Businessman or Host? Individual Differences between Entrepreneurs and Small Business Owners in the Hospitality Industry
2008-11-11
Research Paper
| Related Files |
|---|
View PDF Version
(ERS-2008-073-ORG.pdf, 0.6MB) |
Prior research has identified individual characteristics that distinguish business owners from non-business owners. We tested our contention that not every successful business owner can be characterized by such typical “entrepreneurial” characteristics. Multiple Analysis of Variance (MANOVA) on a unique dataset of 194 business owners in the hospitality industry revealed that several individual characteristics discriminated between entrepreneurs and small business owners. Entrepreneurs possessed higher levels of independence, tolerance of ambiguity, risk-taking propensity, innovativeness, and leadership qualities, but not of market orientation and self-efficacy. We conclude that “entrepreneurial” characteristics identified in the literature may be useful predicting a specific type of business ownership. However, other criteria need to be developed in order to describe other groups of business owners operating in the service industry.
- entrepreneurship
- job performance
- personality characteristics
- dienstensector
- business success
- small business owners
- L26 : Entrepreneurship
- O32 : Management of Technological Innovation and R&D
- M : Business Administration and Business Economics; Marketing; Accounting
- M13 : New Firms; Startups
- business owners
- business
- entrepreneur
- owner
- entrepreneurship
- journal
- characteristic
- businessman
- study
- difference
- growth
- orientation
- leadership
- research
- market
- self-efficacy
- competencie
- personality
- ambiguity
- management
