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1 – 10 of over 30000Hussam Al Halbusi, Fadi AbdelFattah, Marcos Ferasso, Mohammad Alshallaqi and Abdeslam Hassani
Many entrepreneurs often struggle with the fear of failure, which can be detrimental to both their business and personal well-being. To better understand the factors that…
Abstract
Purpose
Many entrepreneurs often struggle with the fear of failure, which can be detrimental to both their business and personal well-being. To better understand the factors that contribute to this fear, the authors conducted research on the impact of various obstacles, such as limited financial resources, risk aversion, stress and hard work avoidance, and prior business failures. Additionally, the authors explored the effects of social capital in mitigating these obstacles and their relationship to fear of failure in entrepreneurship.
Design/methodology/approach
The authors conducted a survey with 440 young Iraqi entrepreneurs using non-probabilistic and purposive methods. The survey instrument included multiple measuring scales, which were provided in both English and Arabic. The authors analysed valid responses using structural equation modelling (SEM) with partial least squares (PLS).
Findings
The findings show that the fear of failure in entrepreneurship is negatively influenced by factors such as limited financial access, risk aversion, and past business failures. However, aversion to stress and hard work did not have a significant impact. The findings also show that social capital could potentially mitigate these negative factors.
Research limitations/implications
The theoretical and practical implications of this study manifest in revealing the difficulties entrepreneurs encounter in developing countries like Iraq, where entrepreneurship is vital for economic growth. The study's limitations stem from its focus on one country and the use of a single survey method. Future research could use varied methods across multiple countries for a more comprehensive view.
Originality/value
This study sheds light on the factors that are obstacles for entrepreneurs to starting a business in emerging economies like Iraq.
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Donard Games, Dessy Kurnia Sari, Nurul Khairiyyah and Hussain Albin Shaikh
The phenomenon of fear and anxiety can cause a decline in entrepreneurship. However, the validity of this assertion remains debatable, as opportunity-driven entrepreneurs may…
Abstract
Purpose
The phenomenon of fear and anxiety can cause a decline in entrepreneurship. However, the validity of this assertion remains debatable, as opportunity-driven entrepreneurs may benefit from elevated uncertainty during a crisis. This study aims to examine entrepreneurial fear of failure and the well-being of opportunity-driven entrepreneurs in their startup stage during the COVID-19 outbreak. Opportunity-driven startups are oriented toward business growth but may need assistance from incubators.
Design/methodology/approach
The study used a qualitative method, where ten participants from incubated and non-incubated startups in Indonesia were interviewed. Thematic analysis was conducted using NVivo 12 software to analyze the data.
Findings
This study shows that the interviewees subjected to incubation tended to derive motivation from fear of failure. In contrast, nonincubated interviewees showed a propensity to experience fear of failure as repression and inhibition. Furthermore, the study highlights the correlation between entrepreneurial fear of failure and eudaimonic well-being.
Originality/value
This study contributes to the literature with empirical results on fear of failure capturing the essence of entrepreneurial behavior during crises/pandemic in the context of business startups. It provides valuable insights into the policy implications for promoting innovation among startups in specific contexts.
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Maria Cecilia Henriquez-Daza, Joan-Lluís Capelleras and Fabian Osorio-Tinoco
Based on social cognitive theory, this study aims to analyze the impact of fear of failure on entrepreneurs’ growth aspirations, the moderating role of collectivist institutional…
Abstract
Purpose
Based on social cognitive theory, this study aims to analyze the impact of fear of failure on entrepreneurs’ growth aspirations, the moderating role of collectivist institutional culture and the differences between emerging and developed countries.
Design/methodology/approach
Using the Global Entrepreneurship Monitor and the Global Leadership and Organizational Behavior Effectiveness databases for 27 developed and 15 emerging countries, and Global Leadership and Organizational Behavior Effectiveness, the authors apply multilevel model with individual-level and country-level variables.
Findings
The fear of failure has a negative impact on growth aspirations and that impact differs between developed and emerging countries. One of the main conclusions is that collectivist culture mitigates the negative impact of fear of failure on growth aspirations, and that this result is significant only in emerging countries.
Originality/value
The authors introduce a boundary condition for this study’s predictions, showing that in emerging countries, contrary to developed countries, the moderator effect of cultural context contributes to growth aspirations, despite the entrepreneur’s fear of failure.
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Minhajul Islam Ukil and Anna Jenkins
Despite entrepreneurial intentions being a central and enduring construct in entrepreneurship research, most research on intentions focused on factors that underpin an…
Abstract
Purpose
Despite entrepreneurial intentions being a central and enduring construct in entrepreneurship research, most research on intentions focused on factors that underpin an individual's entrepreneurial intentions. This study extends the emerging literature on fear of failure and resilience to understand how they influence entrepreneurial intentions. The authors do this in a context where job prospects are low, and unemployment is high to understand what potentially prevents educated youth in a developing country from pursuing self-employment.
