[DOWNLOAD] "Coping with Failure, Mental Health and Career Intentions Among Failed Entrepreneurs." by Asia-Pacific Business Review # eBook PDF Kindle ePub Free
eBook details
- Title: Coping with Failure, Mental Health and Career Intentions Among Failed Entrepreneurs.
- Author : Asia-Pacific Business Review
- Release Date : January 01, 2009
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 262 KB
Description
Introduction The ratio of research studies on entrepreneurs are more predominantly tilted towards determinants of entrepreneurial success stories than exploration of failures and its effect on entrepreneurs life style (Shepherd, 2003; Minniti and Bygrave, 2001). Exploration of attributes to failure of business operations were reported more often than the types of coping styles, mental health, and future career choices of those entrepreneurs who had failed. For instance, attributes to failure in entrepreneurial venture were in general classified into two broad categories--internal factors (poor management, inexperience, arrogance, poor business policy etc) and external factors (strong competition, slow market growth, small market size, lack of parental support, difficulty in staffing, non utilization of professional advice from experts etc) (Ballantin et.al, 1992; Gaskill et al., 1993; Gaskill et al., 1994; Pech and Alistair, 1993; Zacharakis et al., 1999). In recent times, the types of coping mechanisms adopted by those entrepreneurs who had encountered adverse situation are gaining much attention among the researchers (Cannon & Edmondson, 2001; McGrath, 1999; Minniti & Bygrave, 2001; Saraswathy, 2004; Shepherd, 2003; Shepherd, 2004). Such type of studies which are aimed at examining what happens after the firm fails in the business venture and its impact on person's life with respect to economic, psychological, physiological and social aspects will certainly facilitate to take appropriate corrective actions for all those, who had associated with such collapsed business venture. Systematic examination on the extent to which entrepreneurs cope with failure experience and the influence of such coping mechanisms on the capacity of entrepreneur's learning from failure will immensely help to provide suitable assistance to those targeted categories of miserable entrepreneurs, who are in dire need of helping hand. The entrepreneurial failure may lead to have different career intentions to pursue in their life. Some gets scared and eventually prefer working for others to venture once again, some may opt to re-start once again based on the their trial and learning process. Research studies acknowledged strongly that failure may provide learning that improves an entrepreneur's probability of success in subsequent entrepreneurial initiatives (Folkman et.al, 2004; Folkman et al., 1986; Kinicki et al., 2000; and Choo and Wong 2006; Singh et al., 2007). Alvarez and Barney (2005) offered "creation" view of entrepreneurship which describes opportunity identification as an emergent process, wherein commercially viable opportunities take shape through a trial and error learning process of entrepreneurs' failure. It appears very important to study the topic of coping with entrepreneurial failure because Shepard (2003), suggests that entrepreneurs who experience grief from business failure may likely trigger a negatively emotional response in every activity that interferes with entrepreneur's learning ability. Hence, enhancing a proper coping mechanism for such an entrepreneurial failure event seem to facilitate enriching their knowledge base very widely to turn them around in future ventures.
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