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
Tenacity (mineralogy)PsychologyPassionStructural equation modelingResource (disambiguation)Self-efficacyEntrepreneurshipSocial psychologyMarketingManagementBusinessEconomics
MeSH Terms
AchievementAdministrative PersonnelArchitectureCommunicationDecision MakingOrganizationalEfficiencyOrganizationalEntrepreneurshipGoalsHumansIndustryLeadershipModelsStatisticalMotivationPersonalitySelf EfficacyStatistics as Topic
Affiliated Institutions
Related Publications
INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION
Numerous markets are characterized by informational differences between buyers and sellers. In financial markets, informational asymmetries are particularly pronounced. Borrower...
Publication Info
- Year
- 2004
- Type
- article
- Volume
- 89
- Issue
- 4
- Pages
- 587-598
- Citations
- 2095
- Access
- Closed
External Links
Social Impact
Altmetric
PlumX Metrics
Social media, news, blog, policy document mentions
Citation Metrics
2095
OpenAlex
153
Influential
1381
CrossRef
Cite This
J. Robert Baum,
Edwin A. Locke
(2004).
The Relationship of Entrepreneurial Traits, Skill, and Motivation to Subsequent Venture Growth..
Journal of Applied Psychology
, 89
(4)
, 587-598.
https://doi.org/10.1037/0021-9010.89.4.587
Identifiers
- DOI
- 10.1037/0021-9010.89.4.587
- PMID
- 15327346