Value of Failure: The Spectrum of Challenges for the Economy

There is a clear economic and social rationale in providing a second chance to failed entrepreneurs and deriving positive experiences from negative situations. Value of Failure is a comprehensive attempt at understanding the various aspects of the phenomenon of business failure. The book covers various aspects of second-chance entrepreneurs (and economic failure in general) and opportunities for changing general perception toward the phenomenon. It enables readers to understand business failure from the perspective of institutional theory; economic failure in the process of small business growth in the context of the shadow economy; Schumpeter’s theory of ‘creative destruction’ and the fear of failure; sustainable economic growth and development; and system approach to failures and their impact on the enterprise operation.

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Contents

Frontmatter
pp i-iv
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Contents
pp v-vi
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List of Illustrations
pp vii-viii
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Preface
pp ix-x
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1 - From Losers to Heroes: How to Change the Perception of Business Failure and Recognize Its Value for the Economy
pp 1-18
- By Joanna Markiewicz, University of Szczecin, Poland, Leszek Gracz, University of Szczecin, Poland
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2 - Economic Failure in the Process of Small Business Growth in the Context of the Shadow Economy
pp 19-36
- By Edward Stawasz, University of Łódz, Poland, Jarosław Ropęga, University of Łódz, Poland
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3 - Failure as a Barrier to Entrepreneurial New Venturing in Northern Ireland
pp 37-54
- By Caroline O'Kane, Enterprise Northern Ireland, UK
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4 - Business and Sustainability: Key Drivers for Business Success and Business Failure from the Perspective of Sustainable Development
pp 55-74
- By Magdalena Ziolo, University of Szczecin, Poland, Filip Fidanoski, University Ss. Cyril and Methodius in Skopje, Republic of Macedonia), Kiril Simeonovski, University Ss. Cyril and Methodius in Skopje, Republic of Macedonia), Vladimir Filipovski, University Ss. Cyril and Methodius in Skopje, Republic of Macedonia), Katerina Jovanovska, University Ss. Cyril and Methodius in Skopje, Republic of Macedonia)
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5 - Implementation of the Enterprise Resource Planning Systems: Case Studies of Failures and Their Impact on the Enterprise Operation
pp 75-97
- By Magdalena Malinowska, University of Szczecin, Poland, Andrzej Rzeczycki, University of Szczecin, Poland
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Value of Failure

The Spectrum of Challenges for the Economy

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Contents

Frontmatter
pp i-iv

Contents
pp v-vi

List of Illustrations
pp vii-viii

Preface
pp ix-x

1 - From Losers to Heroes: How to Change the Perception of Business Failure and Recognize Its Value for the Economy
pp 1-18

2 - Economic Failure in the Process of Small Business Growth in the Context of the Shadow Economy
pp 19-36

3 - Failure as a Barrier to Entrepreneurial New Venturing in Northern Ireland
pp 37-54

4 - Business and Sustainability: Key Drivers for Business Success and Business Failure from the Perspective of Sustainable Development
pp 55-74

5 - Implementation of the Enterprise Resource Planning Systems: Case Studies of Failures and Their Impact on the Enterprise Operation
pp 75-97

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Value of Failure

The Spectrum of Challenges for the Economy

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