Entrepreneurial Orientation: Its Relationship with the Entrepreneur’s Subjective Success in SMEs

Guadalupe Manzano-García and Juan-Carlos Ayala-Calvo
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Guadalupe Manzano-García: Chair of family businesses, Universidad de la Rioja, 26004 Logroño, La Rioja, Spain
Juan-Carlos Ayala-Calvo: Chair of family businesses, Universidad de la Rioja, 26004 Logroño, La Rioja, Spain

Sustainability, 2020, vol. 12, issue 11, 1-17

Abstract: Previous research has underlined, normally from a firm-level perspective, the importance of entrepreneurial orientation in explaining objective entrepreneurial success. Nevertheless, its impact on the perception of entrepreneurs with respect to what entrepreneurial success means to them remains underexplored. Based on a sample of manager-owners of small companies, and contemplating entrepreneurial orientation as an individual concept, we used a time-lagged design with two data-collection points to explain the effect of innovative orientation (IO), risk-taking orientation (RTO) and proactive orientation (PO) on the subjective success of entrepreneurs. Our results show that only one dimension of entrepreneurial orientation, proactive orientation, is associated with entrepreneurs’ satisfaction with their activity, life, organization and the growth of the company.

Keywords: entrepreneurs; entrepreneurial orientation; subjective success (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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