| dc.description.abstract | This master's thesis aims to explore how serial entrepreneurs learn from failure.
Failure, defined as a deviation from desired results, has been increasingly
recognized as a catalyst for learning and growth. Literature suggests that serial
entrepreneurs have the potential for higher performance levels due to the lessons
learned from past failures. Consequently, it is relevant to investigate how serial
entrepreneurs learn from failures. To address this, a qualitative exploratory study
is conducted, basing the empirical foundation on in-depth interviews with eleven
serial entrepreneurs.
The research revealed that the participating serial entrepreneurs perceive failure as
a catalyst for growth and consider it an integral part of their entrepreneurial
journey. Death and resurrection exist in a union. Resilience emerges as a critical
factor in how they handle failure. However, the respondents indicated limited
concrete actions aimed at learning from failure. Most entrepreneurs adopt an
internalizing approach, relying on intuition, practical application, and hands-on
experience. The findings suggest an imbalance between the perceived importance
of learning from failure and the actual implementation of concrete actions. In the
thesis, a combination of structured learning processes and network-related factors
is proposed to enhance how serial entrepreneurs can capitalize on failure. By
integrating current practices with theoretical insights, recommendations for
improving the utilization of failure as a valuable learning opportunity are
provided | en_US |
