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The Effects of Business Failure Experience on Successive Entrepreneurial Engagements: An Evolutionary Phase Model

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)

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
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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