Amankwah-Amoah, J., Boso, N., Antwi-Agyei, Issek (2018) The Effects of Business Failure Experience on Successive Entrepreneurial Engagements: An Evolutionary Phase Model. Group and Organization Management, 43 (4). ISSN 1059-6011. E-ISSN 1552-3993. (doi:10.1177/1059601116643447) (KAR id:57917)
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Official URL: http://dx.doi.org/10.1177/1059601116643447 |
Abstract
This study draws insights from the literatures on entrepreneurial learning from failure and organizational imprinting to develop an evolutionary phase model to explain how prior business failure experience influences successive newly started businesses. Using multiple case studies of entrepreneurs located in an institutionally developing society in Sub-Sahara Africa, we uncover four distinctive phases of post-entrepreneurial business failure: grief and despair, transition, formation and legacy phases. We find that while the grieving and transition phases entailed processes of reflecting and learning lessons from the business failure experiences, the formation and legacy phases involve processes of imprinting entrepreneurs’ experiential knowledge on their successive new start-up firms. We conclude by outlining a number of fruitful avenues for future research.
Item Type: | Article |
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DOI/Identification number: | 10.1177/1059601116643447 |
Subjects: | H Social Sciences |
Divisions: | Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business |
Depositing User: | Joseph Amankwah-Amoah |
Date Deposited: | 17 Oct 2016 15:22 UTC |
Last Modified: | 05 Nov 2024 10:48 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/57917 (The current URI for this page, for reference purposes) |
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