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Cover image for book Value of Failure

Value of Failure

The Spectrum of Challenges for the Economy
By:Leszek Gracz; ‎Joanna Markiewicz
Publisher:Ingram Publisher Services UK- Academic
Print ISBN:9781783087341
eText ISBN:9781783087358
Edition:1
Format:Page Fidelity

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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.