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Learning from Business Failure: Propositions of Grief Recovery for the Self-Employed

Dean A. Shepherd
The Academy of Management Review
Vol. 28, No. 2 (Apr., 2003), pp. 318-328
Published by: Academy of Management
Stable URL: http://www.jstor.org/stable/30040715
Page Count: 11
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Learning from Business Failure: Propositions of Grief Recovery for the Self-Employed
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Abstract

In this paper I use the psychological literature on grief to explore the emotion of business failure, suggesting that the loss of a business from failure can cause the self-employed to feel grief--a negative emotional response interfering with the ability to learn from the events surrounding that loss. I discuss how a dual process of grief recovery maximizes the learning from business failure.

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