IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v69y2016i11p5147-5152.html
   My bibliography  Save this article

The contribution of business experience and knowledge to successful entrepreneurship

Author

Listed:
  • Staniewski, Marcin W.

Abstract

The objective of this article is to discover the relationships between selected organizational predictors and entrepreneurial success through examination of a sample of 294 companies. The study uses two questionnaires: Multidimensional Business Data Sheet, gathering information on the entrepreneur and the company, and Successful Entrepreneurship Scale, measuring entrepreneurial success. The examination involves statistical analysis with a parametric Student's t-test and a non-parametric U Mann–Whitney test. The author employs stepwise regression to verify the predictive value of variables. The findings show that entrepreneurs with managerial experience, an effective entrepreneur in the family, unique knowledge, and whose employees have unique knowledge obtain higher mean scores in the general indicator of entrepreneurial success. Furthermore, entrepreneurs whose employees have unique knowledge achieve greater entrepreneurial success. The results may help both people intending to start a business and organizations granting funds to companies as they might facilitate estimation of one's chances for success.

Suggested Citation

  • Staniewski, Marcin W., 2016. "The contribution of business experience and knowledge to successful entrepreneurship," Journal of Business Research, Elsevier, vol. 69(11), pages 5147-5152.
    • Handle: RePEc:eee:jbrese:v:69:y:2016:i:11:p:5147-5152
    DOI: 10.1016/j.jbusres.2016.04.095
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0148296316302582
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbusres.2016.04.095?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. P. A. Geroski & José Mata & Pedro Portugal, 2010. "Founding conditions and the survival of new firms," Strategic Management Journal, Wiley Blackwell, vol. 31(5), pages 510-529, May.
    2. Jeffrey G. Covin & Kimberly M. Green & Dennis P. Slevin, 2006. "Strategic Process Effects on the Entrepreneurial Orientation–Sales Growth Rate Relationship," Entrepreneurship Theory and Practice, , vol. 30(1), pages 57-81, January.
    3. Bosma, N. & van Praag, M. & de Wit, G., 2000. "Determinants of Successful Entrepreneurship," Papers 0002/e, NEUHUYS - RESEARCH INSTITUTE FOR SMALL AND MEDIUM.
    4. Marco Caliendo & Alexander S. Kritikos, 2008. "Is Entrepreneurial Success Predictable? An Ex‐Ante Analysis of the Character‐Based Approach," Kyklos, Wiley Blackwell, vol. 61(2), pages 189-214, May.
    5. Duchesneau, Donald A. & Gartner, William B., 1990. "A profile of new venture success and failure in an emerging industry," Journal of Business Venturing, Elsevier, vol. 5(5), pages 297-312, September.
    6. Miguel Manjón-Antolín & Josep-Maria Arauzo-Carod, 2008. "Firm survival: methods and evidence," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(1), pages 1-24, March.
    7. Paul H. Jensen & Elizabeth Webster & Hielke Buddelmeyer, 2008. "Innovation, Technological Conditions and New Firm Survival," The Economic Record, The Economic Society of Australia, vol. 84(267), pages 434-448, December.
    8. Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
    9. Alexander Kessler, 2007. "Success factors for new businesses in Austria and the Czech Republic," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 19(5), pages 381-403, September.
    10. Henrik Hansen & John Rand & Finn Tarp, 2009. "Enterprise Growth and Survival in Vietnam: Does Government Support Matter?," Journal of Development Studies, Taylor & Francis Journals, vol. 45(7), pages 1048-1069, August.
    11. Wiklund, Johan & Shepherd, Dean, 2005. "Entrepreneurial orientation and small business performance: a configurational approach," Journal of Business Venturing, Elsevier, vol. 20(1), pages 71-91, January.
    12. Pfeiffer, Friedhelm & Reize, Frank, 2000. "Business start-ups by the unemployed -- an econometric analysis based on firm data," Labour Economics, Elsevier, vol. 7(5), pages 629-663, September.
