Individual and collective entrepreneurial learning from business failures

dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorBui, Hong Nhung
dc.contributor.departmentJohtamisen laitosfi
dc.contributor.departmentDepartment of Management Studiesen
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2016-06-14T06:01:02Z
dc.date.available2016-06-14T06:01:02Z
dc.date.dateaccepted2016-04-12
dc.date.issued2016
dc.description.abstractThe purpose of this study is to explore the individual and collective experience of different types of small business failures (i.e. not business closure) and, subsequently, to explain how individual and collective learning from failures takes place in the development of new start-ups. Embedded in the literature on failure and learning, the empirical analysis is based on 20 in-depth interviews with members from two Finnish startups (Tuxera and Bitbar) and it applies the Gioia-method to explore and generalize - individual and collective - patterns of sense-making of, and learning from, entrepreneurial failures. The study's main findings show that, in startups, other individuals besides the entrepreneur experience entrepreneurial learning, and that this learning process takes place at both individual and collective levels. In addition, the analysis identifies five major learning patterns: (1) learning through doing (key actions: experimenting, failing, and persisting), (2) learning through measuring (key actions: adjusting and balancing), (3) learning through communicating (key actions: understanding, trusting, sharing and encouraging), (4) learning through prioritizing and (5) learning through reflecting. The study concludes that these learning practices help individuals and collectives to grow an entrepreneurial mindset, which play an important role in managing three critical challenges: (1) acquirement of long-term influential customers, (2) continual development of high quality innovative and (3) satisfying a growing number of customers with scarce resource.en
dc.ethesisid14361
dc.format.extent91
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/20686
dc.identifier.urnURN:NBN:fi:aalto-201609083396
dc.language.isoenen
dc.locationP1 I
dc.programme.majorMSc program in Entrepreneurshipfi
dc.programme.majorMSc program in Entrepreneurshipen
dc.subject.heleconyrittäjyys
dc.subject.heleconentrepreneurship
dc.subject.heleconoppiminen
dc.subject.heleconlearning
dc.subject.heleconepäonnistuminen
dc.subject.heleconfailure
dc.subject.heleconliiketalous
dc.subject.heleconbusiness economics
dc.subject.keywordentrepreneurship
dc.subject.keywordentrepreneurial learning
dc.subject.keywordbusiness failure
dc.subject.keywordentrepreneurial mindset
dc.subject.keywordtechnology startup
dc.subject.keywordcritical challenges
dc.titleIndividual and collective entrepreneurial learning from business failuresen
dc.typeG2 Pro gradu, diplomityöfi
dc.type.dcmitypetexten
dc.type.ontasotPro gradu tutkielmafi
dc.type.ontasotMaster's thesisen
local.aalto.idthes14361
local.aalto.openaccessyes
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