Entrepreneurial potential profile measurement and it’s impact on small business performance

The entrepreneurship issue has been widely broadcasted among both academic and business environment by means of publications, practical cases and examples from entrepreneurs who are well succeeded in their business career. Several articles, seminars and conferences have addressed the issue and also have inspired researchers and scholars to identify which characteristics compose the entrepreneur’s profile. Small companies are considered to be one of the main agents of development and economic growth of a country as they contribute in two different ways: they create more job opportunities and technological innovations. In Brazil, for example, small companies represent 98% of the total running companies and 59% of the total workforce. Hence, small companies have a central importance for the social system in a capitalist society. Considering this scenario, the present research aims to build an instrument to identify which are the main factors that compose the entrepreneur’s profile. In order to achieve that objective, 965 questionnaires were collected. According to the results of the research, the EPP- Entrepreneur Potential Profile is composed by eight factors: strategic competence, risk, innovation, formal planning, relationship, analytical thinking, dedication and challenge. Through Structural Equation Modeling, it was verified that EPP (Entrepreneur Potential Profile) could explain 25% of performance of a small business. This study contributes with the development of a scale to measure Entrepreneur Potential Profile, with the proposal of a Entrepreneur Potential Profile Index - EPPI (using structural weights), associated with a typology of EPPI levels (low to high Entrepreneur Potential), that can help entrepreneurs to understand their profile and compare it with the population. Also, this work suggests that Entrepreneurship Profile Potential is an antecedent of business performance, and should be considered in new studies that aim to improve performance of small business firms. Key words: Search Terms. Entrepreneurship. Small business. Performance

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Interfirm Collaboration Cluster as Source of Competitiveness to Enhance Performance

THE INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION ◽

10.18775/ijmsba.1849-5664-5419.2014.56.1004 ◽

2019 ◽

Vol 5 (6) ◽

pp. 29-37

Author(s):

Mochamad Taufiq ◽

Elia Ardyan ◽

Naili Farida

Keyword(s):

Small Business ◽

Product Innovation ◽

Structural Equation ◽

Business Performance ◽

Equation Modeling ◽

Central Java ◽

Interfirm Collaboration ◽

Small Business Performance ◽

Customer Centricity

Cluster is one of the competitive advantages for small business in Indonesia. This study examines the role of interfirm collaboration clusters and product competitiveness on small business performance. The sample used in this study were 317 owners or managers of furniture business in Central Java, Indonesia. The analysis used is structural equation modeling (SEM). The results of this study indicate the important role of interfirm collaboration clusters on product innovation and Small business performance. Other research results indicate that customer centricity has an effect on product innovation. This research also contributes both theoretically and managerially.

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Investigating Relationships Between Supply Chain Capabilities, Competitive Advantage, and Business Performance

Operations and Service Management ◽

10.4018/978-1-5225-3909-4.ch023 ◽

2018 ◽

pp. 477-503

Author(s):

Navee Chiadamrong ◽

Tran Thi Tham

Keyword(s):

Supply Chain ◽

Structural Equation ◽

Business Performance ◽

Food Industry ◽

Critical Factor ◽

Business Environment ◽

Equation Modeling ◽

Competitive Advantages ◽

Manufacturing Companies ◽

Food Industries

Growing in the competitive environment, organizations need to find ways to improve their performance even better by ensuring that all key drivers are being developed and utilized effectively. Thai and Vietnamese food industries are rapidly growing sectors. This study investigates the relationships between supply chain capabilities and competitive advantages towards business performance, and compares the above mentioned relationships between Thai and Vietnamese food industries. The data were gathered from conducted surveys with the food manufacturing companies in both countries, and tested by Structural Equation Modeling. The empirical results show that supply chain capabilities play an important role in business improvement in both countries. While, supply chain integration is considered as a critical factor for the Vietnamese food industry, human resource management is much regarded as important for the Thai food industry. These findings help companies in each country decide the best strategy for differentiating themselves in their business environment.

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Investigating Relationships Between Supply Chain Capabilities, Competitive Advantage, and Business Performance

International Journal of Information Systems and Supply Chain Management ◽

10.4018/ijisscm.2016100104 ◽

2016 ◽

Vol 9 (4) ◽

pp. 58-81 ◽

Cited By ~ 5

Author(s):

Navee Chiadamrong ◽

Tran Thi Tham

Keyword(s):

Supply Chain ◽

Structural Equation ◽

Business Performance ◽

Food Industry ◽

Critical Factor ◽

Business Environment ◽

Equation Modeling ◽

Competitive Advantages ◽

Manufacturing Companies ◽

Food Industries

Growing in the competitive environment, organizations need to find ways to improve their performance even better by ensuring that all key drivers are being developed and utilized effectively. Thai and Vietnamese food industries are rapidly growing sectors. This study investigates the relationships between supply chain capabilities and competitive advantages towards business performance, and compares the above mentioned relationships between Thai and Vietnamese food industries. The data were gathered from conducted surveys with the food manufacturing companies in both countries, and tested by Structural Equation Modeling. The empirical results show that supply chain capabilities play an important role in business improvement in both countries. While, supply chain integration is considered as a critical factor for the Vietnamese food industry, human resource management is much regarded as important for the Thai food industry. These findings help companies in each country decide the best strategy for differentiating themselves in their business environment.

