An Empirical Study of the Relationship between Entrepreneurial Curiosity and Innovativeness

Peljko, Žiga; Jeraj, Mitja; Săvoiu, Gheorghe; Marič, Miha

doi:10.1515/orga-2016-0016

Cited by 23 publications

(25 citation statements)

References 53 publications

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“…Innovation matters, not only at the level of the individual SME but also increasingly as the wellspring for national economic growth (Bessant, & Tidd, 2009). Most of the research studies confirm that innovations are the drive of SMEs development advancing the possibilities of their future competitiveness and increasing SME´s economic efficiency and performance (Kressel, & Lento, 2012;Lee, Lee, & Garett, 2017;Peljko, et al, 2016). For SME´s management is therefore the critical task to identify key factors and barriers determining their innovation activities.…”

Section: Aim Materials and Methodologymentioning

confidence: 99%

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Innovation Leaders, Modest Innovators and Non-innovative SMEs in Slovakia: Key Factors and Barriers of Innovation Activity

et al. 2017

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Background and Purpose:The field of innovation represents for small and medium enterprises (SMEs) a fundamental challenge. If the number of innovative SMEs is to rise, it is necessary to identify key factors determining their innovation activity and eliminate the innovation barriers. The main purpose of the paper is to present the results of primary research focused on identification (evaluation) of key factors and barriers determining innovation activities in Slovak SMEs. The division of SMEs into three groups of enterprises: innovation leaders, modest innovators and non-innovators enables to identify the differences in managers´ perception of the main factors and barriers determining innovation activities in various types of SMEs and to formulate policy implications for Slovak SMEs. Design/Methodology/Approach: Results of the empirical research were processed using MS Excel and the statistical analysis of the data in R3.2.4. statistical system was done. For statistical tests we assumed significance level (α = 0.1). Results: Evaluating the importance of the key factors a majority of enterprises (64.71%) indicated financial resources as the most important factor for the innovations. There is no statistically significant difference in individual (analysed) factors between innovation leaders, non-innovators and innovation followers (modest innovators). The results gained from Fisher exact test (p-value = 0.11) indicated a small difference in evaluating the significance of individual barriers between innovation leaders, non-innovators and modest innovators. Majority of enterprises also see as the main barriers to develop innovation activities bureaucracy and corruption and inappropriate state support of innovation activities. Conclusion:The main implications (conclusion) coming from the research are basic recommendations for state policy makers as well as SME´s managers to foster innovation activities in enterprises. They refer to the areas of financial resources, high-quality human resources, cooperation and participation of SMEs in different networks and clusters, systematic institutional support to SMEs, well-created vision and clearly formulated aims, and willingness of enterprises to innovate. Recommendations are summarised following the results of factor´s and barrier´s evaluation.

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Section: Aim Materials and Methodologymentioning

confidence: 99%

“…Much of the research has expanded its scope and included different types of innovation in the research (Maletič, et al, 2014). The innovation aspect of entrepreneurship has gained critical importance in almost all sectors (Peljko, et al, 2016). A wide range of new themes has appeared.…”

Section: Introductionmentioning

confidence: 99%

Innovation Leaders, Modest Innovators and Non-innovative SMEs in Slovakia: Key Factors and Barriers of Innovation Activity

et al. 2017

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“…Although curiosity has been linked to entrepreneurial success, the exact mechanism that can explain this association has remained elusive. One potential candidate mechanism is innovativeness (Pelka et al 2016). In one study of entrepreneurs from both the USA and Slovenia, 331 entrepreneurs completed questionnaires on creativity (using the Entrepreneurial Curiosity Questionnaire- (Jeraj 2014) and innovativeness (using an adaptation of the Jackson Personality Inventory-Jackson 1994).…”

Section: Curiositymentioning

confidence: 99%

Three keys to entrepreneurial success: curiosity, creativity, and commitment

Raine

Pandya

2019

Entrep Educ

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Why are some entrepreneurs more successful than others? This question is foundational to entrepreneurial education but answers remain elusive. It is argued here that three Cs in part hold the key: curiosity, creativity, and commitment. The world's most successful entrepreneurs are curious about improving society, they are creative in developing innovative ideas, and they are committed to their task. This commentary develops an initial model of how basic personality traits lead to these three core characteristics which in turn can help lay the foundation for entrepreneurial success. Theoretical perspectives and empirical findings are integrated to provide proof of concept for this entrepreneurial model. Educational programs that can enhance curiosity, creativity, and commitment in the context of business learning and practice are outlined. Limitations in the degree of support for this model are outlined, together with directions for future research. A major gap in our understanding of entrepreneurial success which needs to be addressed consists of the need for experimental research to demonstrate causality in both research and educational contexts. From an educational standpoint, development of training programs to operationalize success by enhancing these core characteristics will be critical for developing a new cadre of successful entrepreneurs.

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“…Innovativeness is based on knowledge; a new way of doing things must be based on a new way of looking at things (Marcati et al, 2008). Innovation is the single business activity that most closely relates to economic growth (Soriano & Huarng, 2013;in: Peljko et al, 2016).…”

Section: Innovativenessmentioning

confidence: 99%

“…Adapters are doing things better within the accepted (given) frame of thinking while innovators prefer to do things differently, because they redefine the problem, moving away from established patterns and frames. As the study of Peljko et al (2016) reveals, entrepreneurs should invent in their companies and stimulate innovative behaviour among their employees, which leads to synergies and higher innovativeness of companies (as well family firms) (Letonja, 2016).…”

Section: Innovativenessmentioning

confidence: 99%

An Empirical Study of the Relationship between Entrepreneurial Competences and Innovativeness of Successors in Family SMEs

2016

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Background and Purpose: In the recent period, scholarly interest for family entrepreneurship and succession has been increasing while the question of innovative capability of family SMEs and of innovativeness of founders and successors is relatively unexplored. Little is known about the factors, which are positively correlated, or affect innovativeness of successors in family SMEs. This research explores the relationship between entrepreneurial competences of the founders in family SMEs and innovativeness of their successors. Design/Methodology/Approach: The target group were family SMEs of the first and the second generation – their founders and successors in Slovenia. As our research includes two independent samples with mostly ordinal data, we used univariate (analysis of means, variance, reliability index Cronbach alpha, t-test) and multivariate (simultaneous analysis of more variables, correlation) statistical methods to study the two constructs - entrepreneurial competences of the founders and innovativeness of successors, to test the positive correlation between the two. Results: Results indicate that entrepreneurial competences like creativity, attitude toward risk-taking, attitude toward negotiations, technical knowledge and skills and marketing knowledge and skills of the founders in family SMEs positively correlate with innovativeness of successors. The results of this study indicate that entrepreneurial competences of founders are important factor for fostering innovativeness of successors. Conclusion: This paper links the two studied constructs and presents a valuable contribution for entrepreneurship theory; therefore, the results could be used for a further scientific research as also for practical implications.

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An Empirical Study of the Relationship between Entrepreneurial Curiosity and Innovativeness

Cited by 23 publications

References 53 publications

Innovation Leaders, Modest Innovators and Non-innovative SMEs in Slovakia: Key Factors and Barriers of Innovation Activity

Innovation Leaders, Modest Innovators and Non-innovative SMEs in Slovakia: Key Factors and Barriers of Innovation Activity

Three keys to entrepreneurial success: curiosity, creativity, and commitment

An Empirical Study of the Relationship between Entrepreneurial Competences and Innovativeness of Successors in Family SMEs

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