“…Different mechanisms can act as the backdrop here. For example, Rosenbusch et al (2014) approach this query from an organizational learning perspective and generate supportive results such that error management provides a balance between exploration and exploitation. Moreover, Rybowiak et al (1999: 543) find that, at the individual level, learning from errors relates to self-efficacy, qualification, long-term planning orientation, need for achievement, readiness to change, and initiative-taking, i.e., competencies that are relevant with exploring and exploiting actions (Zacher et al, 2016).…”