alexa The relationship of entrepreneurial traits, skill, and motivation to subsequent venture growth.
Business & Management

Business & Management

Journal of Entrepreneurship & Organization Management

Author(s): Baum JR, Locke EA, Baum JR, Locke EA, Baum JR, Locke EA, Baum JR, Locke EA

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Abstract Previous research on entrepreneurship as well as goal, social-cognitive, and leadership theories has guided hypotheses regarding the relationship between entrepreneurial traits and skill (passion, tenacity, and new resource skill) and situationally specific motivation (communicated vision, self-efficacy, and goals) to subsequent venture growth. Data from 229 entrepreneur-chief executive officers and 106 associates in a single industry were obtained in a 6-year longitudinal study. Structural equation modeling revealed a web of relationships that impact venture growth. Goals, self-efficacy, and communicated vision had direct effects on venture growth, and these factors mediated the effects of passion, tenacity, and new resource skill on subsequent growth. Furthermore, communicated vision and self-efficacy were related to goals, and tenacity was related to new resource skill. (c) 2004 APA This article was published in J Appl Psychol and referenced in Journal of Entrepreneurship & Organization Management

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