Open AccessJournal Article
Successive failure, repeat entrepreneurship and no learning : a case study : original research
Marius Pretorius,Ingrid Le Roux +1 more
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TLDR
This paper investigated a case study of one entrepreneur's successive failures over 20 years and found that failure is a part of entrepreneurial endeavours, and that learning from it requires deliberate reflection, which is a prerequisite for learning from failure.Abstract:
Orientation: Current theories of repeat entrepreneurship provide little explanation for the effect of failure as a 'trigger' for creating successive ventures or learning from repeated failures.
Research purpose: This study attempts to establish the role of previous failures on the ventures that follow them and to determine the process of learning from successive failures.
Motivation for the study: Successive failures offer potentially valuable insights into the relationship between failures on the ventures that follow and the process of learning from failure.
Research design, approach and method: The researchers investigated a single case study of one entrepreneur's successive failures over 20 years.
Main findings: Although the causes varied, all the failures had fundamental similarities. This suggested that the entrepreneur had not learnt from them. The previous failures did not trigger the subsequent ventures. Instead, they played a role in causing the failures. Learning from failure does not happen immediately but requires deliberate reflection. Deliberate reflection is a prerequisite for learning from failure as the entrepreneur repeated similar mistakes time after time until he reflected on each failure.
Practical/managerial implications: It confirms that failure is a part of entrepreneurial endeavours. However, learning from it requires deliberate reflection. Failure does not 'trigger' the next venture and educators should note this.
Contribution/value-add: Knowing the effect of failure on consecutive ventures may help us to understand the development of prototypes (mental frameworks) and expand the theory about entrepreneurial prototype categories.read more
Citations
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Entrepreneurial learning from failure. A systematic review
TL;DR: The literature provides insights on all stages of the process of entrepreneurial learning from failure, including concrete experience, reflective observation, abstract conceptualization, active experimentation, and application of this learning in non-entrepreneurial contexts.
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A narrative investigation on the motivation to become an entrepreneur among a sample of black entrepreneurs in South Africa: Implications for entrepreneurship career development education
TL;DR: In this article, the authors studied the factors that motivate an individual to become an entrepreneur and provided useful suggestions in helping lecturers and facilitators, especially within a university setting at the undergraduate level.
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Organisational learning capabilities as determinants of social innovation: An empirical study in South Africa
Boris Urban,Elena Gaffurini +1 more
TL;DR: In this paper, a cross-sectional study based on primary survey data was conducted to determine how different organisational capabilities are related to social innovation and the results showed that the organisational learning capabilities of knowledge conversion, risk management, organisational dialogue and participative decision-making all have a significant and positive relationship with social innovation.
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The relationship between entrepreneurial competencies and the recurring entrepreneurial intention and action of existing entrepreneurs
TL;DR: In this article, a self-administered survey was conducted on 154 existing entrepreneurs in South Africa to identify entrepreneurial competencies, such as creative problem-solving, opportunity recognition and value creation, that existing entrepreneurs relied on most when engaging in entrepreneurial action.
References
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Book Chapter
Case study research
TL;DR: The comprehensive and accessible nature of this collection will make it an essential and lasting handbook for researchers and students studying organizations.
Journal ArticleDOI
Opportunity Recognition as the Detection of Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs
TL;DR: Support is offered for the view that pattern recognition is a key component of opportunity recognition, as it is proposed that ideas for new products or services often emerge from the perception of such patterns.
Journal ArticleDOI
The Process of Entrepreneurial Learning: A Conceptual Framework
TL;DR: In this paper, the authors present a conceptual framework that explains the process of entrepreneurial learning as an experiential process and identifies three main components in the process: entrepreneurs' career experience, the transformation process, and entrepreneurial knowledge.
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