The Most Important Attributes of Entrepreneurs. Case Study of the Environment of Czech SMEs.

Open access

Abstract

The aim of this paper was to define and quantify the most important attributes of entrepreneurs in the segment of small and medium-sized enterprises. The partial objective was to compare the opinions of the entrepreneurs in relation to their gender, age and level of education. Scientific questions, defined in this paper, were verified through empirical research conducted in the Czech Republic in 2015 on a sample of 1,141 entrepreneurs. In our research, we found that entrepreneurs consider expertise, responsibility and perseverance to be the most important personal characteristics and skills. Propensity to risk and decisiveness are ranked right after them. The same group of three most important attributes is presented by all defined groups of entrepreneurs, which means that the assessment of the importance of these attributes remains the same regardless of gender, age and level of education of the entrepreneur. It is interesting that the weight of the expertise increases with the age of the entrepreneur. This trend is caused by the fact that men significantly more intensively presented this opinion. When evaluating the attitudes of entrepreneurs to other characteristics and skills no significant differences in relation to gender, age and education were identified.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • 1. Beugelsdijk S. Noorderhaven N. (2005). Personality characteristics of self-employed; An empirical study. Small Business Economics 24(2) 159-167. DOI 10.1007/s11187-003-3806-3

  • 2. Caliendo M. Fossen F. Kritikos A. S. (2014). Personality characteristics and the decisions to become and stay self-employed. Small Bus Econ 42 787 – 814.

  • 3. Deáková K. Drážovská K. Grznárik D. Kondášová I. (2010). Entrepreneurship. Bratislava: SOPK.

  • 4. Fetisovová E. akol. (2012). Aktuálne problem financií malých a stredných podnikov. Bratislava: Ekonóm.

  • 5. Flešková M. Babiaková B. Nedelová G. (2011). Preferencie vysokoškolských študentov v profesionálnom živote a ich predstavy o vlastnom podnikaní. E+M Ekonomie a management 1/2011 97-111.

  • 6. Frese M. Gielnik M. M. (2014). The Psychology of Entrepreneurship. Annual Review of Organizational Psychology and Organizational Behavior Vol. 1 pp. 413-438. DOI 10.1146/annurev-orgpsych-031413-091326

  • 7. Goktan A. B. Gupta V. K. (2015). Sex gender and individual entrepreneurial orientation: evidence from four countries. International Entrepreneurship and management Journal Vol. 11 pp. 95-112.

  • 8. Honjo Y. (2015). Why are entrepreneurship levels so low in Japan? Japan and the World Economy 36 88-101.

  • 9. Hvide H. K. Panos G. A. (2014). Risk tolerance and entrepreneurship. Journal of Financial Economics 111: 200 – 223.

  • 10. Ilouga S. N. Mouloungni A. C. N. Sahut J. M. (2014). Entrepreneurial intention and career choices: the role of volition. Small Bus Econ 42: 717 – 728.

  • 11. Kautonen T. Down S. and Minniti M. (2014). Ageing and entrepreneurial preferences Small Business Economics Vol. 42 pp. 579-594.

  • 12. Kvietok A. (2013). Psychological profile of the entrepreneur. Retrieved March 24 2014 from http://www.psyx.cz/texty/psychologickyprofilpodnikatele.php

  • 13. Lee D. Y. Tsang E. W. K. (2002). The effects of entrepreneurial personality background and network activities on venture growth. Journal of Management Studies 38(4) 583 – 602.

  • 14. Omerzel G. D. Kušce I. (2013). The influence of personal and environmental factors on entrepreneurs' performance. Kybernetes 42(6) 906-927. http://dx.doi.org/10.1108/K-08-2012-0024

  • 15. Plotnikova M. Romero I. Martinez-Roman J. A. (2016). Process innovation in small business: the self-employed as entrepreneurs. Small Business Economics 23 May pp. 1-16. DOI 10.1007/s11187-016-9743-8

  • 16. Srpová J. Řehoř v. a kol. (2010). Základy podnikání. Praha: Grada.

  • 17. Synek M. a kol. (2006). Podniková ekonomika. Praha: C. H. Beck.

Search
Journal information
Cited By
Metrics
All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 880 523 17
PDF Downloads 2693 2305 207