Exploring the Necessity-based and Opportunity-based Serial Entrepreneurs' Experience of Failure

Articles in Press

Document Type : Original Article

Authors

1 Assistant professor, Department of Human Resource Management and Business Administration, Faculty of Management, Kharazmi University, Tehran, Iran

2 MSc in Entrepreneurship, Kharazmi University, Tehran, Iran

10.48301/kssa.2023.390244.2491

Abstract

Failure is an integral part of the entrepreneurial process, and its experience profoundly affects the entrepreneur. This issue is particularly important for serial entrepreneurs who have recovered from failure and started entrepreneurship again. In this research, the multiple case-study method was used to analyze the experience of failure in opportunity and necessity serial entrepreneurs. Data were obtained from interviews with 19 serial entrepreneurs, and data analysis was done using MAXQDA software. The results show that necessity and opportunity serial entrepreneurs have differences in perception, reasons, and overcoming failure. Necessity serial entrepreneurs have more objective perceptions of failure than opportunity entrepreneurs, consider individual factors more than others as the cause of their failure, and perform different actions during failure. By examining the similarities and differences in the failure experience of necessity and opportunity serial entrepreneurs, this study reveals new paths in the research of entrepreneurs' failure. The results of this study can be used in the planning of entrepreneurship education and transfer the reasons and learnings of the serial entrepreneur to new entrepreneurs.

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Karafan Quarterly Scientific Journal

Articles in Press, Accepted Manuscript
Available Online from 08 September 2023

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History

  • Receive Date: 13 April 2023
  • Revise Date: 24 June 2023
  • Accept Date: 05 September 2023

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