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]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/tolerance_for_failure
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