    13. Gurley–Calvez, Tami & Bruce, Donald, 2008. "Do Tax Cuts Promote Entrepreneurial Longevity?," National Tax Journal, National Tax Association;National Tax Journal, vol. 61(2), pages 225-250, June.
    14. Rajshree Agarwal & David B. Audretsch, 2001. "Does Entry Size Matter? The Impact of the Life Cycle and Technology on Firm Survival," Journal of Industrial Economics, Wiley Blackwell, vol. 49(1), pages 21-43, March.
    15. Mata, Jose & Portugal, Pedro, 1994. "Life Duration of New Firms," Journal of Industrial Economics, Wiley Blackwell, vol. 42(3), pages 227-245, September.
    16. Girma, Sourafel & Gorg, Holger & Strobl, Eric, 2007. "The effects of government grants on plant survival: A micro-econometric analysis," International Journal of Industrial Organization, Elsevier, vol. 25(4), pages 701-720, August.
    17. Terrence Sebora & Sang Lee & Nittana Sukasame, 2009. "Critical success factors for e-commerce entrepreneurship: an empirical study of Thailand," Small Business Economics, Springer, vol. 32(3), pages 303-316, March.
    18. Oliver Falck, 2007. "Survival chances of new businesses: do regional conditions matter?," Applied Economics, Taylor & Francis Journals, vol. 39(16), pages 2039-2048.
    19. Kariv Dafna, 2008. "Managerial performance and business success," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 2(4), pages 300-331, October.
    20. George Saridakis & Kevin Mole & David Storey, 2008. "New small firm survival in England," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(1), pages 25-39, March.
    21. Richard Disney & Jonathan Haskel & Ylva Heden, 2003. "Entry, Exit and Establishment Survival in UK Manufacturing," Journal of Industrial Economics, Wiley Blackwell, vol. 51(1), pages 91-112, March.
    22. Harold Fried & Loren Tauer, 2015. "An entrepreneur performance index," Journal of Productivity Analysis, Springer, vol. 44(1), pages 69-77, August.
    23. Richard E. Caves, 1998. "Industrial Organization and New Findings on the Turnover and Mobility of Firms," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1947-1982, December.
    24. Michael Fritsch, 2008. "How does new business formation affect regional development? Introduction to the special issue," Small Business Economics, Springer, vol. 30(1), pages 1-14, January.
    25. Reid, Gavin C & Smith, Julia A, 2000. "What Makes a New Business Start-Up Successful?," Small Business Economics, Springer, vol. 14(3), pages 165-182, May.
    26. Zhang, Zhen & Zyphur, Michael J. & Narayanan, Jayanth & Arvey, Richard D. & Chaturvedi, Sankalp & Avolio, Bruce J. & Lichtenstein, Paul & Larsson, Gerry, 2009. "The genetic basis of entrepreneurship: Effects of gender and personality," Organizational Behavior and Human Decision Processes, Elsevier, vol. 110(2), pages 93-107, November.
    27. Cooper, Arnold C. & Gimeno-Gascon, F. Javier & Woo, Carolyn Y., 1994. "Initial human and financial capital as predictors of new venture performance," Journal of Business Venturing, Elsevier, vol. 9(5), pages 371-395, September.
    28. Mc Cartan-Quinn, Danielle & Carson, David, 2003. "Issues Which Impact Upon Marketing in the Small Firm," Small Business Economics, Springer, vol. 21(2), pages 201-213, September.
    29. Marcus Box, 2008. "The death of firms: exploring the effects of environment and birth cohort on firm survival in Sweden," Small Business Economics, Springer, vol. 31(4), pages 379-393, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Demirbağ Orkun & Demirbağ Kübra Şimşek & Batı Gülgönül Bozoğlu, 2022. "Women Entrepreneurs’ Education Level, Political Skill, and Firm Performance: Political Influence and Human Capital Theories," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 30(1), pages 40-69, March.
    2. Burke, Andrew & Millán, José María & Román, Concepción & van Stel, André, 2018. "Exploring the impact of different types of prior entrepreneurial experience on employer firm performance," Journal of Business Research, Elsevier, vol. 90(C), pages 107-122.
