Bouncing Back from Failure: Entrepreneurial Resilience and the Internationalisation of Subsequent Ventures Created by Serial Entrepreneurs

This paper examines the impact over international propensity of past negative entrepreneurial experience for those who re-enter into entrepreneurial activity; referred to as resilient serial entrepreneurs. We first hypothesise on the effects over entrepreneurial re-entry that such negative past experience may have and highlight the link between the past entrepreneurial experience of resilient entrepreneurs and their subsequent propensity towards international markets. Building on insights from the generative experiential learning process of entrepreneurial activity and from cognition theories, we propose that resilient entrepreneurs who re-enter business despite having faced negative entrepreneurial experiences in the past benefit from enriched cognitive schemas leading them to greater export propensity. The proposed hypotheses are tested on a unique sample drawn from a Spanish adult population survey. Results from the sequential deductive triangulation analysis reveal that practical experience is an essential prerequisite for entrepreneurial learning, and that the resilience of those with negative entrepreneurial experience induces the generative entrepreneurial learning especially suitable for subsequent internationally oriented ventures.     

DETERMINANTS AND CONSEQUENCES OF CREATIVITY IN A COHORT OF GIFTED WOMEN

Forty women who had been selected by Lewis Terman in 1921 for his study of intellectually gifted California school children were reinterviewed in 1987 (Mean = 77 years, SE±1). These women had been prospectively followed by questionnaire over the intervening 65 years. Their capacity for creativity–putting something in the world that was not there before–was assessed by review of their prospectively gathered questionnaires and by retrospective interview. The 20 women viewed as most creative (usually for literary publication, art, music, or starting an organization) were more likely in the past to have manifested generativity, and at the present to have adjusted well to old age. Although the ego defenses of sublimation, humor, and altruism were more frequent among the creative women, no differences were noted in the happiness of their childhoods or their mental health prior to the present.