Abstract
What are the strategies entrepreneurs apply to present business closure to public audiences? Most entrepreneurs choose to communicate venture failure publicly so as to foster a favorable impression of failure, in effect engaging in impression management to maintain and/or repair their professional reputation for future career actions. To date, however, the focus of most research has been on managing failure within organizational settings, where organizational actors can interact closely with their audiences. We know little about entrepreneurs’ strategies in presenting failure to public audiences in cases where they have limited opportunities for interaction. In response to this, we present an analysis of public business-closure statements to generate a typology of five venture-failure narratives—Triumph, Harmony, Embrace, Offset, and Show—that explains entrepreneurs’ distinct sets of impression-management strategies to portray failure in public. In conclusion, we theorize from our public venture-failure typology to discuss how our work advances understanding of the interaction between organizational failure, impression management, and entrepreneurial narratives.
Original language | English |
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Pages (from-to) | 286-318 |
Journal | Human Relations |
Volume | 74 |
Issue number | 2 |
Early online date | 20 Jan 2020 |
DOIs | |
Publication status | Published - 1 Feb 2021 |
MoE publication type | A1 Journal article-refereed |
Keywords
- Business closure
- Typology
- organizational failure
- latent semantic analysis
- IMPRESSION MANAGEMENT
- entrepreneurs
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Press / Media
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Triumph, embrace or offset? Entrepreneurs have different storytelling styles for presenting business closure
21/01/2020 → 23/01/2020
5 items of Media coverage
Press/Media: Media appearance