Emergent learning and change in strategy: empirical study of Chinese serial entrepreneurs with failure experience

Song Lin, Yasuhiro Yamakawa and Jing Li ()
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Song Lin: Central University of Finance and Economics
Yasuhiro Yamakawa: Babson College
Jing Li: Central University of Finance and Economics

International Entrepreneurship and Management Journal, 2019, vol. 15, issue 3, No 6, 773-792

Abstract: Abstract The risk and uncertainty of entrepreneurial activity is high, and failures are common. The existing literature has emphasized that serial entrepreneurs can learn from failures, but studies on how learning affects strategic actions in subsequent entrepreneurship activities are rare. This paper uses the strategic incrementalism perspective to focus on emergent learning and changes in strategy for serial entrepreneurs with failure experience. The empirical results demonstrate that with more intensive emergent learning, serial entrepreneurs make more substantial strategic changes in subsequent entrepreneurship endeavors, and entrepreneurial performance can moderate such relationships.

Keywords: Emergent learning; Change in strategy; Serial entrepreneur; Business failure (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (9)

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DOI: 10.1007/s11365-018-0554-z

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