Once bitten, twice shy? The relationship between business failure experience and entrepreneurial collaboration

2022 ◽  
Vol 139 ◽  
pp. 983-992
Author(s):  
Joseph Amankwah-Amoah ◽  
Samuel Adomako ◽  
Damoah Obi Berko
Keyword(s):  
Business Failure ◽  
The Relationship ◽  
Failure Experience

Make Use of the Difference of Failure and Exit to Improve the Operation Efficiency

2020 ◽  
pp. 164-184
Author(s):  
Yangyang Chen ◽  
Weiwei Dong ◽  
Dixuan Zhang ◽  
Mingwei Jin
Keyword(s):  
High Probability ◽  
Business Failure ◽  
Entrepreneurial Ecosystem ◽  
Operation Efficiency ◽  
Know How ◽  
Serial Entrepreneurship ◽  
Financial Condition ◽  
The Difference ◽  
Failure Experience ◽  
Entrepreneurial Exit

As business failure is a high probability event that influences the operation efficiency of the entrepreneurial ecosystem, it is necessary to know how to manage business failure experience to promote serial entrepreneurship and improve circulation in the ecosystem. While most scholars agree that it is different between failure and exit, DeTienne suggests that exit could be a way to avoid failure and protect the passion and financial condition of entrepreneurs. Therefore, this chapter analyzes the difference of failure and exit and conducts a model to help entrepreneurs decide whether to exit and how to choose a better way to exit entrepreneurship. In the meantime, this chapter analyzes why entrepreneurial exit can improve the operation efficiency of entrepreneurial ecosystem, and also it would give some ideas about how to bound from failure and benefit from failure to do better next time. After reading this chapter, entrepreneurs have the idea that failure is controllable and exit may be a restart to do business more successfully.

scholarly journals Supply Chain Management and Customer Satisfaction in Small to Medium Enterprises

2016 ◽  
Vol 61 (3) ◽  
pp. 43-58 ◽  
Author(s):  
Osayuwamen Omoruyi ◽  
Chengedzai Mafini
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Customer Satisfaction ◽  
Product Quality ◽  
Management Practices ◽  
Product Variety ◽  
Business Failure ◽  
Chain Management ◽  
Medium Enterprises ◽  
The Relationship

Abstract To circumvent the possibility of business failure, small to medium enterprises in emerging economies face mounting pressure to increase the satisfaction of their customers. The adoption of supply chain management practices is critical to the provision of quality products and services as well as the satisfaction of customers by small to medium enterprises. This paper investigated the relationship between customer satisfaction, supply chain management practices and three input factors; namely, product quality, flexibility and product variety in small to medium enterprises. The study adopted a quantitative approach in which a four section questionnaire was distributed to 131 managers in small to medium enterprises based in Gauteng Province, South Africa. Hypotheses were tested using regression analysis. The results of the study revealed that product quality and flexibility predicted supply chain management practices. Supply chain management practices were also statistically significant, and mediated the relationship between customer satisfaction and product quality and flexibility. Based on these results, conclusions were drawn and appropriate recommendations were made.

scholarly journals Do entrepreneurs always benefit from business failure experience?

2019 ◽  
Vol 98 ◽  
pp. 370-379 ◽  
Author(s):  
Nathaniel Boso ◽  
Ifedapo Adeleye ◽  
Francis Donbesuur ◽  
Michael Gyensare
Keyword(s):  
Business Failure ◽  
Failure Experience

scholarly journals Accounting Function as Management Performance Tool in Organizations

2020 ◽  
pp. 67-74
Author(s):  
John Nkeobuna Nnah Ugoani
Keyword(s):  
Financial Reporting ◽  
Accounting Information ◽  
Financial Statement ◽  
Business Failure ◽  
Exploratory Research ◽  
Management Performance ◽  
Cross Sectional ◽  
Audit Failure ◽  
Audit Reports ◽  
The Relationship

Accounting function aims at providing accurate and sufficient accounting information to facilitate proper financial reporting and management performance. Accounting information is usually in the form of periodic or annual financial statements which are products of costing, financial and management accounting prepared for the benefit of a number of external interest groups. Accounting has its roots in the stewardship approach and as a management performance tool to guide the agent and the principal over the exact status of the going concern. Accounting function also involves financial statement analysis, interpreting the accounts by computing and evaluating ratios which relate pairs of financial information or items with one another. This analysis of ratios can be cross-sectional comparing the results of one company with another or trend. In doing so close attention is usually paid to profitability ratio to help keep pace with effective management performance. The exploratory research design was adopted for the study and result showed positive correlation between accounting function and management performance. The study was not exhaustive, therefore, further study should examine the relationship between audit failure and business failure as a matter of finding a solution to the problem. It was recommended that management should always carefully study audit reports to enhance decision making and management performance.

