The significance of personality in business start-up intentions, start-up realization and business success

The Vital Factors for Small and Medium Sized Sport Enterprises Start-ups

“…Thus, research has shown the personality characteristics for entrepreneurial intention are: the need for success, the amount of risk taking, creativity and self-control (Brockhaus & Horwitz, 1986, quoted by Schwarz et al, 2009). In another study, the results of Frank et al (2007), have also confirmed this finding. However, much research has been carried out involving the important position and influential personality characteristics noted in the creation of small and medium enterprises (Acs & Audretsch, 1989;Hall & DeVaney, 2009;Pillis & Reardon, 2007;Schwarz et al, 2009) but the other researchers also viewed it with skepticism including Kessler (2007) and Masodnia (2007), pointing out that personality paradigms in entrepreneurship face serious issues and challenges.…”

“…First, a humanistic school of thought focuses on the entrepreneurs and their personal respective concerns. Accordingly, the entrepreneur's personalities and backgrounds including family, education, work experience and entrepreneurship, gender, age etc., play decisive roles in creating successful new businesses (Acs & Audretsch, 1989;Frank et al, 2007;Hall & DeVaney, 2009;Pillis & Reardon, 2007;Shook, Priem, & McGee, 2003;Van Gelderen, Thurik, & Bosma, 2006;Van Vuuren & Groenewald, 2007).…”

Personality Traits of Entrepreneurs: A Review of Recent Literature

“…Among the settings discussed above, the higher need for achievement is evident in the studies of the Austrian entrepreneurs (Korunka et al, 2003) and the Turkish students (Gürol and Atsan, 2006), but not in the study of Swedish entrepreneurship students (Hansemark, 2003). Comparing four Austrian studies, Frank et al (2007) conclude that the need for achievement selects individuals for entry into entrepreneurship. Turning to comparative analyses across countries, Stewart and Roth (2007) conclude from a meta-analysis of 18 studies and 3,272 subjects that entrepreneurs exhibit a higher achievement motivation than managers regardless of country or type of instrumentation ("projective" or "objective").…”

“…Rauch and Frese (2007a) find similar results. However, Frank et al (2007) argue that the need for achievement, along with other personality factors, is much less relevant than environmental resources and many "process configurations" (such as the set of management functions including planning, organization, and human resource practices) in explaining entrepreneurial performance.…”

Towards a new framework for SMEs success: a literature review

“…Karaev et al (2007), in their review of the effect of a cluster approach on SMEs (based on 250 articles and 50 conference papers), also conclude that entering into cooperative relations with other SMEs and related partner institutions has a positive effect on competitiveness. Prior studies further suggest that business networks show their positive effects in the long term reinforcing their impact on long term survival (Baum and Locke, 2004;Chrisman and McMuUan, 2004;Ciavarella et al, 2004;Frank et al, 2007;Korunka et al, 2004). Besser and Miller (2011) distinguish between business networks based on contractual arrangements, such as joint ventures, alliances and supply chains and networks which are formal, membership organisations such as industry associations and regional business associations.…”