Design/methodology/approach
This study applies the structural equation modelling (SEM) using AMOS 25 to test the hypotheses on a sample of 238 third- and fourth-year Bangladeshi students facing an important career decision. A replication study is also conducted with an additional sample (n = 209) to verify the robustness of the findings, using a different measurement of resilience and a different analysis method – partial least square (PLS)-SEM in Smart-PLS 3.
Findings
The study finds support for the mediation model where fear of failure mediates the relationship between resilience and entrepreneurial intentions. The findings suggest that resilience enhances entrepreneurial intentions while also reducing the negative effects of fear of failure on entrepreneurial intentions.
Originality/value
This study contributes to an underexplored area of entrepreneurial intentions literature by exploring how resilience relates to fear of failure and entrepreneurial intentions. The findings demonstrate the importance of resilience through its direct effect on intentions as well as its indirect effect through its influence on fear of failure. The findings have implications for potential entrepreneurs and educational institutions providing training in entrepreneurship.
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Bahadur Ali Soomro and Naimatullah Shah
In the present era, entrepreneurs’ well-being is considered a significant factor owing to its strong relationship with entrepreneurship. Therefore, this study aims to investigate…
Abstract
Purpose
In the present era, entrepreneurs’ well-being is considered a significant factor owing to its strong relationship with entrepreneurship. Therefore, this study aims to investigate the relationship between fear of failure and entrepreneurs’ well-being through the mediating effect of procrastination.
Design/methodology/approach
This study is descriptive, with cross-sectional data obtained through a survey questionnaire distributed randomly in Pakistan. Overall, data from 346 valid cases were used to achieve suitable study outcomes.
Findings
This study’s empirical findings highlight the negative effect of fear of failure on subjective well-being. Fear of failure is found to have a significant positive effect on procrastination. Furthermore, procrastination has a negative effect on subjective well-being. Finally, procrastination has a negative role in mediating the relationship between fear of failure and subjective well-being.
Practical implications
The conceptualization of the fear of failure and procrastination (direct and indirect) in relation to subjective well-being may offer a novel contribution in terms of a framework, policymaking and practice. Policymakers, top management and the government may consider the hindering effects of procrastination and fear of failure on entrepreneurs’ well-being and ventures’ success. The study findings may also enrich views in the literature on entrepreneurship and management, particularly in the developing country context.
Originality/value
This study could be helpful in eradicating the traps of procrastination and fear of failure, raising entrepreneurs’ confidence and levels of activity.
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Yue Cheng, Yi Zheng, Francesco Schiavone and Octavio R. Escobar
This study investigates the impact of internal expectations, such as fantasy of success and fear of failure and external factors, such as social environment and past experiences…
Abstract
Purpose
This study investigates the impact of internal expectations, such as fantasy of success and fear of failure and external factors, such as social environment and past experiences, on entrepreneurial choice.
Design/methodology/approach
Based on achievement motivation and social cognitive theories, the authors construct hypotheses and use secondary data from the Global Entrepreneurship Monitor (GEM) database and Economic Freedom Index report to empirically test the hypotheses. The authors also use propensity score matching to solve the endogeneity issue and test the robustness.
Findings
Internal expectations (fantasy of success and fear of failure) on business outcomes inversely affect entrepreneurial choices, with a vibrant business environment amplifying and past failure experience mitigating these effects.
Originality/value
Due to the economic recession, governments encourage small businesses. Thus, the complexity of individual entrepreneurial motivations and influencing factors necessitate deeper exploration. This study is one of the first research offering insights into entrepreneurial motivations from combined dimensions and providing theoretical support for strategies promoting public entrepreneurship.
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Daniel Oswaldo Santana de Souza and Patrícia Amélia Tomei
The purpose of this paper is to explore how demographic variables – such as age, gender, professional status, type of employment situation, and hierarchal level – affect perceived…
Abstract
Purpose
The purpose of this paper is to explore how demographic variables – such as age, gender, professional status, type of employment situation, and hierarchal level – affect perceived fear of failure in the workplace among Brazilian employees.
Design/methodology/approach
For this purpose, the authors applied the Performance Failure Appraisal Inventory – (Conroy, 2002) to an intentionally non-probabilistic sample of graduate students from a university in Rio de Janeiro.
Findings
The results indicate that in terms of the sample, Brazilian civil servants have relatively higher indices of fear of failure than employees of private companies, despite the high stability related to their type of employment situation.
