Skip to main content

Search from vocabulary

Content language

Concept information

Preferred term

tolerance for failure  

Definition

  • The creation of new ventures, especially when these involve technological innovations, is widely considered to unleash a wealth of positive effects on the economy, such as higher employment, increased productivity, and enhanced development. By their very nature, new ventures are uncertain. [Source: Encyclopedia of New Venture Management; Tolerance for Failure]

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/tolerance_for_failure

Download this concept: