How to succeed in business? Scientists: let someone tell you that you won't make it
A study from North Carolina State University and other institutions indicates that negative prophecies can motivate entrepreneurs to work harder, highlighting the 'underdog effect.'
Research conducted by scientists from North Carolina State University, Hanken School of Economics, Northern Illinois University, and Syracuse University reveals that negative predictions can paradoxically drive entrepreneurs to work harder. This phenomenon, referred to as the 'underdog effect,' encapsulates the internal pressure individuals feel to prove doubters wrong. The findings were published in the 'Journal of Business Venturing'.
Previously, studies on entrepreneurial perseverance focused mainly on internal motivators such as passion, self-confidence, and professional identity. This research shifts the perspective by exploring how external doubts, criticism, and pessimistic projections can instead ignite determination and resilience among entrepreneurs. The notion is that such negativity may not extinguish their ambitions but rather fuel their drive to succeed despite adversity.
The implications of these findings suggest a nuanced understanding of entrepreneurial motivation. While positive reinforcement has long been celebrated, this research highlights the extraordinary potential of negative feedback as a catalyst for innovation and hard work. Encouraging a culture where critique is welcomed, rather than shunned, may lead to greater entrepreneurial success and resilience in the face of challenges.