Karafan Journal

Karafan Journal

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

Document Type : Original Article

Authors
Armin Khaleghi Forghani 1
Hamza Khastar 1
Mohammadreza Toozandjani 2
1 Assistant Professor, Department of Human Resource Management and Business Administration, Faculty of Management, Kharazmi University, Tehran, Iran.
2 MSc, Faculty of Management, 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 conducted using MAXQDA software. The results showed 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 revealed 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.
Keywords
Serial Entrepreneurship Necessity
base Entrepreneurship Opportunity
based Entrepreneurship Perception of Failure Learning From Failure
Subjects
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Karafan Journal
Volume 21, Special Issue
Humanities
Winter 2025
Pages 111-133

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