Failing to Learn from Failure
| Autor: | Mario Daniele Amore, Orsola Garofalo, Victor Martin-Sanchez |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Organizational Behavior and Human Resource Management
Entrepreneurship ComputingMilieux_THECOMPUTINGPROFESSION Strategy and Management media_common.quotation_subject 05 social sciences Dispositional optimism Optimism Extant taxon DISPOSITIONAL OPTIMISM BELIEF UPDATING ENTREPRENEURSHIP NEGATIVE FEEDBACK INNOVATION Management of Technology and Innovation Negative feedback 0502 economics and business Belief updating 050207 economics Psychology Innovation Social psychology 050203 business & management media_common |
| Zdroj: | Organization Science. 32(4):940-964 |
| ISSN: | 1526-5455 1047-7039 |
| DOI: | 10.1287/orsc.2020.1359 |
| Popis: | Extant research shows that entrepreneurs are typically overly optimistic about their ventures’ prospects and that such optimism hampers performance. We analyze how dispositional optimism affects the adjustments to entrepreneurs’ expectations after they receive negative feedback on their task performance. We then explore the relationship between optimism and the effectiveness of innovation. Exploiting unique firm-level data and a laboratory experiment involving 205 entrepreneurs, we find that dispositional optimism is negatively associated with both the likelihood and extent of belief updating in response to negative feedback. Furthermore, dispositional optimism triggers a discrepancy—between innovation inputs and outputs—that reduces a firm’s innovation effectiveness. |
| Databáze: | OpenAIRE |
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