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Navigating Peaks and Valleys - Fostering Resilience via Entrepreneurial Life Design

Year: 2024

Type: article

Abstract: This paper explores the integration of resilience within Entrepreneurial Life Design (ELD) in Entrepreneurship Education (EE). It examines the link between resilience and entrepreneurship, focusing on ELD to build resilience in aspiring entrepreneurs. The study introduces the 4D LOOPING Framework to enhance essential resilience resources, comprising the Discover, Design, Deliver, and Discuss phases. These resources include personal attributes like self-efficacy and adaptability, which prepare entrepreneurs to handle setbacks effectively. The paper proposes that ELD frameworks, such as 4D LOOPING, strengthen resilience resources and contribute to more sustainable entrepreneurial success. The research adopts a translational science approach, bridging the gap between theoretical understanding of resilience and its practical implementation in EE. Further research is recommended to explore the empirical impact of ELD frameworks on entrepreneurial resilience.

Source: DOAJ (DOAJ: Directory of Open Access Journals)

DOI: 10.23726/cij.2024.1578

Authors: Gisa Todt, Barbara Wolf, Bettina Maisch

Institutions: Ludwig-Maximilians-Universität München, Munich University of Applied Sciences

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Quality education

Open Access status: green

OpenAlex ID: W6888869972

FWCI: 2.217

Cites:

Cited by: 5

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