Learning rock climbing: Building a metaphor to tame fear of failure in young entrepreneurs

Miruna Radu Lefebvre (), François Fourcade and Véronique Tram
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Miruna Radu Lefebvre: Audencia Recherche - Audencia Business School

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Abstract: Identified as one of the main obstacles to new business creation, fear of failure significantly impacts entrepreneurial self-efficacy beliefs, and therefore entrepreneurial intentions. We examine the role of emotions in the development of entrepreneurial self-efficacy, and emphasize the impact of entrepreneurial education in enhancing students' ability to cope with stressful negative emotions when confronted with risky situations. Over a period of two years, we studied a cohort of 34 graduate students enrolled in an experiential "climbing and entrepreneurship" program designed to investigate the role of positive and negative emotions on risk propensity and entrepreneurial self-efficacy. The climbing metaphor invited participants to transcend their physical and mental limitations in an attempt to reveal their entrepreneurial potential.

Date: 2014-08-01
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Published in Academy of Management (AOM), Aug 2014, United States

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01016990

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