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

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 Mainl...

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Autores principales:	Ekaterina Shirshitskaia, Xue Zhou, Ling Zhang
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	entrepreneurial dynamic capability strategic decision comprehensiveness learning from failure new ventures’ sustainable development resource orchestration theory Psychology BF1-990
Acceso en línea:	https://doaj.org/article/6a2d8608e76c44a38532c9e1a216c837
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spelling	oai:doaj.org-article:6a2d8608e76c44a38532c9e1a216c8372021-12-01T18:13:52ZThe Impact of Learning From Failure on New Ventures’ Sustainable Development1664-107810.3389/fpsyg.2021.784518https://doaj.org/article/6a2d8608e76c44a38532c9e1a216c8372021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fpsyg.2021.784518/fullhttps://doaj.org/toc/1664-1078How 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.Ekaterina ShirshitskaiaXue ZhouLing ZhangFrontiers Media S.A.articleentrepreneurial dynamic capabilitystrategic decision comprehensivenesslearning from failurenew ventures’ sustainable developmentresource orchestration theoryPsychologyBF1-990ENFrontiers in Psychology, Vol 12 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	entrepreneurial dynamic capability strategic decision comprehensiveness learning from failure new ventures’ sustainable development resource orchestration theory Psychology BF1-990
spellingShingle	entrepreneurial dynamic capability strategic decision comprehensiveness learning from failure new ventures’ sustainable development resource orchestration theory Psychology BF1-990 Ekaterina Shirshitskaia Xue Zhou Ling Zhang The Impact of Learning From Failure on New Ventures’ Sustainable Development
description	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.
format	article
author	Ekaterina Shirshitskaia Xue Zhou Ling Zhang
author_facet	Ekaterina Shirshitskaia Xue Zhou Ling Zhang
author_sort	Ekaterina Shirshitskaia
title	The Impact of Learning From Failure on New Ventures’ Sustainable Development
title_short	The Impact of Learning From Failure on New Ventures’ Sustainable Development
title_full	The Impact of Learning From Failure on New Ventures’ Sustainable Development
title_fullStr	The Impact of Learning From Failure on New Ventures’ Sustainable Development
title_full_unstemmed	The Impact of Learning From Failure on New Ventures’ Sustainable Development
title_sort	impact of learning from failure on new ventures’ sustainable development
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/6a2d8608e76c44a38532c9e1a216c837
work_keys_str_mv	AT ekaterinashirshitskaia theimpactoflearningfromfailureonnewventuressustainabledevelopment AT xuezhou theimpactoflearningfromfailureonnewventuressustainabledevelopment AT lingzhang theimpactoflearningfromfailureonnewventuressustainabledevelopment AT ekaterinashirshitskaia impactoflearningfromfailureonnewventuressustainabledevelopment AT xuezhou impactoflearningfromfailureonnewventuressustainabledevelopment AT lingzhang impactoflearningfromfailureonnewventuressustainabledevelopment
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The Impact of Learning From Failure on New Ventures’ Sustainable Development

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