Entrepreneurial Failure and Resilience: A Continuous Interplay Between Rigidity and Flexibility

Abstract

Resilience studies are increasingly relevant to understand business processes. This study aimed to explore how entrepreneurs in Mexico recovered from situations of business failure. Which key factors did move en­trepreneurs to move forward with their ventures rather than desisting after a failure event? Through a qua­litative study that utilized focus groups with entrepreneurs that had faced entrepreneurial failure, discourses, and repre­sen­tations around the failure experience were analyzed. Findings suggested that entrepreneurs lied in a con­tinuum between resilience and resistance, depending on their access assets such as entrepreneurial networks, ecosystems, and pool of knowledge as antecedents of resistance and resilience. The study shed light in the understanding of the role communities surrounding entrepreneurs played in their trajectory, failure, and even­tual recovery.

The moderation effect of entrepreneurial resilience on the relationship between financial literacy and sustainable performance

“…In this study, the findings support the importance of entrepreneurial resilience on the sustainability of the performance of SMEs in the examined context. It is evident from these findings that entrepreneurial resilience positively affects SMEs’ success ( Fatoki, 2018 ; Borbolla-Albores and Reyes-Mercado, 2022 ). Small- and medium-sized enterprises perform better when entrepreneurial resilience is present.…”

Stakeholder Engagement Analysis of One Village One Product (Ovop) Movement in Aceh, Indonesia

“…Following the establishment of OVOP in several countries including Indonesia, the movement provides not only positive results but also challenging situation. due to its diversity, OVOP experiences a common challenge which in common to be a lack of know-how collaborative work within stakeholders to obtain comprehensive information towards available resources and services to support local resource limitation (Aizono, 2012;Kurokawa et al, 2010). This circumstance emphasizes the importance of stakeholder engagement to convey key initiatives from national level (government) to local people.…”