|dc.description.abstract||This dissertation mainly explore and discuss how entrepreneurs experiencing business failures(or crucible) could resilience and bounce back from the negative event and moods, and in turn, be motivated and capable to come back to their entrepreneurial career for future challenges (i.e. good resilience ). In the traditional stream for entrepreneur research, studies mostly focus on the successful entrepreneurs, analyzing from personality or business operation performance perspectives on how they could succeed, or they often focus on how entrepreneurs avoid failures. Few studies draw their attention to the processes and progress how entrepreneurs bounce back after failures/crucible. We set out to fill this gap in research by investigating the following imperatives, including: possible antecedents for entrepreneurs’ failure and how they react to failure; how entrepreneur break away from demoralized states, convalesce and build confidence, and alert the new opportunities they could exploit to create new business life; etc.
This study adopts case research method, searching suitable cases from multiple sources including magazine, periodicals, newspaper and others. Criteria for case inclusion are as follow. First, the newly started companies should be funded by private financial investments. Second, the entrepreneurs participate full time in the targeted business. Third, the entrepreneurs once face severe failures in business development. Last, the entrepreneurs currently have come back to success that their new businesses are representative, in considerable scale and lead the industries. Four cases were extracted and analyzed based on secondary data wile three were on interviews. Grounded theory approach is conducted, while we write scripts, code and propose axis concept and mainly axis thread. Then, researchers try to build theory and propositions from those processes and data. We construct a three-stage model in explaining the research findings.
Stage one: entrepreneurs fall in the analytical inquiries for the crucible.
The integrative model for antecedents of entrepreneurs’ failure indicates that most of them in the cases in our study failed because of inadequacy in professional managerial capacity.
Stage two: mechanisms for entrepreneurs’ breaking away from crucible
The dynamic analysis framework for entrepreneurs’ moderation mechanisms points out that, through interal stabilizer function, external stabilizer function and buffer and self-efficacy, the failed entrepreneurs could switch on their ‘crucible turning point’ and gradually ease the impact stemmed from prior failure.
Stage three: reinforcement mechanisms facilitating resilience after the crucible turning point
We constructed the scheme representing entrepreneurs’ reinforcement mechanisms after crucible turning point to understand the process they reinforce their own business initiating motivation and exploit their capability well. Besides, we construct framework for ‘Grounded in identity construction for entrepreneurs’ and make explicit their influence on entrepreneurs’ resilience. Finally, we construct the ‘anti-failure shield’ concept as entrepreneurs’ competence bases to transform negative experiences into valuable knowledge assets for resilience.
The present dissertation contribute to the academia by (1) constructing a three-stage model for resilience to fill the gap of the extant study on entrepreneur; (2) providing research on resilience using entrepreneur sample to enrich sample validity in traditional resilience research in psychology field; (3) extending understandings for business bounce-back progress from physical and psychological recover to business resilience; (4) enriching the theoretical contents for resilience; (5) grounding the construct of entrepreneurial resilience, which facilitates the measurement of the construct; (6) Bringing in social psychology theories (e.g. sensemaking, self-efficacy) to enhance psychological theoretical bases for psychological therapy.
The present dissertation brings contributions for practitioners in that we (1) build a framework for entrepreneurs’ resilience processes to enhance the knowledge and decisional bases for entrepreneurs when they face severe business failure. (2) extract the concepts that facilitate entrepreneurial resilience by emphasizing the (A) professional managerial capacity (B) leveling up self-efficacy cognition (C) build multiple identities (D) develop anti-failure shield.||en_US|