Learning from past experience: Footnotes on mindfulness and habitual entrepreneurship

Claus Rerup

Scandinavian Journal of Management, 2005, vol. 21, issue 4, 451-472

Abstract: Although scholars have long recognized that failure is endemic to entrepreneurial activity, they have implicitly argued that prior entrepreneurial experience positively affects opportunity discovery and opportunity exploitation. In contrast, I argue that the degree of mindfulness with which entrepreneurs use prior experience can both help and harm their ability to discover and exploit opportunities. I draw on several literatures, including studies of habitual entrepreneurship, behavioral learning theory, and theories of mindfulness, to develop a framework that yields insights about how, when and why habitual entrepreneurs' use of past experience might improve the performance of their new ventures.

Keywords: Organizational; learning; Mindfulness; Habitual; entrepreneurship; Opportunity; discovery; Opportunity; exploration (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (38)

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