Spirituality and entrepreneurial failure

Singh, Smita; Corner, Patricia Doyle; Pavlovich, Kathryn

doi:10.1080/14766086.2015.1029961

Cited by 37 publications

(26 citation statements)

References 65 publications

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“…They prayed a lot to recover from this failure. This study confirms Singh's [31] research that spirituality impacts psychology recovery from business failure. Table 5 shows quotes regarding losses' recovery for entrepreneurs re-entering from business failures.…”

Section: Loss Recovery For Entrepreneurs Re-entering From Business Fasupporting

confidence: 88%

Loss Recovery for Entrepreneurs Re-Entering from Business Failure

Munawaroh¹,

Qamari²

2021

Proceedings of the 4th International Conference on Sustainable Innovation 2020-Accounting and Management (ICoSIAMS 2020)

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The purpose of this study is to identify the entrepreneurial failure impacts and how the process of recovering from losses caused by business failure to re-enter the next business. The research data were obtained using six case studies on companies that re-entered from failure. This business failure caused economic, social, and psychological costs. A failed entrepreneur needs recovery from losses that consist of economic, social, and psychological losses. The interview results with entrepreneurs uncovered that economic recovery from business failures was through family support and loans, bank loans, gifts from friends, and working as employees in other businesses. Meanwhile, the social impact recovery process was by establishing new relationships with other suppliers by instilling trust. Besides, support from family and friends was the psychological recovery. Religiously, recovery from business failure was done with more worship and giving alms.

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Section: Loss Recovery For Entrepreneurs Re-entering From Business Fasupporting

confidence: 88%

Loss Recovery for Entrepreneurs Re-Entering from Business Failure

Munawaroh¹,

Qamari²

2021

Proceedings of the 4th International Conference on Sustainable Innovation 2020-Accounting and Management (ICoSIAMS 2020)

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“…First, the stability in functioning shown by the majority of participants calls into question the implicit assumption that entrepreneurs need to recover after failure (see Cope, 2011; Shepherd, 2003; Shepherd et al, 2009; Ucbasaran et al, 2013; Yamakawa et al, 2015). We have assumed a recovery trajectory in previous studies (Singh et al, 2007; Singh et al, 2016). However, current findings encourage theorizing about multiple trajectories of functioning post failure.…”

Section: Discussionmentioning

confidence: 99%

Entrepreneurial resilience and venture failure

Corner

Singh

Pavlovich

2017

International Small Business Journal: Researching Entrepreneurs

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164

139

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This article explores the emotional and psychological functioning of entrepreneurs after venture failure. Accordingly, it investigates the extent to which entrepreneurs exhibit resilience, defined by psychologists as stability in functioning over time, despite experiencing a traumatic event. Entrepreneurial resilience is rarely investigated in the context of failure despite it being a debilitating experience. Our exploration is critical to venture creation as resilience plays a key role in re-entry into entrepreneurship. A qualitative, narrative research design reveals how 11 entrepreneurs functioned after failure. The majority of entrepreneurs show resilience; that is, they exhibit stable levels of functioning. This stability is different from the disruptions in functioning that psychologists label as ‘recovery’ from a severe event. Our findings, therefore, challenge the assumption that recovery is required after venture failure. Implications for re-entry into entrepreneurship and learning from, and coping with, failure are explored.

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“…On a similar note, a large amount of studies on spirituality and work have focused on corporate entities (Barron & Chou, 2017;Houghton, Neck & Krishnakumar, 2016;Miller & Ngunjiri, 2015;Al-Qutop & Harrim, 2014) instead of on individual entrepreneurial ventures. This situation partly contributes to a lack of cohesiveness in explaining the impact spiritual elements have on entrepreneur's decision to initiate and maintain a business venture (Singh, Corner & Pavlovich, 2016). This further downplays the study of spirituality partly because these studies do not really represent spirituality in the context of entrepreneurship.…”

Section: Spirituality In Entrepreneurshipmentioning

confidence: 99%

Exploration of Spiritual Elements in Holistic-Entrepreneur (Holistic-E) among TVET Graduate Students

Mohamad

Selamat

Ibrahim

et al. 2019

JTET

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Entrepreneurship is seen as a potential career path for overcoming the problem of unemployment. However, this career has yet to get a second or even a last option among graduates in Malaysia. Government has introduced several initiatives to cultivate entrepreneurial spirit among students or graduates such as the first surge of the Malaysia Education Blueprint 2015-2025 (Higher Education) and Entrepreneurship Action Plan 2016-2020. Despite the magnitude of these efforts, little is known whether graduates today are entrepreneurial. Furthermore, based on current achievements, this is quite difficult to implement as the desire of graduates in entrepreneurship is not particularly encouraging, especially graduates in TVET courses. Compared to previous studies on student development that only examines the external element of the student affecting entrepreneurial desires, this study focuses on the internal elements of students holistically to increase student entrepreneurial desires and improve entrepreneurship as one of the preferred careers in Malaysia in meeting the challenges of the first shift of the Malaysia Education Blueprint 2015-2025; produce more graduate entrepreneurs

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Spirituality and entrepreneurial failure

Cited by 37 publications

References 65 publications

Loss Recovery for Entrepreneurs Re-Entering from Business Failure

Loss Recovery for Entrepreneurs Re-Entering from Business Failure

Entrepreneurial resilience and venture failure

Exploration of Spiritual Elements in Holistic-Entrepreneur (Holistic-E) among TVET Graduate Students

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