Adjusting the Sails: Investigatiing the Feedback Loop of the Opportunity Development Process in Entrepreneurship Training

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

Why does entrepreneurship training work? We argue that the feedback loop of the opportunity development process is a training element that can explain the effectiveness of entrepreneurship training. Building on action regulation theory, we model the feedback loop as a recursive cycle of changes in the business opportunity, goals, performance outcomes, and feedback. Furthermore, we hypothesize that error orientation and monitoring can strengthen or weaken the cycle, and that going through the feedback loop during training explains short- and long-term training outcomes. To test our hypotheses, we collected data before, during, and two times after an entrepreneurship training program. Results supported our hypotheses. Our results suggest that the feedback loop of the opportunity development process is a concept that can explain why entrepreneurship training is effective.
OriginalspracheEnglisch
ZeitschriftAcademy of Management Learning & Education
Jahrgang2021
ISSN1537-260X
DOIs
PublikationsstatusElektronische Veröffentlichung vor Drucklegung - 10.05.2021

DOI