Positive psychological capital, market orientation, and business performance of family business in the culinary sector: A research study

Abstract

This study aims to determine the effect of positive psychological capital and market orientation on the performance of the culinary sector family business. The unit of analysis in this study was 121 culinary sector family businesses in Makassar, South Sulawesi Province, Indonesia, which were determined by purposive proportional random sampling. The statistical testing method was used to analyze the various problems associated with the hypothesis. This is to enable further generalization using the partial least square (PLS) analysis which includes designing structural (inner model) and measurement models (outer model), constructing diagram path, and making conversion path diagram to the system of equations, as well as the estimation, evaluation of the goodness of fit, and hypothesis testing. The result showed that positive psychological capital and market orientation have a significant influence on the performance of the culinary sector family business.

Entrepreneurial Motivation, Psychological Capital, and Business Success of Young Entrepreneurs in the DRC

“…The common objective measures of BS include the number of employees and customers; survival and continuation as opposed to closure; market share; performance which in turn is assessed based on profitability and income and the total value of assets [31,34,[42][43][44][45][46][47]. Subjective measures of BS refer to the feeling the entrepreneur has towards his/her overall situation, such as the perception of personal fulfillment, social recognition and contribution, goals' achievement, life satisfaction, and family business balance [48,49].…”

Market Orientation, Transformational Leadership, Partnership Effects on Organizational Performance: Competitive Advantage as a Mediator

“…There have been different research results on the relationship between market orientation, transformational leadership, and partnership strategy on organizational performance. Market orientation has a positive effect on organizational performance (Sutapa, Mulyana, & Wasitowati, 2017;Hussain, Rahman, & Shah, 2016;Zainal, Parinsi, Hasan, Said, & Akib, 2018;Udriyah et al, 2019;Hasan, Musa, Azis, & Tahir, 2020;Sampaio, Hernández-Mogollón, & Rodrigues, 2019). However, some explain that market orientation negatively influences organizational performance (Ho, Nguyen, Adhikari, Miles, & Bonney, 2018;Acosta, Crespo, & Agudo, 2018;Deshpandé, Farley, & Webster Jr, 1993;Greenley, 1995).…”

Role of Technological Knowledge and Entrepreneurial Orientation on Entrepreneurial Success: A Mediating Role of Psychological Capital

“…The potential psychological ability enhances the individuals’ commitment to the organizations’ goals, leading to a higher organizational performance which is significant for achieving the firm’s long-term success. Undoubtedly, positive PsyCap influence the firms’ performance ( Hasan et al, 2020 ), thus preserving the business’s long-term progress. In particular, the literature shows that PsyCap has increasingly gained popularity, propelling organizations to enhance their output, thus accomplishing business success.…”