Do entrepreneurs always benefit from business failure experience?

Business failure and its effect on entrepreneurial engagement has attracted substantial scholarly attention in entrepreneurship research. We contend that knowledge is lacking on the entrepreneurial learning mechanism and entrepreneurial alertness condition under which business failure experience inf...

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Main Authors:	Nathaniel Boso, Ifedapo Adeleye, Francis Donbesuur, Michael Gyensare
Format:	Default Article
Published:	2018
Subjects:	Marketing sub-Saharan Africa new venture performance entrepreneurial alertness learning from failure business failure experience
Online Access:	https://hdl.handle.net/2134/12770522.v1
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id	rr-article-12770522
record_format	Figshare
spelling	rr-article-127705222018-02-15T00:00:00Z Do entrepreneurs always benefit from business failure experience? Nathaniel Boso (6841964) Ifedapo Adeleye (9215324) Francis Donbesuur (9197765) Michael Gyensare (9215327) Marketing sub-Saharan Africa new venture performance entrepreneurial alertness learning from failure business failure experience Business failure and its effect on entrepreneurial engagement has attracted substantial scholarly attention in entrepreneurship research. We contend that knowledge is lacking on the entrepreneurial learning mechanism and entrepreneurial alertness condition under which business failure experience influences new venture performance. In an empirical examination of 240 entrepreneurs operating in multiple industries in a sub-Saharan African country, we use a longitudinal data set to show that business failure experience does not always influence new venture performance. Rather, business failure experience influences new venture performance when it is channelled through entrepreneurial learning under conditions of increasing levels of entrepreneurial learning and a greater degree of alertness to new business opportunities. We discuss these findings and provide avenues for extending this emerging area of scholarly research. 2018-02-15T00:00:00Z Text Journal contribution 2134/12770522.v1 https://figshare.com/articles/journal_contribution/Do_entrepreneurs_always_benefit_from_business_failure_experience_/12770522 CC BY-NC-ND 4.0
institution	Loughborough University
collection	Figshare
topic	Marketing sub-Saharan Africa new venture performance entrepreneurial alertness learning from failure business failure experience
spellingShingle	Marketing sub-Saharan Africa new venture performance entrepreneurial alertness learning from failure business failure experience Nathaniel Boso Ifedapo Adeleye Francis Donbesuur Michael Gyensare Do entrepreneurs always benefit from business failure experience?
description	Business failure and its effect on entrepreneurial engagement has attracted substantial scholarly attention in entrepreneurship research. We contend that knowledge is lacking on the entrepreneurial learning mechanism and entrepreneurial alertness condition under which business failure experience influences new venture performance. In an empirical examination of 240 entrepreneurs operating in multiple industries in a sub-Saharan African country, we use a longitudinal data set to show that business failure experience does not always influence new venture performance. Rather, business failure experience influences new venture performance when it is channelled through entrepreneurial learning under conditions of increasing levels of entrepreneurial learning and a greater degree of alertness to new business opportunities. We discuss these findings and provide avenues for extending this emerging area of scholarly research.
format	Default Article
author	Nathaniel Boso Ifedapo Adeleye Francis Donbesuur Michael Gyensare
author_facet	Nathaniel Boso Ifedapo Adeleye Francis Donbesuur Michael Gyensare
author_sort	Nathaniel Boso (6841964)
title	Do entrepreneurs always benefit from business failure experience?
title_short	Do entrepreneurs always benefit from business failure experience?
title_full	Do entrepreneurs always benefit from business failure experience?
title_fullStr	Do entrepreneurs always benefit from business failure experience?
title_full_unstemmed	Do entrepreneurs always benefit from business failure experience?
title_sort	do entrepreneurs always benefit from business failure experience?
publishDate	2018
url	https://hdl.handle.net/2134/12770522.v1
_version_	1798184397586825216

Do entrepreneurs always benefit from business failure experience?

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