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All Journal Journal of Education and Learning (EduLearn) JDM (Jurnal Dinamika Manajemen) Management Analysis Journal Economic Education Analysis Journal Jurnal Bisnis dan Manajemen SELAPARANG: Jurnal Pengabdian Masyarakat Berkemajuan DIJB (Diponegoro International Journal of Business) J-Dinamika: Jurnal Pengabdian Kepada Masyarakat Jurnal Pengabdian Masyarakat Asia Indonesian Journal of Devotion and Empowerment (IJDE) Jurnal Manajemen dan Pemasaran Jasa
Kris Brantas Abiprayu, Kris Brantas
Management Department, Faculty Of Economics, Universitas Negeri Semarang
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Journal : Jurnal Manajemen dan Pemasaran Jasa

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Examining learning from failure to venture growth: Empirical study in hospitality SMEs in Indonesia Prihandono, Dorojatun; Abiprayu, Kris Brantas; Wijaya, Angga Pandu; Ismail, Norain
Jurnal Manajemen dan Pemasaran Jasa Vol. 17 No. 2 (2024): September
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v17i2.20338

Abstract

This study investigates the crucial role of learning from failure in shaping venture growth within the context of the hospitality industry, particularly in light of recent challenges posed by increasingly complex and competitive external factors. The hospitality industry has been the most severely affected by the crisis, making it a relevant context for research. Employing a quantitative approach, the study examines the influence of emotions, narcissism, and stock of knowledge on learning from failure and its subsequent impact on venture growth. A total of 161 respondents, all owners of SMEs in the hospitality sector, completed the questionnaire. The data obtained were analyzed using variance-based structural equation modeling (VB-SEM). The results indicate that while emotions and narcissism present obstacles and opportunities for learning, a strong stock of knowledge positively affects learning from failure and venture growth. However, the study shows that narcissism does not directly influence venture growth but does so indirectly through learning from failure. These findings underscore the importance of fostering a culture that embraces failure as a catalyst for innovation and resilience in adversity. The study contributes valuable insights into the dynamics of learning from failure and its implications for entrepreneurial success in the hospitality industry.
Co-Authors - Kusmuriyanto Airiq, Irnin Miladdyan Amal, Muhammad Ihlashul’ Andhi Wijayanto Angga Pandu Wijaya, Angga Pandu Arief Yulianto Ascariena Rafinda Bayu Wiratama Bayu Wiratama Bayu Wiratama, Bayu Dheasey Amboningtyas Dwi Cahyaningdyah Festi Zulfaturrohmah Handoko, Fitrian Budi Ismail, Norain Julius Pungky Wasono Widagdo Kamilia, Nurul Lestari, Yanesti Nur Avianda Mudrikah, Saringatun Murwatiningsih Murwatiningsih Nurdian Susilowati Prihandono, Dorojatun Rachmadi, Moch Faizal Rini Setyo Witiastuti Siti Ridloah Sri Utami Wicaksari, Erisa Aprilia Widia, Syam Zulfaturrohmah, Festi