Entrepreneurs' response to failure in early stage technology ventures: A comparative study

Cotterill, Keith

doi:10.1109/itmc.2011.5995927

Cited by 5 publications

(3 citation statements)

References 44 publications

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“…Others point to hubris or over-confidence behind an entrepreneur's failure (Hayward, Shepherd, & Griffin, 2006;Vecchio, 2003). However, there is a noticeable confusion "entrepreneur failure" and "venture failure" in the literature (Cotterill, 2011). That is, a venture may fail but the entrepreneur need not.…”

Section: Entrepreneurial Failure and Entrepreneurs' Positive Attitudementioning

confidence: 99%

The perceived personal characteristics of entrepreneurial leaders

Standen

Coetzer

2017

Small Enterprise Research

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Section: Entrepreneurial Failure and Entrepreneurs' Positive Attitudementioning

confidence: 99%

The perceived personal characteristics of entrepreneurial leaders

Standen

Coetzer

2017

Small Enterprise Research

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“…Failureanalysisisparticularlyimportantinentrepreneurshipeducation (Cotterill, 2011)wherelessthan1%ofthebusinessplanssubmittedtoventurecapitalfirmsget funded (Lerner,2009). Cope(2011)believesthatentrepreneurslearnnotonlyabout themselves and the demise of their ventures but also about the nature of networks and relationships and the "pressure points" of venture management.…”

Section: Introductionmentioning

confidence: 99%

Reducing Personal Business Failure Trauma for Students in Entrepreneurship Classes

Melati

Lee

Farliana

et al. 2020

International Journal of Adult Education and Technology

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This Indonesian quasi-experimental study investigated the effectiveness of a 60-day entrepreneurial programme designed to reduce the trauma of business failure experienced by students when undertaking entrepreneurial projects. Data from pre-and post- questionnaires and journals were analysed using independent T-Tests and paired T-Tests. The results showed that there was a significant reduction in the trauma of business failure in participants after participation in the programme.

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“…Accordingly, a few quantitative studies have tried to see the relationship between failure and re-entry and what factors influences new venture engagement after the failure occurrence (e.g., Cardon and McGrath 1999;Nikolić et al 2019;Politis and Gabrielsson 2009;Ucbasaran et al 2010). A significant number of qualitative research however, have sought to gain deeper understanding on how and why entrepreneurs manage firm failure and failure influences on new venture performance (e.g., Cardon et al 2011;Cotterill 2011;Singh, Corner and Pavlovich 2015;Walsh 2017). Given that the circumstances following failure can be complex and unpredictable, it becomes more suitable to apply qualitative methods to gain deeper understandings of the phenomenon, and generate new empirical theory suited for the above phenomenon.…”

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confidence: 99%

Managing crisis: a qualitative lens on the aftermath of entrepreneurial failure

Omorede

2020

Int Entrep Manag J

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Every entrepreneur faces barriers when they engage in entrepreneurial activities and for every entrepreneur, their utmost goal is to succeed d in their endeavors. However, some entrepreneurial ventures fail due to several factors. After the failure, the entrepreneur either relapses or seeks for new entrepreneurial opportunities. The present study conducts a qualitative research synthesis to examine what happens after the occurrence of firm failure and how entrepreneurs manage the experiences from failure. In doing so, the present study analyses already published qualitative studies on failure by conducting a literature search from several electronic databases to capture the qualitative studies published under failure. After the elimination of irrelevant data, 21 relevant articles were identified. The identified articles were analyzed using meta ethnography and grounded formal theory to elaborate on three overarching conceptsthe experience and cost of failure, the impact from failure and the outcome of failure. The findings from these analyzed qualitative research offers insight into the ongoing discussions on entrepreneurial failure by identifying recurrent themes and concepts as well as by presenting a conceptual model that describes the entrepreneur's experiences from failure and how they manage these firm failures. The findings also provide avenues on how future research can contribute to the discussion on failure.

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Entrepreneurs' response to failure in early stage technology ventures: A comparative study

Cited by 5 publications

References 44 publications

The perceived personal characteristics of entrepreneurial leaders

The perceived personal characteristics of entrepreneurial leaders

Reducing Personal Business Failure Trauma for Students in Entrepreneurship Classes

Managing crisis: a qualitative lens on the aftermath of entrepreneurial failure

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