Research on Factors Affecting the Entrepreneurial Learning From Failure: An Interpretive Structure Model

• Main Authors: Jiangru Wei, Yuting Chen, Jing Zhang, Yonghua Gong
• Format: Article
• Language: English
• Published: Frontiers Media S.A. 2019-06-01
• Series: Frontiers in Psychology
• Subjects: entrepreneurial learning from failure; ISM; entrepreneurial education; self-efficacy; emotion regulation
• Online Access: https://www.frontiersin.org/article/10.3389/fpsyg.2019.01304/full

Based on the interpretive structure model of system dynamics, this paper constructs a hierarchical structure model of factors affecting the entrepreneurial learning from failure, which has been also tested through a case of entrepreneurship. The study finds that: (1) there are 15 factors influencing entrepreneurial learning from failure that play different hierarchical roles; (2) the entrepreneurs’ self-efficacy, as a key influencing factor of entrepreneurial learning from failure, can be cultivated and improved by enriched the entrepreneurs’ successful career experience. In addition, emotion regulation after the entrepreneurial failure is also a key influencing factor of the entrepreneurial learning from failure and the emotion management is deemed as an important part of entrepreneurship education; (3) the entrepreneurial education may affect the entrepreneurship learning from failure indirectly by affecting the entrepreneurs’ self-efficacy; (4) the economic conditions, the policy support, the industry characteristics and the cultural sensemaking of failure are the macro factors that may affect the entrepreneurship learning from failure.