Table 2

Overview of the current state of research

Kolb’s learning stages1. Concrete experience2. Reflective observation3. Abstract conceptualization4. Active experimentation
Key issues according to KolbThe experience and the actor’s immediate reaction to the experienceThe actor’s deeper reflection on what has happenedThe creative process of forming observations to abstract learning outcomesThe application of abstract learning outcomes to test them
# of sample studies contributing to learning stage19251321
Central themes in existing research on entrepreneurial learning from failure
  1. Conceptualization of failure

  2. Perception of criticality

  3. Importance of failure as a learning trigger

  1. Process of reflection

  2. Stock of experience

  3. Attribution

  4. Emotions

  5. Narcissism

  1. Abstract learning outcomes

  1. Decision on entrepreneurial re-emergence

  2. Determinants of effective use of learning

  3. Behavioral changes upon re-emergence

  4. Venture performance in new endeavor(s)

Open issues (overlooked aspects, contradictions)
  1. Entrepreneur’s immediate reaction to failure

  2. Systematic analysis of factors influencing criticality perception

  1. Detected but unresearched alternative emotional trajectories (e.g. resilience, ignorance)

  2. Epiphanies as alternative emotional recovery mechanism

  3. Social context as influence factor on emotions

  4. Cognitive process of reflective observation (as opposed to abstract conceptualization)

  1. Abstract conceptualization as a creative process

  2. Link between abstract learning outcomes and antecedents is only researched with regard to failure attribution

  3. Abstract learning outcomes represent “perceived” learnings

  1. Other ways of active experimentation (e.g. consulting, mentoring, employment)

  2. Importance of specific abstract learning categories for specific settings of active experimentation

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