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When grit leads to success: the role of individual entrepreneurial orientation
- Source :
- Business: Theory and Practice, Vol 21, Iss 2 (2020), Business: Theory and Practice; Vol 21 No 2 (2020); 643-653
- Publication Year :
- 2020
- Publisher :
- Vilnius Gediminas Technical University, 2020.
-
Abstract
- Successful enterprise has been related to numerous characteristics including entrepreneurial orientation. The current study aims to examine the influence of individual entrepreneurial orientation and grit dimensions on entrepreneurial success. The potential mediating role of consistency of interest and perseverance of effort, on the relationship between entrepreneurial orientation and success, was also explored. Survey data were collected in Tripoli, Libya from entrepreneurs during the current economic downturn and crisis. The data from the usable 147 responses was analyzed using partial least squares structural equation modelling. The statistical results revealed a significant relationship between the individual entrepreneurial orientation, consistency of interest, and perseverance of effort, with the dependent variable, entrepreneurial success. The dimensions of grit were also found to mediate the relationship between entrepreneurial orientation and success. The cross-sectional nature of the study and the smaller sample size make the findings difficult to generalize. Verification of the significance of success predictors can unravel concerns about the low rate of established and nascent businesses despite the presence of opportunities and positive perception of entrepreneurship. The study of grit dimensions as a mediator between the individual entrepreneurial orientation and success is unprecedented.
- Subjects :
- Entrepreneurship
L26
Strategy and Management
media_common.quotation_subject
Entrepreneurial orientation
lcsh:Business
Recession
perseverance of effort
Structural equation modeling
Consistency (negotiation)
ddc:650
0502 economics and business
Marketing
Grit
grit
media_common
Variables
05 social sciences
individual entrepreneurial orientation
crisis
consistency of interest
Survey data collection
050211 marketing
Psychology
lcsh:HF5001-6182
050203 business & management
entrepreneurial success
Subjects
Details
- Language :
- English
- ISSN :
- 18224202 and 16480627
- Volume :
- 21
- Issue :
- 2
- Database :
- OpenAIRE
- Journal :
- Business: Theory and Practice
- Accession number :
- edsair.doi.dedup.....8a2f17cd031d4e7bdf802b2528524b71