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

Research output: Journal contributionsJournal articlesResearchpeer-review

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 after an entrepreneurship training program. Results support our hypotheses, suggesting that the feedback loop of the opportunity development process is a concept that can explain why entrepreneurship training is effective.
Original languageEnglish
JournalAcademy of Management Learning & Education
Volume21
Issue number2
Pages (from-to)209-235
Number of pages27
ISSN1537-260X
DOIs
Publication statusPublished - 01.06.2022

Bibliographical note

Funding Information:
This paper was supported by the German and Mexican Commission for UNESCO, and the BASF Stiftung. We thank Katharina Arriens, Svenja Berg, Gianna Henkel, and Saskia Kopf for their support in collecting the data. Special thanks go to Prof. Michael Frese as the initiator of the STEP project, and to the STEP teams at Instituto Tecnolo-gico Autonomo de Mexico, Tecnologico Nacional de Mexico, and in particular the Instituto Tecnologico de Gustavo A. Madero and the Instituto Tecnologico de Puebla.

Publisher Copyright:
© 2022 George Washington University. All rights reserved.

DOI

Recently viewed

Researchers

  1. Peter Berz

Publications

  1. Investigation of minimum creep rates and stress exponents calculated from tensile and compressive creep data of magnesium alloy AE42
  2. Tree phylogenetic diversity structures multitrophic communities
  3. Water quantity and quality in the Zerafshan river basin - only an upstream riparian problem?
  4. The Meaning of Higher-Order Factors in Reflective-Measurement Models
  5. Effectiveness of a web-based intervention for injured claimants
  6. Value co-creation through collective intelligence in the public sector
  7. Gesichtssprache
  8. The Sociolinguistics of language use in Ireland
  9. What can be learnt from the brazilian cerrado?
  10. Integration of risk-oriented environmental management information systems and resource planning systems
  11. "Wen feiern wir denn eigentlich?"
  12. Correction to
  13. Lehrer-Kooperation im JeKi-Kontext
  14. Velocity-free friction compensation for motion systems with actuator constraint
  15. Nutrients addition regulates temperature sensitivity of maize straw mineralization
  16. Pastorale Agonalität
  17. Heterogeneity and Diversity
  18. Understanding role models for change
  19. Grassroots social innovation and the mobilisation of values in collaborative consumption
  20. Fluid-structure interaction modelling of a soft pneumatic actuator
  21. Investigation of the Controllability of Inductive Power Transmission Systems based on Flexible Coils
  22. Social group membership does not modulate automatic imitation in a contrastive multi-agent paradigm
  23. Investigating values and environmental attitudes in the context of the COVID-19 pandemic
  24. An-arche and Indifference
  25. Thinking with Diagrams
  26. Increasing personal initiative in small business managers or owners leads to entrepreneurial success: A theory-based controlled randomized field intervention for evidence-based management
  27. Almost-invariant sets and invariant manifolds
  28. Exploring the institutionalization of corporate responsibility
  29. Multivariate Optimization of Analytical Methodology and a First Attempt to an Environmental Risk Assessment of β-Blockers in Hospital Wastewater
  30. Wirtschaften in Netzen