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Entrepreneurial experience and the innovativeness of serial entrepreneurs
Management Decision ( IF 4.1 ) Pub Date : 2019-11-12 , DOI: 10.1108/md-06-2017-0592
Yancy Vaillant , Esteban Lafuente

The purpose of this paper is to examine the effects of past entrepreneurial experience on the reported innovativeness of serial entrepreneurs’ subsequent ventures.,Building on insights from the generative entrepreneurial learning process and from cognition theories, the authors propose that regardless of the type of entrepreneurial experience, positive or negative, such experience enriches the cognitive schemas of serial entrepreneurs leading them to greater reported innovativeness. The proposed hypotheses are tested on a unique sample drawn from a Catalan adult population survey.,Results reveal that practical experience is an essential prerequisite for entrepreneurial learning, and even negative entrepreneurial experience may induce generative entrepreneurial learning suitable for subsequent outperforming ventures for the psychologically strong who have managed to learn from their experience.,The importance of this study stretches beyond a purely academic discussion and has implications for policy making within the area of business and economic development. Appropriate policy depends on the likeliness for serial entrepreneurs to improve. Thus, if serial entrepreneurs learn from their venturing experiences and/or acquire valuable knowledge from them, they may perform better, on average, in subsequent ventures. If subsequent ventures do build upon prior entrepreneurial experiences, calls for policy to encourage re-entries by entrepreneurs may be warranted, even if those entrepreneurs performed poorly in their previous ventures.,The authors analyze the impact of past performance of serial entrepreneurs on the reported innovativeness of their subsequence ventures. The contributions of this study stand as: the inclusion of the re-entry decision together with the innovativeness decision of entrepreneurs within the same model; separation of the positive or negative nature of serial entrepreneurs’ past experiences; focus on the entrepreneur rather than the firm as a unit of analysis; the use of a unique primary data set specifically collected for the purpose of this study about the past entrepreneurial experience of the Catalan adult population.

中文翻译:

创业经验和连续企业家的创新精神

本文的目的是检验过去创业经验对连续创业者后续创业创新报道的影响。基于生成型创业学习过程和认知理论的见解,作者建议,无论创业类型如何无论是积极的还是消极的经验,这种经验丰富了连续企业家的认知模式,使他们获得了更大的报告创新性。拟议的假设在加泰罗尼亚成年人口调查中抽取的独特样本上进行了检验。结果表明,实践经验是创业学习的必要前提,甚至消极的创业经验也可能会诱导产生的创业学习,适合那些后来从心理上成功学习的有实力的心理强者胜出的创业公司。商业和经济发展。适当的政策取决于连续创业者改进的可能性。因此,如果连续创业者从他们的冒险经历中学习和/或从中获得有价值的知识,那么他们在随后的冒险中平均表现会更好。如果后续的业务确实以先前的创业经验为基础,则可能需要采取政策鼓励企业家重新进入,即使这些企业家在先前的创业中表现不佳。作者也分析了连续企业家的过往业绩对其所报告的子企业的创新性的影响。本研究的贡献在于:在同一模型中将再入决策与企业家的创新决策结合在一起;区分连​​续企业家过去的经验的正面或负面性质;关注企业家而不是公司作为分析单位;为了本研究的目的而专门收集的有关加泰罗尼亚成年人口过去创业经历的独特原始数据集的使用。本研究的贡献在于:在同一模型中将再入决策与企业家的创新决策结合在一起;区分连​​续企业家过去的经验的正面或负面性质;关注企业家而不是公司作为分析单位;为了本研究的目的而专门收集的有关加泰罗尼亚成年人口过去创业经历的独特原始数据集的使用。本研究的贡献在于:在同一模型中将再入决策与企业家的创新决策结合在一起;区分连​​续企业家过去的经验的正面或负面性质;关注企业家而不是公司作为分析单位;为了本研究的目的而专门收集的有关加泰罗尼亚成年人口过去创业经历的独特原始数据集的使用。
更新日期:2019-11-12
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