scholarly journals Human capital flows in failing organizations: an integrated conceptual framework

2018 ◽  
Vol 19 (4) ◽  
pp. 732-746 ◽  
Author(s):  
Joseph Amankwah-Amoah
Keyword(s):  
Human Capital ◽  
Conceptual Framework ◽  
Capital Flows ◽  
Capital Accumulation ◽  
Design Methodology ◽  
Failure Process ◽  
Business Failure ◽  
Capital Theory ◽  
Content Type ◽  
The Relationship

PurposeThe purpose of this paper is to examine the dynamics of human capital accumulation and human capital depletion in the processes leading to business failure.Design/methodology/approachBuilding on the human capital theory, strategic human resource and business failure literature, this paper develops a conceptual framework which links the inward and outward dimensions of human capital flows in the business failure process.FindingsThe analysis sheds light on why some highly skilled individuals may opt to flee declining firms to avoid being stigmatised whilst others become motivated to joint such firms.Research limitations/implicationsThe paper suggests that understanding the nature and dynamics of both flows are essential when seeking to avert collapse.Originality/valueIn spite of a growing body of research on business failure and intense competition for top talent, much of the existing literature has circumvented the relationship between them. This study develops a unified model towards enhancing our understanding of the human capital flows.

Cognitive consequences of business shut down. The case of Ugandan repeat entrepreneurs

2014 ◽  
Vol 20 (3) ◽  
pp. 263-277 ◽  
Author(s):  
Arthur Sserwanga ◽  
Gerrit Rooks
Keyword(s):  
Attribution Theory ◽  
Business Performance ◽  
Business Failure ◽  
Business Success ◽  
Past Performance ◽  
Content Type ◽  
Practical Applications ◽  
Subsequent Performance ◽  
Start Up ◽  
The Relationship

Purpose – The purpose of this paper is to focus on the cognitive and motivational consequences of a business failure, and their relation with subsequent start up success. The paper hypothesizes that if previous business failure was attributed to an internal and stable cause, subsequent business would be less successful compared to where an entrepreneur attributed business failure to an internal and unstable cause. Design/methodology/approach – The authors reviewed the literature on attribution theory in an achievement context and derived a hypothesis about the relation between causal thinking and subsequent business success. A survey amongst entrepreneurs in Uganda was carried out to yield insights on how attributions to past performance influence subsequent business performance. Findings – Entrepreneurs who attributed previous business failure to an internal, stable cause were found to be less successful in subsequent business start up. When repeat entrepreneurs attribute previous shut down to a lack of ability, they are less successful in a subsequent business start up. However, attributing the failure to a lack of effort, does not affect subsequent business success. Originality/value – The study reaffirms the importance of attributional thinking in entrepreneurship and provides empirical evidence on the relationship between the way entrepreneurs think about their previous performance and subsequent performance. Attributional thinking influences subsequent business actions and outcomes, which offers important practical applications. For instance training to change attributions of entrepreneurs may be used to influence their eventual performance.

Risk and Failure in Tax Farming: De Bruijn & Cloots of Lisbon and the Portuguese Tobacco Monopoly, 1722–1727

Itinerario ◽  
2019 ◽  
Vol 43 (01) ◽  
pp. 122-145
Author(s):  
Susana Münch Miranda
Keyword(s):  
Business Failure ◽  
Early Modern Europe ◽  
Negative Effects ◽  
Tobacco Tax ◽  
Tax Farming ◽  
The One ◽  
Tobacco Monopoly ◽  
The Relationship ◽  
Organizational Innovations ◽  
Shed Light

AbstractBy examining how a Dutch firm in Lisbon operated two Portuguese tobacco tax farms from 1722 to 1727 and failed subsequently, this article brings together, on the one hand, research on the relationship between state and business groups through a monopolistic rent provided by the empire and, on the other hand, a growing literature discussing institutional and economic variables, as well as human agency, in business failure in early modern Europe. The article aims to achieve two goals. The first is to shed light on the perspective of the Dutch tax farmers, highlighting why they chose to incur the risks of managing a nationwide sales monopoly and the business model they implemented to maximize profits and mitigate risks, while the second is to examine the general and specific reasons behind their ultimate downfall. It concludes that, despite the organizational innovations they introduced and that led them to exploit interconnected businesses, the Dutch partners were unable to overcome the negative effects of conjunctural and contingent factors that temporarily squeezed the domestic consumption of tobacco.

Sign in / Sign up

Export Citation Format

Share Document