How Much Entrepreneurial Characteristics Matter in Strategic Decision-Making

URU, F. Oben; CALISKAN, Sezer C.; ATAM, Özlem; AKSU, Mustafa

doi:10.20460/jgsm.2011515817

Cited by 2 publications

(2 citation statements)

References 41 publications

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“…Because a higher percentage (77.8%) of these entrepreneurs do not have strategic decision making abilities and only 22.2% of the entrepreneurs show a very high probability of achieving long term survival, goes to point out the importance of entrepreneurial characteristics and business practices to entrepreneurs. that the high percentage (77.8%) of these entrepreneurs with low strategic decision making abilities is because they lack entrepreneurial characteristics, which have been identified as important factors that matter most in the strategic decision making process of a business (Uru et al, 2011). This acknowledgement is further investigated in the results in Table 7.…”

Section: Question Two: Does the Entrepreneur Have The Necessary Entrementioning

confidence: 90%

Towards establishing long term surviving small and medium enterprises (SMEs) in South Africa: An entrepreneurial approach

Neneh¹

2012

Afr. J. Bus. Manage.

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The question of why some businesses survive and others do not is still a central focus in entrepreneurship studies. Considering that entrepreneurs/owner-managers are the key decision makers in small and medium enterprises (SMEs) and have direct control over the day to day operations of their business, ensuring the long term survival of their businesses remains a crucial issue to them. The objective of this paper is to establish a unique set of entrepreneurial competencies (entrepreneurial mindset, entrepreneurial characteristics and business practices) that can help entrepreneurs to create long term surviving SMEs. This study adopts the theoretical framework on achieving long term SME survival established by Neneh et al. (2011) and empirically tested the validity of their findings. The population for the study comprised of entrepreneurs in the SME sector in Bloemfontein, Botshabelo and Thaba'Nchu (Free State province in South Africa). The results corroborated with the theoretical assumptions established in the framework. The key finding was that all entrepreneurs who possessed all the entrepreneurial competencies had a very high probability of achieving long term SME survival. This study provides empirical evidence to endorse the theoretical framework for achieving long term SME survival. It is assumed that this study will act as a guide for business consultants and academics to gain a better understanding of the type of learning tools they need to adopt to take entrepreneurs through the learning process in order to ensure the long-term survival and sustainability of SMEs.

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Section: Question Two: Does the Entrepreneur Have The Necessary Entrementioning

confidence: 90%

Towards establishing long term surviving small and medium enterprises (SMEs) in South Africa: An entrepreneurial approach

Neneh¹

2012

Afr. J. Bus. Manage.

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“…SDM is the process of taking routine decision, regarding how to manage resources efficiently and to prepare the qualitative strategic plan for the future. Uru et al (2011) also highlighted that the SDM has impact on business growth.…”

Section: Tablementioning

confidence: 99%

Modeling cold supply chain environment of organized farm products retailing in India

Shashi¹,

Singh²

2015

10.5267/j.uscm

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How Much Entrepreneurial Characteristics Matter in Strategic Decision-Making

Abstract: The main object of this paper is to examine the effects of entrepreneurial characteristics on the dimensions of strategic decision-making (SDM)

Cited by 2 publications

References 41 publications

Towards establishing long term surviving small and medium enterprises (SMEs) in South Africa: An entrepreneurial approach

Towards establishing long term surviving small and medium enterprises (SMEs) in South Africa: An entrepreneurial approach

Modeling cold supply chain environment of organized farm products retailing in India

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