Narrative attributions of entrepreneurial failure

We examine how organizational stakeholders use narratives in their psychological processing of venture failure. We identify a range of “narrative attributions”, alternative accounts of failure that actors draw on to process the failure and their role in it. Our analysis provides a view of entreprene...

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Bibliographic Details
Published in:Journal of business venturing Vol. 28; no. 4; pp. 459 - 473
Main Authors: Mantere, Saku, Aula, Pekka, Schildt, Henri, Vaara, Eero
Format: Journal Article
Language:English
Published: New York Elsevier Inc 01.07.2013
Elsevier Science Publ
Elsevier Sequoia S.A
Subjects:
Attribution
Business administration
Business failures
Economics and Finance
Entrepreneurs
Entrepreneurship
Failure
Humanities and Social Sciences
Information processing
Insolvenz
Kognition
Narrative
Narrative Methode
Narratives
Organizational behavior
Stakeholder
Stakeholders
Storytelling
Studies
Unternehmensgründung
Narrative
Entrepreneurship
Storytelling
Failure
Attribution
ISSN:0883-9026, 1873-2003
Online Access:Get full text
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Summary:We examine how organizational stakeholders use narratives in their psychological processing of venture failure. We identify a range of “narrative attributions”, alternative accounts of failure that actors draw on to process the failure and their role in it. Our analysis provides a view of entrepreneurial failure as a complex social construction, as entrepreneurs, hired executives, employees and the media construct failure in distinctively different ways. Narratives provide means for both cognitive and emotional processing of failure through grief recovery and self-justification. ► Key stakeholder of a venture make sense of business failure by the means of different narratives. ► Narrartives provide means for cognitive and emotional processing of failure through grief recovery and self-justification. ► Differences between narrative attributions show that business failure is a polyphonic social construction.
Bibliography:SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:0883-9026
1873-2003
DOI:10.1016/j.jbusvent.2012.12.001