Relationships between the Big-5 Model and Effectuation versus Causation Logics of Entrepreneurs in New Ventures: The Estonian IT Sector

Coudounaris, Dafnis N.; Arvidsson, Henrik G.S.

doi:10.3390/admsci11040106

Cited by 4 publications

(3 citation statements)

References 93 publications

(130 reference statements)

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“…Prior studies find that an entrepreneur who is dominant in agreeableness personality trait has a vision for business success ( Teruel-Sánchez et al, 2021 ) and the allure of the business longevity ( Honjo and Kato, 2022 ). Additionally, it has been demonstrated that the agreeableness personality trait positively correlates with business success because such an entrepreneur places importance in establishing internal networking values and culture ( Coudounaris and Arvidsson, 2021 ). We, therefore, expect a positive relationship between the descendant entrepreneur’s agreeableness personality trait and the small family business’s succession success.…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

2023

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PurposeIn this paper, we investigate two research queries pertaining to the success of small family business succession. First, we examine how the Big-5 personality traits of descendant entrepreneurs influence the success of their family business succession. Second, we investigate whether descendant entrepreneurs whose personality traits are congruent with the values of their family business, would lead to the success of their family business succession, through the mediating role of descendant entrepreneur-family business value congruence (DE-FBVC).MethodologyWe rely on the person-organization fit theory for our conceptual framework and we collected primary data from 124 respondents designated as chairman and managing directors in small family businesses.ResultsOur results show that a descendant entrepreneur’s openness, extroversion, conscientiousness, and agreeableness traits are likely to lead to successful family business succession, but a descendant entrepreneur with neuroticism trait is unlikely to do so. In addition, our results reveal that the DE-FBVC mediates the relationship between openness and extroversion traits with succession success positively, but between neuroticism trait and succession success negatively. By contrast, we find that DE-FBVC does not mediate the relationship between conscientiousness and agreeableness traits with succession success.OriginalityThe findings of our study suggest that while four of the Big-5 personality traits matter for the success of small family business succession, specific personality traits of descendant entrepreneurs which are found to be congruent with the values of their family business, will also lead to succession success.

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Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

2023

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“…In their paper, Chandler et al. (2011) used 13 items and Coudounaris and Arvidsson (2021) used 12 items to measure the key dimensions of effectuation. The scale was measured using five-point Likert scale, anchored by “not at all” and “very much.”…”

Section: Methodsmentioning

confidence: 99%

Unveiling the synergy: entrepreneurial effectuation and alliance-driven SME diversification

Alam,

Masroor,

Nabi

et al. 2024

RIBS

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Purpose Internationalisation is a complex and uncertain process for small and medium-sized enterprises (SMEs), characterised by challenges such as limited resources, lack of international experience and uncertainty in foreign markets. This study aims to explore the impact of entrepreneurial effectuation on the diversification of products and market expansion. Additionally, it examines the mediating role of alliance capabilities in this relationship. Design/methodology/approach This study developed five hypotheses based on an extensive and relevant literature review. Data were collected using nonprobability judgemental and snowball sampling techniques from 202 software exporting firms in Bangladesh to measure the relationship. Data collected from the survey were then analysed using partial least squares-structural equation modelling. Findings The results of this study show that all five hypotheses developed in this study are supported. This study found a positive impact of entrepreneurial effectuation on product and market diversification. Study results also show that alliance capabilities mediate the relationship between entrepreneurial effectuation and product and market diversification. Research limitations/implications In the face of internationalisation uncertainties, SMEs use effectual decision-making logic and form strategic alliances to enhance their competitive positions. This research contributes to understanding how SMEs use effectuation in navigating international markets and expanding their product portfolios and market reach. Originality/value This study pioneers a mediation approach to explore the relationship between entrepreneurial effectuation, alliance capabilities and diversification in SME internationalisation. Examining the interplay of decision-making logic and collaborative ventures, this study offers insights into the complexities of SME internationalisation in uncertain environments.

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“…Factors influencing knowledge management are agreeableness and knowledge self-efficacy (Baker et al, 2021;Coudounaris & Arvidsson, 2021;Lynn, 2021;Asiaei & Jusoh, 2015). Trust is an individual factor and is the main requirement in knowledge management (Asiaei & Jusoh, 2015).…”

Section: Introductionmentioning

confidence: 99%

Antecedents of knowledge management: The case of professional employees in Indonesia

Laily,

Mustika,

Irdiana

et al. 2024

Knowledge and Performance Management

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This study aims to evaluate and test the impact of knowledge, trust, unity, and self-efficacy on knowledge management of employees in Indonesian businesses in the education sector. This empirical study also examines the relationship between knowledge management among employees in Indonesian education sector businesses and conformity through knowledge self-efficacy, trust, and unity. A quantitative causality technique was employed in the study using a sample of workers from Indonesian companies involved in the education sector (at least 35 years old and engaged). The primary data consisted of 220 replies from respondents with varying educational backgrounds. Partial Least Squares Structural Equation Modelling software was used to analyze the data. The Likert scale is used to determine each answer’s value. Empirical evidence shows that knowledge self-efficacy does not affect the knowledge management of employees in these companies (T Statistics = 0.992); on the other hand, knowledge self-efficacy influences conformity, harmony, and confidence, which in turn affects the knowledge management of employees in these companies. The indirect effect demonstrates that agreement can moderate the influence of knowledge self-efficacy on the knowledge management of employees in these companies (T Statistics = 5,959); conversely, conformity mediates the strong impact of trust on the knowledge management of employees in these businesses. The empirical results show that employees need to have a high level of knowledge for diverse expertise to function well. Conversely, trust will make people more eager to share their information. Lack of confidence might impede the dissemination of knowledge. Acknowledgment We acknowledge the partial publication funding provided by Indonesia school of Economic (STIESIA), Surabaya, Indonesia

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Relationships between the Big-5 Model and Effectuation versus Causation Logics of Entrepreneurs in New Ventures: The Estonian IT Sector

Cited by 4 publications

References 93 publications

Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

Unveiling the synergy: entrepreneurial effectuation and alliance-driven SME diversification

Antecedents of knowledge management: The case of professional employees in Indonesia

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