Research limitations/implications
The statistical treatment of the data indicated the occurrence of the phenomenon of “false low scores”, putting in evidence some limitations related to studies about the expression of feelings, especially negative ones, like fear. The authors also highlight the need to adjust the fear of failure construct and its scale to the Brazilian organizational setting.
Originality/value
Employees’ emotions, such as fear, have a real impact on organizational performance. Many factors contribute to the feeling of fear in the workplace. This, in most cases, is perceived as damaging, negatively effecting organizational dynamics. However, there are those who see a positive side to fear, as it prompts greater effort to attain results. The research, assessing the occurrence of this feeling among Brazilian employees, intends to contribute to a deeper understanding of the complexities related to the workplace.
Objetivo
O objetivo principal deste artigo é explorar como variáveis demográficas – tais como idade, gênero, status profissional, tipo de vínculo empregatício e nível hierárquico – afetam a percepção do medo de errar no ambiente de trabalho entre empregados brasileiros.
Metodologia
Com esse objetivo, foi aplicado o Performance Failure Appraisal Inventory – PFAI (Conroy, 2002) em uma amostra não probabilística de estudantes de pós-graduação de uma universidade do Rio de Janeiro.
Resultados
Nossos resultados indicaram que em nossa amostra, funcionários públicos brasileiros apresentaram índices de medo de errar maiores do que empregados de empresas privadas, apesar da alta estabilidade que possuem, relacionada ao seu tipo de vínculo empregatício.
Limitações de pesquisa/Implicações
O tratamento estatístico dos dados indicou a ocorrência do fenômeno de “falsos índices baixos”, destacando limitações relacionadas a estudos que tratam da expressão de sentimentos, especialmente de sentimentos negativos, como é o caso do medo. Nós também chamamos atenção para a necessidade de ajustar o construto do medo de errar e de sua escala de mensuração para o ambiente organizacional brasileiro.
Originalidade/Valor
As emoções dos trabalhadores, como o medo, por exemplo, têm um impacto real no desempenho organizacional. Muitos fatores contribuem para a ocorrência do medo no ambiente de trabalho. Isso, na maioria dos casos, é percebido como algo prejudicial, afetando negativamente a dinâmica profissional. Contudo, existem aqueles que veem um lado positivo no medo, como um potencializador de esforços em prol de melhores resultados. Nossa pesquisa, considerando a ocorrência desta emoção entre trabalhadores brasileiros, visa a contribuir para uma melhor compreensão das complexidades relacionadas ao ambiente de trabalho.
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Izaias Martins, Juan Pablo Pérez Monsalve and Andres Velásquez Martinez
The purpose of this paper is to identify the impact of features of personality such as self-confidence and fear of failure on the entrepreneurial orientation (EO) of university…
Abstract
Purpose
The purpose of this paper is to identify the impact of features of personality such as self-confidence and fear of failure on the entrepreneurial orientation (EO) of university students enrolled on entrepreneurial education courses.
Design/methodology/approach
Variables related to risk-taking, innovativeness, proactiveness, as well as those related to self-confidence and fear of failure, are taken into account. Using linear regression, the authors investigate how self-confidence and fear of failure affect the EO of university students.
Findings
As pointed out by results, both self-confidence and fear of failure are determinants of the EO of university students. Self-confidence has a positive and consistent effect on the three dimensions of EO, whereas fear of failure has a negative effect on EO.
Research limitations/implications
It is not possible to assure that, in the medium and long term, individuals more prone to taking risks, innovating and proactivity will in fact become entrepreneurs. Also, even though it does not affect the relevance of the findings, it must be highlighted that this study has been carried out with a specific sample of students and results may vary in different contexts.
Originality/value
This study offers a new insight relating individual’s self-perceptions and their impact on EO. Equally important, the findings of this paper offer relevant information for the design of academic programs aimed at strengthening students’ personal aspects to promote self-confidence and tolerance to fear of failure as predictors of the EO in this collective.
Propósito
Esta investigación tiene como objetivo identificar el impacto de las características propias de la personalidad tales como la autoconfianza y el miedo al fracaso en el constructo Orientación Emprendedora (OE) de los estudiantes universitarios matriculados en cursos de educación emprendedora.
Diseño/metodología/enfoque
A partir de la información obtenida a través de encuestas aplicadas en diferentes programas educativos en la ciudad de Medellín, se consideran variables relacionadas con la asunción al riesgo, la capacidad de innovación y la proactividad, así como variables relacionadas con la autoconfianza y el miedo al fracaso. Usando el modelo de regresión lineal, investigamos como la autoconfianza y el miedo al fracaso afectan la OE de los estudiantes universitarios.
