SOCIAL CAPITAL, LEARNING FROM INNOVATION FAILURE, AND INNOVATION: SOME INSIGHTS FROM HIGH-GROWTH SMALL BUSINESSES IN A COLLECTIVIST CULTURE

Abstract

The objective of this study is to examine the relationships between social capital, learning from innovation failure, and high-growth small business innovation in the context of a collectivist culture. This study employed a quantitative approach. Data were collected from 78 high-growth small businesses and were analysed using the Partial Least Squares (PLS). It was found that there is a strong link between social capital and innovation. We also focus on the importance of learning from innovation failure in relation to social capital and innovation. This study emphasises social capital and learning from innovation failure as sources of innovation through the lenses of a knowledge-based perspective. Little research has been undertaken to examine the relationships between social capital and learning from innovation failure. This study offers this and provides a particular context: high-growth small businesses in a collectivist culture.