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Entrepreneurial Venture Failure Experiences: An analysis into causes, costs, and outcomes of venture failure
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation. KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Industrial Marketing and Entrepreneurship.
2016 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesisAlternative title
Företagande misslyckande erfarenheter : En analys i orsaker, kostnader och resultat av företagets misslyckande (Swedish)
Abstract [en]

Research on entrepreneurship focuses on success which ignores the high failure rate of new ventures. Many new ventures fail so how entrepreneurs deal with it when their venture fails? Successful entrepreneurs praising the advantages of failure as a valuable teacher. The result of failure is regularly filled with economic, social, psychological, and physical health disorder. The aim of this research is to assessment venture failure experiences for entrepreneurs, from the instant result through to recovery for coping with entrepreneurial failure and exit for impact of the closed venture. In this research, aspects of life affected by entrepreneurial failure examine economically, socially and psychologically in highlighting factors that may influence the amount of costs of failure. Next, the research describes how entrepreneurs learn from failure. It presents on the outcomes of venture failure, including coping with failure and recovery together with cognitive and behavioral outcomes.

The main objective of the research study is to understand the failure from entrepreneurs who have experienced it and also to make a theoretical framework of failure based on entrepreneurial venture failure experiences. Every entrepreneur starts up a venture with high expectations of achieving success. Failure can be emotionally disturbing, devastating, painful, distressing and costly for the entrepreneur who may have to aspect the stigma of failure and the loss of reputation. The entrepreneur can get involved in grief, heartache, anxiety, depression, shame, rejection and discouragement (Politis & Gabrielsson, 2009). The purpose of the research is to investigate how entrepreneurs realize and react to venture failure.

Moreover, entrepreneurs are looking for positive aspects of failure as enhancing experiences that help their coping with entrepreneurial failure, learning from failure, the willingness to begin a new venture and also trigger changes in upcoming decision-making. The purpose of the research is to take a view of the existed experience of failure, taking into consideration impact from the entrepreneurship.

Abstract [sv]

Forskning om entreprenörskap fokuserar på framgång som ignorerar den höga felfrekvensen av nya företag. Många nya företag misslyckas så hur entreprenörer hantera det när deras företag misslyckas? Framgångsrika entreprenörer prisar fördelarna med misslyckande som en värdefull lärare. Resultatet av misslyckande regelbundet fylld med ekonomiska, sociala, psykologiska och fysiska hälsoproblem. Syftet med denna forskning är att bedöma företagets misslyckande upplevelser för företagare, från det ögonblick resultatet genom att återhämtningen för att hantera företagande fel och avsluta för påverkan av den slutna företag. I denna forskning aspekter av livet som påverkas av entreprenörs fel undersöka ekonomiskt, socialt och psykologiskt att belysa faktorer som kan påverka mängden av kostnaderna för ett misslyckande.

Därefter beskriver forskningen hur entreprenörer lära av misslyckanden. Den presenterar på resultaten av företagets misslyckande, inklusive hantera fel och återhämtning tillsammans med kognitiva och beteendemässiga utfall.

Place, publisher, year, edition, pages
2016. , p. 86
Series
Examensarbete INDEK ; 2016:111
Keyword [en]
Failure, Venture Failure, Entrepreneur Failure, Business Failure, Bankruptcy, Discontinuity, Insolvency, Liquidation, Dissolution, Causes of Failure, Costs of Failure, Financial Costs of Failure, Social Costs of Failure, Psychological Costs of Failure, Cope with Failure, Venture Recovery, Re-entry into Entrepreneurship, Financial loss, Outcome from Failure, Learning from Failure.
Keyword [sv]
Misslyckande, Företaget Fel, Entreprenör misslyckande, Konkurser, Konkurs, Likvidation, Upplösning, Orsaker till misslyckande, Kostnader för fel, Finansiella kostnaderna för ett misslyckande, Sociala kostnaderna för ett misslyckande, Psykologiska kostnaderna för ett misslyckande, klara fel, Ekonomisk skada, Entreprenöriella processen.
National Category
Other Engineering and Technologies not elsewhere specified
Identifiers
URN: urn:nbn:se:kth:diva-202587OAI: oai:DiVA.org:kth-202587DiVA, id: diva2:1077735
Subject / course
Entrepreneurship and Innovation Management
Educational program
Master of Science - Entrepreneurship and Innovation Management
Presentation
2016-05-25, Stockholm, 19:20
Supervisors
Examiners
Available from: 2017-03-23 Created: 2017-02-28 Last updated: 2017-03-23Bibliographically approved

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