Walsh, Grace (2023) Business failure and entrepreneur experiences of passion. International Small Business Journal. ISSN 0266-2426

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Abstract

This article examines how passion affects an entrepreneur’s business failure experiences. Our study explores the link between the type of passion an entrepreneur exhibits and the effect this has on the entrepreneurs’ attitudes and reactions to business failure. We analyse the way in which passion type informs entrepreneurs identification with their business, and the entrepreneurial process. Entrepreneurs who experienced harmonious passion maintained an emotional distance from their business failure. Harmoniously passionate entrepreneurs had a rational perspective and were reflective, self-aware, adaptive and future oriented. Entrepreneurs who experienced obsessive passion, were defensive and reactionary about their business failure. Obsessively passionate entrepreneurs attached contingencies and experienced increased stress and conflict. Our findings suggest promising opportunities for future research on the interplay between heterogeneous passions, adaptive/maladaptive entrepreneurial action and regulated goal pursuit.

Item Type:	Article
Keywords:	entrepreneurship; business failure; passion; harmonious passion; obsessive passion; identity; identification;
Academic Unit:	Faculty of Social Sciences > School of Business
Item ID:	17767
Identification Number:	https://doi.org/10.1177/02662426231194482
Depositing User:	Grace Walsh
Date Deposited:	07 Nov 2023 10:51
Journal or Publication Title:	International Small Business Journal
Publisher:	Sage
Refereed:	Yes
URI:	Publisher
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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