Title
Explaining entrepreneurial status and success from personality : an individual-level application of the entrepreneurial orientation framework Explaining entrepreneurial status and success from personality : an individual-level application of the entrepreneurial orientation framework
Author
Faculty/Department
Faculty of Social Sciences. Political Sciences
Publication type
article
Publication
Leuven ,
Subject
Psychology
Source (journal)
Psychologica Belgica / Société belge de psychologie. - Leuven
Volume/pages
55(2015) :1 , p. 32-56
ISSN
0033-2879
ISI
000355953400003
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
Entrepreneurial orientation is defined as an organization's strategy, describing its innovativeness, proactivity, risk taking, autonomy and competitiveness. We argue that this concept can be translated to the individual level as a constellation of five personality traits that characterize entrepreneurs. We examine the usefulness of these five traits in explaining entrepreneurial status and success. Our results show that entrepreneurs score higher than non-entrepreneurs on innovativeness, proactivity, and risk taking. In addition, latent growth curve modeling revealed that the individual EO traits were related to objective venture performance, albeit only after introducing venture life cycle as a moderator. In line with a differentiation perspective, risk taking, innovativeness, need for achievement, and need for autonomy were positively related to revenue and number of employees when venture life cycle was high. In line with a situation strength perspective, need for autonomy was positively related with growth in number of employees when venture life cycle was low. We conclude that individual entrepreneurial orientation offers a useful framework to understanding entrepreneurship once situational factors, such as venture life cycle, are taken into consideration.
E-info
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Full text (open access)
https://repository.uantwerpen.be/docman/irua/c3f17f/126449.pdf
Handle