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Theoretical and Applied Economics
No. 3 / 2019 (620), Autumn

A behavioral model of failure in business

Cristina Mariana ENE (VASILE)
The Bucharest University of Economic Studies, Romania
Cosmin VIZINIUC
The Bucharest University of Economic Studies, Romania
Alexandru TAŞNADI
The Bucharest University of Economic Studies, Romania

Abstract. The authors start from the idea that those who do not encounter any failure in their business are not real entrepreneurs. Using a causal determinism type of analysis, we identify the factors that lead towards failure and the stages of its development. At the end, we present a couple of reflections regarding the regaining of moral by the entrepreneur after failure.

Keywords: failure, risk, bankruptcy, attitude, experience.

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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