Cited by 3 publications

(5 citation statements)

References 25 publications

(27 reference statements)

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“…Learning from failures amongst entrepreneurs with university-level education is of higher quality than learning amongst those with non-university-level education, particularly in the knowledge creation gained from their failure experiences through reflection and abstract conceptualisation Failures of entrepreneurs and Indonesian SMEs (Kolb, 2015). Entrepreneurial failure refers to uncertain factors that can encourage learning if these SMEs have sufficient time to reflect on their failures and analyse the decisions they made (Li and Zhang, 2016). Related to that, entrepreneurs with university-level education have more experiential learning about formal concepts and decision-making that have been repeated throughout the educational process.…”

Section: Additional Analysismentioning

confidence: 99%

“…Experts have yet to reach a consensus on a definition of entrepreneurial failure (Kücher and Feldbauer-Durstmüller, 2019; Li and Zhang, 2016), which can occur in two ways: business closure (Gimeno et al. , 1997; Headd, 2003; Watson and Everett, 1996) and deviation from expected results (Cannon and Edmondson, 2005; Singh et al.…”

Section: Theoretical Framework and Hypothesis Developmentmentioning

confidence: 99%

“…Experts have yet to reach a consensus on a definition of entrepreneurial failure (K€ ucher and Feldbauer-Durstm€ uller, 2019; Li and Zhang, 2016), which can occur in two ways: business closure (Gimeno et al, 1997;Headd, 2003;Watson and Everett, 1996) and deviation from expected results (Cannon and Edmondson, 2005;Singh et al, 2007). In this study, we used a broader definition of entrepreneurial failure, which includes business closures and deviations from expected results (Watson and Everett, 1996).…”

Section: Failures Of Entrepreneurs and Indonesian Smesmentioning

confidence: 99%

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Learning from entrepreneurial failure: examining attribution and contextual factors of small- and medium-sized enterprises in Indonesia

Munawaroh

Indarti

Ciptono

et al. 2023

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PurposeThis study's main objective is to examine the effect of learning from entrepreneurial failure on performance, with a type of failure as a moderator variable. Interactions between internal and external causes of failure and learning from entrepreneurial failure are also investigated, as well as entrepreneurs' aspects (i.e. age, experience and education) and organisational contextual factors (i.e. size, sector and location).Design/methodology/approachThis study employed a hypothetico-deductive approach through a survey of 250 purposively sampled entrepreneurs who had suffered business failures. The survey data were subjected to regression analysis and moderated regression using WarpPLS software and an independent sample t test for an in-depth analysis.FindingsThe results indicated that learning from entrepreneurial failure positively affected business performance, an effect moderated by the type of failure, particularly with large failures. Only perceived internal causes of failure exerted a positive effect on learning from entrepreneurial failure; the external causes did not. The effect of failure on business performance was stronger on entrepreneurs who were older and experienced, had non-university educations and operated small- and medium-sized enterprises (SMEs) outside Java–Bali islands.Originality/valueThis study's findings provide empirical evidence that supports the experiential learning theory and attribution theory in explaining the interaction between learning and failure, its cause, its consequences and its magnitude as perceived by entrepreneurs of SMEs in Indonesia, where the rate of failure is relatively high. The authors’ study also emphasises the roles of the entrepreneur and organisational contextual factors, which matter in learning to improve performance.

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Section: Additional Analysismentioning

confidence: 99%

Section: Theoretical Framework and Hypothesis Developmentmentioning

confidence: 99%

Section: Failures Of Entrepreneurs and Indonesian Smesmentioning

confidence: 99%

See 1 more Smart Citation

Learning from entrepreneurial failure: examining attribution and contextual factors of small- and medium-sized enterprises in Indonesia

Munawaroh

Indarti

Ciptono

et al. 2023

JSBED

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“…For instance, members will spend more time in processing the manageable events, whereas more unmanageable fragments will be ignored. It may lead to poor learning effects [45]. In particular, such destructive effects happen when all events and fragments appear simultaneously.…”

Section: Mediating Effect Of Tp On the Relationship Between Ops And Lfmmentioning

confidence: 99%

Mediating Role of Time Pressure on the Relationship between Organizational Psychology Safety and Motivation of Learning from Failure in Large‐Scale Construction Project

Lin

Luo

Cheng

et al. 2022

Advances in Civil Engineering

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Large-scale construction projects are characterized by the temporary cooperation of different parties with objectives, making it challenging to learn from failure under great time pressures. Learning from failure in such multiparties projects must overcome the fear of speaking out the “failure,” reflected by organizational psychology safety. This study aims to explore the impact of organizational psychology safety on the motivation of learning from failure under the mediating role of time pressure by a cross-sectional study. Data was collected by a questionnaire survey of 189 construction practitioners and analyzed by applying regression analysis. Results show that organizational psychology safety was negatively associated with time pressure and positively with the motivation of learning from failure. Time pressure was detrimental to the motivation of learning from failure, and it partially mediated the relationship between organizational psychology safety and motivation of learning from failure. Insights from the analysis could help the managers of organizations or projects to attach importance to the influence and role of learning from failure and could provide them with guides to implement lessons-learned systems.

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“…Experts have not yet accepted the concept of business failure [11][12][13]. According to some scholars, there are multiple concepts of business failure.…”

Section: Failure Definitionmentioning

confidence: 99%

Loss Recovery for Entrepreneurs Re-Entering from Business Failure

Munawaroh¹,

Qamari²

2021

Proceedings of the 4th International Conference on Sustainable Innovation 2020-Accounting and Management (ICoSIAMS 2020)

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The purpose of this study is to identify the entrepreneurial failure impacts and how the process of recovering from losses caused by business failure to re-enter the next business. The research data were obtained using six case studies on companies that re-entered from failure. This business failure caused economic, social, and psychological costs. A failed entrepreneur needs recovery from losses that consist of economic, social, and psychological losses. The interview results with entrepreneurs uncovered that economic recovery from business failures was through family support and loans, bank loans, gifts from friends, and working as employees in other businesses. Meanwhile, the social impact recovery process was by establishing new relationships with other suppliers by instilling trust. Besides, support from family and friends was the psychological recovery. Religiously, recovery from business failure was done with more worship and giving alms.

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A Literature Review of Learning from Failure and Prospects for Future Research

Cited by 3 publications

References 25 publications

Learning from entrepreneurial failure: examining attribution and contextual factors of small- and medium-sized enterprises in Indonesia

Learning from entrepreneurial failure: examining attribution and contextual factors of small- and medium-sized enterprises in Indonesia

Mediating Role of Time Pressure on the Relationship between Organizational Psychology Safety and Motivation of Learning from Failure in Large‐Scale Construction Project

Loss Recovery for Entrepreneurs Re-Entering from Business Failure

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