Making the Most of Failure Experiences: Exploring the Relationship between Business Failure and the Identification of Business Opportunities

Mueller, Brandon; Shepherd, Dean A.

doi:10.1111/etap.12116

Cited by 101 publications

(89 citation statements)

References 120 publications

(147 reference statements)

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“…B. Mueller and A. Shepherd (2016) "explored several cognitive moderators of the relationship between failure experiences and a specific type of opportunity identification knowledge-the use of structural alignment processes. Results indicate that learning from failure is facilitated for entrepreneurs who possess a cognitive toolset that consists of opportunity prototypes and an intuitive cognitive style.…”

Section: Literature Reviewmentioning

confidence: 99%

Startup Revenue Model Failures

Bednár¹,

Tarišková²,

Zagorsek³

2018

Montenegrin Journal of Economics

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Start-up is a fast-growing business and its revenue model, as conceptual framework for revenue, income and above average return on investment generation, can be considered to be the heart of the business model and the key to its success.The subject of the study are the specifics of startup monetization models in Slovakia. The main goal of the study is to define the types of revenue models used on Slovak startups market place and to answe the question whether there is a significant difference in startups' revenue failures due to the revenue model, pricing model and time of payment. The methods used in gathering data were regular one on one in person interviews with startup founders and the ANOVA and Tukey's honest significant difference methods. We considered the results to be statistically significant if they were on level p < 0.05. The results we found is a significant difference between focusing on a concrete revenue model compared to not having one and there was not a significant difference among models itself.

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Section: Literature Reviewmentioning

confidence: 99%

Startup Revenue Model Failures

Bednár¹,

Tarišková²,

Zagorsek³

2018

Montenegrin Journal of Economics

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“…The failure results often contained "positive" resources. The integration and absorption of these failed resources can improve firms' follow-up innovation activities (Mueller and Shepherd, 2016). Increasing re-innovation input can enhance the resource integration and knowledge absorption ability of failed firms.…”

Section: Re-innovation From Failure and Firm Performancementioning

confidence: 99%

Re-Innovation from Failure, Institutional Environmental Differences, and Firm Performance: Evidence from China

Xiong¹,

Wang²,

Zhao³

2020

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Due to an anti-failure bias, theoretical and practical studies have not focused much on the problem of innovation failure. The literature does not include studies on how the effect of re-innovation input on firm performance can still be explained by existing theories, especially in the case of previous innovation failures. To explore the intrinsic relationship between the re-innovation from failure and firm performance, as well as the influencing mechanism of the institutional environment differences on a firm's re-innovation activities, using the data of the Listed Companies in China's pharmaceutical manufacturing industry from 2008 to 2014 and a multiple regression model, the relationships between the reinnovation from failure, institutional environment differences, and firm performance were analyzed from 3 aspects: government intervention, financial development, and legal environment. The results show that the re-innovation input from failure has a significant positive impact on firm performance. The level of government intervention and the level of financial development play significant negative and positive moderating roles in the relationship between the re-innovation input and firm performance, respectively, and the above-mentioned effects are more prominent in eastern China. Moreover, with the improvement of the marketization of the financial industry, the beneficial effect of the reinnovation input from failure on firm performance in state-owned firms will be further strengthened. However, the moderating effect of the legal environment is not obvious.

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“…However, Uslu (2015) finds significant differences in the interaction of HR practices and innovation between public and private sectors. Additionally, organizational behavior theory has pervasively touted failure as a prerequisite for learning and innovations (Mueller and Shepherd, 2016). This failure-innovation interplay, however, is not salient to the private sector only.…”

Section: Introductionmentioning

confidence: 99%

Human Resource Practices, Failure Management Approaches and Innovations in Serbian Public Administration

Radonić

Milosavljević

2019

TRAS

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This paper responds to a recent call for research on public administration innovations as a necessity for the development of modern governance. In particular, this paper aims to examine the role of high-performing human resource practices in fostering the innovation of public administration. In addition, the study explores the mediating effect of failure management practices on innovativeness. A sample of 618 political appointees and civil servants from Serbian central administration was used to test the aforementioned hypotheses. The results indicate that high performing human resource practices have a positive effect on innovativeness. However, the magnitude of specific practices varies significantly.

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Making the Most of Failure Experiences: Exploring the Relationship between Business Failure and the Identification of Business Opportunities

Cited by 101 publications

References 120 publications

Startup Revenue Model Failures

Startup Revenue Model Failures

Re-Innovation from Failure, Institutional Environmental Differences, and Firm Performance: Evidence from China

Human Resource Practices, Failure Management Approaches and Innovations in Serbian Public Administration

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