    3. Tomohiro Sakai & Mototsugu Fukushige, 2021. "Formal and informal support and the performance of new start-ups: a quantile regression analysis," SN Business & Economics, Springer, vol. 1(9), pages 1-21, September.
    4. Sayed Saghaian & Hosein Mohammadi & Morteza Mohammadi, 2022. "Factors Affecting Success of Entrepreneurship in Agribusinesses: Evidence from the City of Mashhad, Iran," Sustainability, MDPI, vol. 14(13), pages 1-12, June.
    5. Rolandas Drejeris & Astrida Miceikiene & Jurgita Baranauskiene, 2021. "A New Approach to Entrepreneurship Measurement of Agricultural Business Entities: A Case of Lithuania," SAGE Open, , vol. 11(2), pages 21582440211, April.
    6. Feng Zhang & Haina Zhang & Geoffrey G. Bell, 2021. "Corporate religiosity and individual decision on conducting entrepreneurial activity: The contingent effects of institutional environments in China," Asia Pacific Journal of Management, Springer, vol. 38(3), pages 955-978, September.
    7. Dianne H. B. Welsh & Eugene Kaciak, 2019. "Family enrichment and women entrepreneurial success: the mediating effect of family interference," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1045-1075, December.
    8. Alexandra PLIAKOURA, 2022. "Accepting the challenges of agricultural entrepreneurship and management development research: a viewpoint," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13(4), pages 418-436, January.
    9. Zbigniew Brodziński & Piotr Bórawski & James W Dunn, 2017. "Development of Non-Governmental Organizations in Poland," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 11(4), December.
    10. Panagiotis Tsolakidis & Naoum Mylonas & Eugenia Petridou, 2020. "The Impact of Imitation Strategies, Managerial and Entrepreneurial Skills on Startups’ Entrepreneurial Innovation," Economies, MDPI, vol. 8(4), pages 1-17, October.
    11. Alexandra Pliakoura & Grigorios N. Beligiannis & Achilleas Kontogeorgos & Fotios Chatzitheodoridis, 2021. "Farmers’ Perception of Entrepreneurial Success: Evidence from the Greek Reality," Agriculture, MDPI, vol. 11(12), pages 1-17, November.
    12. Huang, Wei & Goodell, John W. & Xia, Qing & Yuan, Shuai, 2024. "Trade credit provision and innovation: A strategic trade-off," International Review of Financial Analysis, Elsevier, vol. 94(C).
    13. Welsh, Dianne H.B. & Kaciak, Eugene & Fadairo, Muriel & Doshi, Vijayta & Lanchimba, Cintya, 2023. "How to erase gender differences in entrepreneurial success? Look at the ecosystem," Journal of Business Research, Elsevier, vol. 154(C).
    14. Juliana Moletta & Gustavo Dambiski Gomes Carvalho & Revenli Fernanda Nascimento & Bertiene Maria Lack Barboza & Luis Mauricio Resende & Joseane Pontes, 2023. "Business networks of women entrepreneurs: an analysis of the expectation and reality of factors that affect trust in a business network," Journal of Intelligent Manufacturing, Springer, vol. 34(3), pages 1021-1036, March.
    15. McDowell, William C. & Peake, Whitney O. & Coder, LeAnne & Harris, Michael L., 2018. "Building small firm performance through intellectual capital development: Exploring innovation as the “black box”," Journal of Business Research, Elsevier, vol. 88(C), pages 321-327.
    16. Viktorija Petrov & Đorđe Ćelić & Zorica Uzelac & Zoran Drašković, 2020. "Three pillars of knowledge management in SMEs: evidence from Serbia," International Entrepreneurship and Management Journal, Springer, vol. 16(2), pages 417-438, June.
    17. Happiness Ozioma Obi-Anike & Chikodili Nkiruka Okafor & Cross Ogohi Daniel & Ifeoma Joanes Onodugo & Wilfred I. Ukpere & Ben Etim Udoh, 2022. "Sustained Social Entrepreneurship: The Moderating Roles of Prior Experience and Networking Ability," Sustainability, MDPI, vol. 14(21), pages 1-24, October.
    18. Yunlong Zhang & Asif Mehmood Rana & Hasnain Bashir & Ifraz Adeel & Shahid Khokhar & Jingyuan Ding, 2023. "Can University Students’ Psychological Resources Stimulate the Relationship between Entrepreneurial Optimism and Green Entrepreneurial Intentions? Moderating Role of Sustainability Orientation," Sustainability, MDPI, vol. 15(8), pages 1-14, April.
