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0:00
Hello, everyone!
Today we're exploring
a critical trait linked
to successful
entrepreneurs resilience.
Our understanding of
resilience builds on
foundational work in child
psychology to shed light
on why some individuals and
not others thrive in
the challenging world
of entrepreneurship.
Today, we'll examine
resilience as
origins in childhood
experiences,
how it develops and its
impact on
entrepreneurial success.
0:29
Resilience is generally
understood to be the capacity to
adapt successfully to
disturbances that
threaten function,
threaten viability or
threaten development.
In entrepreneurship, we see it
as the ability to
cope with the stress,
uncertainty, and
challenges inherent
in starting and
running a business.
0:48
Today, we'll cover
the theoretical
foundations of resilience,
resilience in
entrepreneurship research,
a two-part research approach
that I took and key findings
from my studies and implications
and applications
from these studies.
1:03
Our understanding of resilience
has its roots in the
groundbreaking work of
Norman Garmezy and Emmy
Werner in the 1970s and 80s.
1:12
Garmezy, the founder
of contemporary
resilience research,
discovered that many
children exposed to
significant risk factors such
as poverty or family instability
still developed into
well adjusted adults.
This led him to propose that
resilience results from
the interaction between
risk factors and
protective factors
in a child's life.
1:33
Emmy Werner's landmark
longitudinal study
in Hawaii found that
about one third of
high risk children
developed into caring competent
and confident adults.
Werner identified
protective factors
that seem to counterbalance
adverse conditions
including connection
to competent and caring adults,
good cognitive and
self-regulation skills,
positive view of self and
motivation to be effective
in one's environment.
