Researching Entrepreneurial Failures

Shepherd, Dean A.; Patzelt, Holger

doi:10.1007/978-3-319-48701-4_3

Cited by 6 publications

(6 citation statements)

References 161 publications

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“…Cultural attitudes towards failure and risk signi cantly in uence entrepreneurial behavior and outcomes. In cultures where failure is stigmatized and seen as a source of shame and embarrassment, individuals may be reluctant to pursue entrepreneurial ventures and take risks (Shepherd & Patzelt, 2017). This fear of failure can hinder entrepreneurial activity and innovation, sti ing economic growth and development .…”

Section: Literature Reviewmentioning

confidence: 99%

“…Cultural attitudes towards failure and risk also in uence entrepreneurial behavior. In some cultures, failure is stigmatized and seen as a source of shame and embarrassment (Shepherd & Patzelt, 2017). This can deter individuals from pursuing entrepreneurial ventures and taking risks, leading to lower rates of entrepreneurship in these cultures .…”

Section: Introductionmentioning

confidence: 99%

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WITHDRAWN: Understanding the Influence of Cultural Factors on Entrepreneurial Behavior

DeScioli

2024

Preprint

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This qualitative research explores the influence of cultural factors on entrepreneurial behavior, drawing on semi-structured interviews and focus group discussions with entrepreneurs from diverse cultural backgrounds. The findings reveal that cultural values, social networks, perceptions of failure and risk, and regulatory and institutional factors play significant roles in shaping entrepreneurial motivations, decisions, and outcomes. Individualistic cultures tend to prioritize entrepreneurship as a pathway to personal success, while collectivistic cultures emphasize social harmony and stability, impacting attitudes towards risk-taking and innovation. Social networks provide valuable resources and support for entrepreneurs but can also perpetuate inequalities and restrict access to opportunities for marginalized groups. Cultural attitudes towards failure and risk influence entrepreneurial resilience and persistence, with cultures that embrace failure as a learning experience fostering a more conducive environment for innovation. Regulatory and institutional factors shape the legal and regulatory environment for entrepreneurship, with transparent and predictable institutions facilitating entrepreneurial activity. The concept of cultural entrepreneurship highlights the role of cultural heritage and creativity in driving economic development while preserving cultural identity. Overall, the study underscores the importance of recognizing and embracing cultural diversity in entrepreneurial ecosystems to foster inclusive and sustainable economic growth.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

WITHDRAWN: Understanding the Influence of Cultural Factors on Entrepreneurial Behavior

DeScioli

2024

Preprint

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“…For Bagheri and Pihie (2010), entrepreneurial learning constitutes the whole of the knowledge acquired during the two phases of development of the company, pre and post creation. Thus, according to the authors, entrepreneurial learning represents what is learned during the entrepreneurial activity Fisch and Block, 2021;Siebrand and Kruse, 2022;Shepherd and Patzelt, 2017), but this point of view has been strongly criticized by many authors such as Gartner (1985), and Bygrave and Hofer (1991), for whom, entrepreneurial learning is the set of knowledge acquired by the entrepreneur only at the time of the creation of a company (Pittaway and Cope, 2007). Admittedly, we have noted a number of discrepancies in the definitions of these different authors (D'Acunto et al, 2018;Chapman and Phillips, 2022).…”

Section: Entrepreneurial Learningmentioning

confidence: 98%

“…For Liao et al (2009); Rezaee et al (2021), failure occurs when the entrepreneur decides not to make any more effort for the continuation of the entrepreneurial adventure. Thus, quitting is synonymous with failure, just as selling one's business to avoid bankruptcy constitutes entrepreneurial failure (Arasti, 2011;Yasir and Majid, 2018;Shepherd and Patzelt, 2017;Jung et al, 2022).…”

Section: Entrepreneurial Failurementioning

confidence: 99%

The Realities of Learning through Failure in Entrepreneurship: Results of Qualitative Research

Mtibaa

Boudabbous

2023

IRMM

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In this research work, we sought to conceptualize the existing relationship between entrepreneurial learning and failure. By exploring the theoretical models of entrepreneurial learning, particularly those of Cope (2005) and Politis (2005), we identified three major research proposals that we confronted with reality by conducting an exploratory qualitative study with 10 Tunisian entrepreneurs who had experienced failure during their entrepreneurial activity. Through this study, we retained that failure constitutes an opportunity for entrepreneurial learning that manifests itself as a continuous process where the emotions of the entrepreneur play an important role. This learning depends on the nature of the failure, the emotions and the emotional regulators.

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“…“For every drug that gains FDA approval, more than 1,000 were developed but failed” (Seyhan, 2019, p. 5). Although scholars have studied the emotional aftermath of entrepreneurial business failures (see Shepherd and Patzelt, 2017), the relationship between psychological regret and the learning curves of bioscience leaders has not attracted much attention. This inquiry is part of a larger study exploring the resilience displayed by elite leaders in the industry.…”

Section: Introductionmentioning

confidence: 99%

Reflecting or ruminating: listening to the regrets of life science leaders

Meldrum

2021

IJOTB

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PurposeThe overwhelming frequency of failure in trying to bring a safe and effective biotech, pharmaceutical or medical device product to market is truly astounding. This research synthesizes industry leaders' insights on lessons learned from reflecting on professional disappointments.Design/methodology/approachThis research used a qualitative approach to learning from the Chief Executive Officers (CEOs), Chief Scientific Officers (CSOs) and Chief Medical Officers (CMOs) of the most successful life science firms in the USA. A total of 45 industry leaders were interviewed regarding their lingering regrets about their career misadventures.FindingsRegrets were unavoidable because there were opportunity costs for every choice each leader made. Commentary about wisdom gained comprised themes regarding valuable time lost, strategies that could have been enacted, products that failed and essential personnel who were not managed optimally. Contrary to expectations, there was little mention of money that was squandered.Originality/valueNot felt as a solely negative emotion, regrets were recognized by these leaders as a potentially positive influence on their future decisions. Not felt as a solely negative emotion, regret was recognized by these leaders as a potentially positive influence on their future decisions. This exploratory study suggests that learning from retrospective and anticipated regrets benefits life science leaders in gaining clarity of thought regarding their current business challenges. Because prior research on the value of psychological regrets has mostly relied on limited samples, this inquiry contributes a new vantage point by examining a unique population of senior business leaders, thus providing broader applicability to the organizational literature.

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Researching Entrepreneurial Failures

Cited by 6 publications

References 161 publications

WITHDRAWN: Understanding the Influence of Cultural Factors on Entrepreneurial Behavior

WITHDRAWN: Understanding the Influence of Cultural Factors on Entrepreneurial Behavior

The Realities of Learning through Failure in Entrepreneurship: Results of Qualitative Research

Reflecting or ruminating: listening to the regrets of life science leaders

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