A Comparison of Business Success versus Failure Variables between U.S. and Central Eastern Europe Croatian Entrepreneurs

Abstract

In this study, 15 success versus failure variables were tested for differences between U.S. and Central Eastern Europe Croatian (CEEC) entrepreneurs. Nine of the values were significantly different at the .05 level and two at the .10 level (73%). U.S. Entrepreneurs started with greater capital, had more years of management experience, developed more detailed planning, made greater use of professional advice, had more college graduates, sold products with better product life-cycle timing, started their business during better economic times, were older, Included more partnerships, and had more parents who owned a business than CEEC entrepreneurs, while CEEC entrepreneurs had an easier time staffing than U.S. entrepreneurs. The Lussier (1995) U.S. success versus failure prediction model was tested Using logistic regression (S/F = f staffing, education, use of professional advice, planning)and It was also a significant predictor In CEEC. The findings should help lead to redefining entrepreneurship In CEEC, as many of Its countries commonly believe that human resources have little to do with business success and failure. As the view of human resources changes, more resources should be allocated to develop employees.

A resource-based analysis of bankruptcy law, SMEs and corporate recovery

“…Strategic posture has been found to have an influence on the likelihood of survival and success rates of small firms, typically measured either by growth or profitability (Lussier and Pfeifer, 2000). In addition to strategic posture, a range of operational factors have been proposed as bearing some relationship to chances of survival: financial management (Peterson et al, 1983), product or marketing management (Gartner et al, 1999) and human resource management (Lussier and Pfeifer, 2000).…”

Predicting Korean lodging firm failures: An artificial neural network model along with a logistic regression model

“…Taking the cue from Cho's study (1994), business failure in this study is defined as 3 years of successive negative net income. Lussier and Pfeiffer (2000) also defined a failed firm as one with loss for three consecutive years.…”

Les entrepreneurs dans les technologies de l’information et de la communication

“…Les cinq variables les plus discriminantes, tant dans la littérature théorique que dans les études empiriques, sont les suivantes : le capital humain général (Brüderl, Preisendörfer et Ziegler, 1992 ;Cooper, Gimeno-Gascon et Woo, 1994 ;Marvel, 2007 ;Thompson, 2007 ;Wiklund et Shepherd, 2001 ;Wright et al, 2007), l'expérience de l'entrepreneur (Agarwal et al, 2004 ;Filion, 1997 ;Schutjens et Wever, 2000), les activités préparatrices à la création (Brüderl, Preisendörfer et Ziegler, 1992 ;Castrogiovanni, 1996 ;Hansen, 1995 ;Lussier et Pfeifer, 2000), la motivation de l'entrepreneur (Laufer, 1975 ;Lumpkin et Dess, 1996 ;Miles et al, 1978 ;Miner, 1990 ;Sternberg, 2004 ;Wicklund, 1999) et son implantation géographique (Lasch, Le Roy et Yami, 2005a ;Kangasharju, 2000 ;Marchesnay, 1998 ;Tödtling et Wanzenböck, 2003). Nous avons donc décidé d'utiliser ces cinq variables pour tenter de construire une typologie des entrepreneurs dans les TIC.…”

“…Les activités préparatrices à la création sont également déterminantes (Brüderl, Preisendörfer et Ziegler, 1992 ;Castrogiovanni, 1996 ;Hansen, 1995 ;Lussier et Pfeifer, 2000). Elles concernent toutes les démarches entreprises par le créateur afin de se lancer dans son projet.…”