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

Amankwah-Amoah, J. and Boso, N. and 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:https://doi.org/10.1177/1059601116643447) (Full text available)

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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
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > Kent Business School
Faculties > Social Sciences > Kent Business School > International Business and Strategy
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 17 Oct 2016 15:22 UTC
Last Modified: 20 Jul 2018 08:48 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/57917 (The current URI for this page, for reference purposes)
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