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Entrepreneurial and Market Orientation as Determinants of Postharvest Factors for Muntok Pepper by Farmers

Society ◽

10.33019/society.v9i1.256 ◽

2021 ◽

Vol 9 (1) ◽

pp. 160-173

Author(s):

Evahelda Evahelda ◽

Iwan Setiawan ◽

Rati Purwasih ◽

Rufti Puji Astuti

Keyword(s):

Market Orientation ◽

Entrepreneurial Orientation ◽

Structural Equation ◽

Business Performance ◽

Business Environment ◽

Milling Process ◽

Equation Modeling ◽

Survey Method ◽

New Production ◽

Postharvest Handling

The problem of Muntok Pepper business performance continues to decline due to the inability of farmers to face price uncertainty, recognize and understand market conditions. The fact is that the number of business actors continues to grow. Competing to face changes in the business environment is necessary, so entrepreneurial farmers are needed. This study aims to look at the postharvest process carried out by Muntok Pepper farmers and analyze whether entrepreneurial orientation and market orientation are determinant factors that affect the postharvest handling process. The research method used a survey method involving 60 farmers. Using Structural Equation Modeling (SEM), data analysis was carried out using smart Partial Least Squares (PLS). The results showed that the postharvest handling process was significantly influenced by entrepreneurial orientation and market orientation, but entrepreneurial orientation influence was greater than market orientation. Farmers carry out postharvest handling of Muntok Pepper in two stages. 50% of farmers carry out threshing, soaking, and drying processes. 50% of farmers do not do the sorting, grading, and milling process. Farmers’ decisions in postharvest handling are more influenced by the influence of the entrepreneurial orientation of farmers. Farmers who are motivated to excel, dare to take risks, and are willing to innovate by using new production methods tend to carry out a good postharvest handling process, not only threshing, soaking, and drying but also sort and process pepper derivative products.

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The Influence of Business Environment and Capabilities on Transient Competitive Advantage and Their implications for Business Performance of Micro, Small and Medium Enterprises in Indonesia

International Journal of Engineering & Technology ◽

10.14419/ijet.v7i4.34.25308 ◽

2018 ◽

Vol 7 (4.34) ◽

pp. 340

Author(s):

Nurul Hermina ◽

Adjeng Mariana ◽

Keni Kaniawati

Keyword(s):

Competitive Advantage ◽

Structural Equation ◽

Business Performance ◽

Small And Medium Enterprises ◽

Total Sample ◽

Business Environment ◽

Equation Modeling ◽

Goods And Services ◽

Analysis Technique ◽

Medium Enterprises

Micro, small and medium enterprises (MSME – Indonesian: UMKM – Usaha Micro, Kecil dan Menengah) are the key to increase growth, create employment, act as the source of people’s income, to fulfil the need of goods and services, to increase the added values which eventually influence the economic growth. This research is aimed to explain how business environment and capability influence the competitive advantage which plays an important role that determines the business performance of MSME. The total sample able to be collected with web-based design is 56 MSME/UMKM from all over Indonesia. The analysis technique used is structural equation modeling (SEM). The study proves that business environment does not significantly influence the business performance of MSME/UMKM. However, this variable contributes significant indirect influence with a greater level than its direct influence. The finding indicates that improvement in business environment will be able to boost the business performance if it is combined with the improvement in competitive advantage of the MSME/UMKM.

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The Role of Cultural Differences in Customer Retention: Evidence from the High-Contact Service Industry

Journal of Hospitality & Tourism Research ◽

10.1177/10963480211014944 ◽

2021 ◽

pp. 109634802110149

Author(s):

Kim-Shyan Fam ◽

Boon Liat Cheng ◽

Tat-Huei Cham ◽

Mandy Tan Chia Yi ◽

Hiram Ting

Keyword(s):

Cultural Difference ◽

Structural Equation ◽

Service Industry ◽

Customer Orientation ◽

Customer Retention ◽

Business Environment ◽

Corporate Image ◽

Customer Relationships ◽

Customer Engagement ◽

Equation Modeling

Current tourism landscape and dynamism of the business environment have increased market competitiveness in the high-contact service industry. Hotel operators must now pay greater heed to customer retention by exploring ways to improve customer engagement and experience. Toward this end, this study aimed to examine the interplays between relationship marketing, perceived service quality, corporate image, customer satisfaction, and customer loyalty, as well as the moderating effect of cultural difference between Asian and Western tourists. Using a questionnaire, data were collected from 400 international tourists and analyzed with the structural equation modeling technique. While the direct relationships pertaining the variables of interest were found to be significant, Asian tourists appeared to hold stricter standards in employee–customer interactions and satisfaction-based loyalty than Western tourists. Discussion and implications are provided to promote the development of fruitful hotel–customer relationships in this industry with a heightened customer orientation.

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