From passion to profit: unveiling the strengths of proactive mindset, perseverance, excellence and education in the entrepreneurial success of MSMEs

IF 3.6 Q2 MANAGEMENT

International Journal of Productivity and Performance Management Pub Date : 2024-01-11 DOI:10.1108/ijppm-05-2023-0269

Abhijeet Biswas

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引用次数: 0

Abstract

Purpose

The study investigates the linkage between personality traits and firm performance. It examines the role of the pursuit of excellence, perseverance, a proactive mindset and formal education in determining the entrepreneurial success of MSMEs.

Design/methodology/approach

Data were collected from 432 MSME entrepreneurs using a structured questionnaire from India's two major industrial towns to analyze the impact of personality traits on firm performance. Structural equation modeling (SEM) was employed to assess the direct and indirect relationships with the help of mediation analysis.

Findings

The findings assert that personality traits improve firm performance and determine the success of MSMEs. The results reveal that the need for achievement, a proactive mindset and the pursuit of excellence are crucial to firm performance. In addition, formal education mediates between perseverance and the pursuit of excellence personality attributes on the one side and firm performance on the other.

Research limitations/implications

The research has various theoretical and practical implications for entrepreneurs, financial institutions and policymakers. The results could be productively used to nurture the entrepreneurial ecosystem in India.

Originality/value

Although research on personality traits as a driver of firm performance is growing, the pursuit of excellence, perseverance and proactive mindset attributes as enablers of firm performance have not garnered much attention. The study presents a precise conceptual model by integrating the aforementioned dimensions in the backdrop of an emerging market.

查看原文本刊更多论文

从激情到利润：揭示积极心态、毅力、卓越和教育在中小微企业创业成功中的力量

目的本研究探讨了个性特征与企业绩效之间的联系。研究探讨了追求卓越、坚韧不拔、积极主动的心态和正规教育在决定中小微企业创业成功方面的作用。设计/方法/途径通过结构化问卷从印度两大工业重镇的 432 名中小微企业创业者中收集数据，分析人格特质对企业绩效的影响。在中介分析的帮助下，采用了结构方程模型（SEM）来评估直接和间接关系。结果显示，成就感、积极主动的心态和追求卓越的精神对企业绩效至关重要。此外，正规教育在毅力和追求卓越的个性特征与公司业绩之间起到了中介作用。研究局限/影响研究对企业家、金融机构和政策制定者具有各种理论和实践意义。原创性/价值尽管有关人格特质作为公司业绩驱动因素的研究日益增多，但追求卓越、坚韧不拔和积极主动的心态特质作为公司业绩的促进因素却并未引起广泛关注。本研究以新兴市场为背景，通过整合上述维度，提出了一个精确的概念模型。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Productivity and Performance Management MANAGEMENT-

CiteScore

7.90

自引率

9.70%

发文量

期刊介绍： ■Organisational design and methods ■Performance management ■Performance measurement tools and techniques ■Process analysis, engineering and re-engineering ■Quality and business excellence management Articles can address these topics theoretically or empirically through either a descriptive or critical approach. The co-Editors support articles that significantly bring new knowledge to the area both for academics and practitioners. The material for publication in IJPPM should be written in a manner which makes it accessible to its entire wide-ranging readership. Submissions of highly technical or mathematically-oriented papers are discouraged.