The Impact of Learning From Failure on New Ventures’ Sustainable Development

Frontiers in Psychology

Ling Zhang¹  Ekaterina Shirshitskaia¹  Xue Zhou² 

[1] Business School, Qingdao University, Qingdao, China;null;

关键词: entrepreneurial dynamic capability;    strategic decision comprehensiveness;    learning from failure;    new ventures’ sustainable development;    resource orchestration theory;   

DOI  :  10.3389/fpsyg.2021.784518

来源: Frontiers

【 摘 要 】

How to absorb failure experiences to achieve reunification and turn crises into opportunities is crucial for enterprises. We examine the effect of learning from failure on new ventures’ sustainable development from the lens of resource orchestration theory. With 193 samples of entrepreneurs in Mainland China, this study provides the first quantitative evidence regarding how learning from failure influences new ventures’ sustainable development through entrepreneurial dynamic capability and strategic decision comprehensiveness. Stepwise regression analysis results show that learning from failure has a positive impact on the entrepreneurial dynamic capability and strategic decision comprehensiveness. Entrepreneurial dynamic capability and strategic decision comprehensiveness positively influence new ventures’ sustainable development, and exert mediating roles between learning from failure and new ventures’ sustainable development.

【 授权许可】

CC BY