The Relationship of Entrepreneurial Traits, Skill, and Motivation to Subsequent Venture Growth.
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- 1 January 2004
- journal article
- research article
- Published by American Psychological Association (APA) in Journal of Applied Psychology
- Vol. 89 (4), 587-598
- https://doi.org/10.1037/0021-9010.89.4.587
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.Keywords
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