Under what conditions do entrepreneurs learn from their previous failures and do better in the next round? Drawing on the cognitive literature in attribution and motivation, we shed light on the process of entrepreneurs’ recovery from failure. Amassing a database of new-venture founders with previous business failure experience, we investigate how their number of previous failures, their attribution of the cause of failure, and their motivation to start up another business upon failure impact the growth of their subsequent ventures.
BABSON COLLEGE IRENE M. MCCARTHY AWARD FOR THE BEST PAPER ON THE TOPIC OF HIGH TECHNOLOGY
Yamakawa, Yasuhiro; Peng, Mike W.; and Deeds, David L.
"REVITALIZING AND LEARNING FROM FAILURE FOR FUTURE ENTREPRENEURIAL GROWTH,"
Frontiers of Entrepreneurship Research: Vol. 30
, Article 1.
Available at: http://digitalknowledge.babson.edu/fer/vol30/iss6/1