Hallazgos
Tomando en consideración nuestras hipótesis de investigación, los resultados indican que tanto la autoconfianza como el miedo al fracaso son determinantes de la OE de los estudiantes universitarios. La autoconfianza tiene un efecto positivo y consistente en las tres dimensiones de la OE, mientras el miedo al fracaso tiene un efecto negativo sobre la OE.
Limitaciones/implicaciones de la investigación
Este trabajo es un estudio exploratorio que investiga la relación de ciertas características de la personalidad con el desarrollo de la OE de estudiantes universitarios en el presente. Por lo tanto, no es posible asegurar que, en el mediano y largo plazo, los individuos más propensos a asumir riesgos, a innovar y a ser proactivos, se conviertan en empresarios. Por otro lado, se debe resaltar que este estudio se realiza con una muestra específica de estudiantes y los resultados pueden variar en diferentes contextos.
Originalidad/valor
Este estudio ofrece una nueva visión que relaciona las autopercepciones individuales y su impacto en la OE. Por otro lado, destaca la necesidad de una mayor investigación que colabore en la comprensión del fenómeno emprendedor utilizando los hallazgos para crear un entorno que respalde la actividad emprendedora en las universidades. Adicionalmente, ofrece información relevante para el diseño de programas académicos orientados a fortalecer los aspectos personales de los estudiantes, con el objetivo de promover la autoconfianza y la tolerancia al miedo al fracaso como predictores de la OE de este colectivo.
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Donard Games, Dessy Kurnia Sari, Venny Darlis, Danny Hidayat and Bader Albatati
This research aimed to examine entrepreneurial fear of failure and entrepreneurial well-being from the perspectives of incubated and nonincubated startups during crises.
Abstract
Purpose
This research aimed to examine entrepreneurial fear of failure and entrepreneurial well-being from the perspectives of incubated and nonincubated startups during crises.
Design/methodology/approach
Data were collected by distributing online questionnaires to 152 respondents comprising 43 incubated and 109 nonincubated startups in Indonesia. A multivariate discriminant analysis procedure was used to examine the interrelationships between both groups at the discovery, validation, customer creation and construction stages.
Findings
The result showed a significant difference between these startups at various stages, which was analyzed to provide insights into the relevant dimensions of fear of failure for startups. The essence of entrepreneurial well-being during crises is in accordance with the role of business incubators in an emerging market economy.
Practical implications
Startups need to innovate in order to grow while considering other factors such as work-life balance and financial resource availability. This is important to ensure they have sufficient motivating dosage of fear of failure.
Originality/value
The present study evaluates incubated and nonincubated startups in an emerging market economy by using both the entrepreneurial fear of failure and well-being to capture possible differences between groups. The context of pandemic crises helps us formulate appropriate approaches taken by incubators and startups in the future crises.
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Shide Sadat Hashemi, Hannan Amoozad Mahdiraji, Mostafa Azari and Seyed Hossein Razavi Hajiagha
This paper aims to recognise and identify fears of failure in the international entrepreneurship ecosystem and find the effects of these fears on each other to reduce these…
Abstract
Purpose
This paper aims to recognise and identify fears of failure in the international entrepreneurship ecosystem and find the effects of these fears on each other to reduce these increasing effects and minimise the mental barriers for potential entrepreneurs. Therefore, this research is beneficial to strengthen international entrepreneurial personality and to reduce the shadows of fears on entrepreneurs’ minds. To address this purpose the international tourism industry has been investigated in the emerging economy of Iran.
Design/methodology/approach
This paper is organised based on experts' opinions, and then factors are identified by literature review and are finalised through the Delphi method with a panel of practical and academic experts. These fears are categorised using a questionnaire and factor analysis (FA) technique. The respondents were entrepreneurship students and tourism entrepreneurs. Subsequently, the effect and importance of fears of failure are scored and ranked by some experts. These fears were analysed through decision-making trial and evaluation laboratory (DEMATEL) method. The results presented the effects of fears of failure in the international entrepreneurial in the tourism industry and the relationship amongst them.
Findings
The first two fears are respectively “fears of future” which are caused by the unclear situation; and “fear of losing credit” that is due to the importance of “personal relationships” in Iranians culture. As pointed out by results, “fear of future” is the most effective group of factors that may lead to other fears too. This fear seems important in the international entrepreneurial tourism industry because of future ambiguity.
Originality/value
This study indicates the relations between groups of fears and offers some practical and applicable solutions to reduce these effects. To the best knowledge of the authors, analysing the relationship between fears amongst the entrepreneurs has not been investigated previously.
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