Relationship of the Entrepreneur's Personality to Long- Term Venture Survival
examines the relationship of the entrepreneur’s personality to long-term venture survival.
Measuring survival:
Likelihood of the venture will survive atleast 8 years
Overall life span of the venture.
Big 5 characteristics :
Extraversion
Emotional
Stability
Agreeableness
Conscientiousness
Openness to experience
Entrepreneur’s conscientiousness is positively related to long-term venture survival.
Negative relationship between entrepreneur’s openness to long-term ventures survival.
Not related to long-term venture survival:
Extraversion
Emotional stability
Agreeableness
Relationship between the entrepreneur’s personality and one measure of success.
1) survival is measured in 2 ways: survived beyond the adolescence stage (min 8 years) over all length
2) each factor will have positive effects on the new venture’s likelihood of survival and its overall life span.
3) definition of entrepreneur for the purposes of this study is an individual who founds an independent new venture.
4) First measure of survival, they use logistic regression.
5) Second measure of survival, they use survival analysis
Logistic regression and survival analysis allows us to test the effects of the BIG FIVE factors on whether and for how long the new venture survived.
6) Positive relationship between each characteristics but only conscientiousness was a significant predictor of the relationships
7) hardworking and perservering are important
8) openness was negatively related to long-term new venture survival.
9) ppl who takes the venture in various strategic or opportunistic directions in the startup stage are more likely to have a venture survive for the long term.
10) entrepreneur needs to evolve into a manager to shepherd a new venture to long-term survival.
11) new venture survival: conscientious attitude and not being open to various avenues of divergence
12) factors are more predictive of venture survival than industry, startup experience or the
Measuring survival:
Likelihood of the venture will survive atleast 8 years
Overall life span of the venture.
Big 5 characteristics :
Extraversion
Emotional
Stability
Agreeableness
Conscientiousness
Openness to experience
Entrepreneur’s conscientiousness is positively related to long-term venture survival.
Negative relationship between entrepreneur’s openness to long-term ventures survival.
Not related to long-term venture survival:
Extraversion
Emotional stability
Agreeableness
Relationship between the entrepreneur’s personality and one measure of success.
1) survival is measured in 2 ways: survived beyond the adolescence stage (min 8 years) over all length
2) each factor will have positive effects on the new venture’s likelihood of survival and its overall life span.
3) definition of entrepreneur for the purposes of this study is an individual who founds an independent new venture.
4) First measure of survival, they use logistic regression.
5) Second measure of survival, they use survival analysis
Logistic regression and survival analysis allows us to test the effects of the BIG FIVE factors on whether and for how long the new venture survived.
6) Positive relationship between each characteristics but only conscientiousness was a significant predictor of the relationships
7) hardworking and perservering are important
8) openness was negatively related to long-term new venture survival.
9) ppl who takes the venture in various strategic or opportunistic directions in the startup stage are more likely to have a venture survive for the long term.
10) entrepreneur needs to evolve into a manager to shepherd a new venture to long-term survival.
11) new venture survival: conscientious attitude and not being open to various avenues of divergence
12) factors are more predictive of venture survival than industry, startup experience or the