    19. Lucas Lopes Ferreira de Souza & Francesca Bassi & Ana Augusta Ferreira de Freitas, 2021. "Longitudinal analysis of microfinance borrowers in Brazil: A dynamic market segmentation," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(6), pages 1063-1083, August.
    20. Vaida Zemlickienė & Indrė Lapinskaitė & Zenonas Turskis, 2022. "Internal Communication in R&D: Decision-Making Methods Based on Expert Approaches," Sustainability, MDPI, vol. 14(19), pages 1-13, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christos Genakos & Ioannis Kaplanis & Maria Theano Tagaraki & Aggelos Tsakanikas, 2023. "Firm Resilience and Growth during the Economics Crisis: lessons from the Greek depression," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 186, Hellenic Observatory, LSE.
    2. Alexandra Tsvetkova & Jean-Claude Thill & Deborah Strumsky, 2014. "Metropolitan innovation, firm size, and business survival in a high-tech industry," Small Business Economics, Springer, vol. 43(3), pages 661-676, October.
    3. Ugur, Mehmet & Trushin, Eshref & Solomon, Edna, 2016. "Inverted-U relationship between R&D intensity and survival: Evidence on scale and complementarity effects in UK data," Research Policy, Elsevier, vol. 45(7), pages 1474-1492.
    4. Christos, Genakos & Kaplanis, Ioannis & Tagaraki, Maria Theano & Tsakanikas, Aggelos, 2023. "Firm resilience and growth during the economics crisis: lessons from the Greek depression," LSE Research Online Documents on Economics 119705, London School of Economics and Political Science, LSE Library.
    5. Carlos Carreira & Paulino Teixeira, 2011. "The shadow of death: analysing the pre-exit productivity of Portuguese manufacturing firms," Small Business Economics, Springer, vol. 36(3), pages 337-351, April.
    6. Bontemps, Christophe & Bouamra-Mechemache, Zohra & Simioni, Michel, 2012. "Quality Labels and Firm Survival in the French Cheese Industry," TSE Working Papers 12-335, Toulouse School of Economics (TSE).
    7. Daniel Fackler & Claus Schnabel & Joachim Wagner, 2013. "Establishment exits in Germany: the role of size and age," Small Business Economics, Springer, vol. 41(3), pages 683-700, October.
    8. Ugur, Mehmet & Trushin, Eshref & Solomon, Edna, 2015. "Inverted-U relationship between innovation and survival: Evidence from firm-level UK data," MPRA Paper 68010, University Library of Munich, Germany, revised 10 Nov 2015.
    9. Michael Fritsch & Udo Brixy & Oliver Falck, 2006. "The Effect of Industry, Region, and Time on New Business Survival – A Multi-Dimensional Analysis," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 28(3), pages 285-306, May.
    10. Marco Vivarelli, 2013. "Is entrepreneurship necessarily good? Microeconomic evidence from developed and developing countries," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(6), pages 1453-1495, December.
    11. Michael Fritsch & Florian Noseleit & Yvonne Schindele, 2014. "Surviving Against the Tide: Are New Businesses in Innovative Industries Less Affected by General Economic Trends?," Jena Economics Research Papers 2014-017, Friedrich-Schiller-University Jena.
    12. Tobias Ebert & Thomas Brenner & Udo Brixy, 2019. "New firm survival: the interdependence between regional externalities and innovativeness," Small Business Economics, Springer, vol. 53(1), pages 287-309, June.
    13. Ana M. Fernandes & Caroline Paunov, 2015. "The Risks of Innovation: Are Innovating Firms Less Likely to Die?," The Review of Economics and Statistics, MIT Press, vol. 97(3), pages 638-653, July.
    14. Ari Kokko & Tran Toan Thang, 2014. "Foreign Direct Investment and the Survival of Domestic Private Firms in Viet Nam," Asian Development Review, MIT Press, vol. 31(1), pages 53-91, March.
    15. Marco Mariani & Elena Pirani & Elena Radicchi, 2013. "La sopravvivenza delle imprese negli anni della crisi: prime evidenze empiriche dalla Toscana," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2013(1), pages 25-52.
    16. Emmanuelle Fortune-Devlaminckx & Josef Haunschmied, 2010. "Diversity of firm’s life cycle adapted from the firm’s technology investment decision," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 18(4), pages 477-489, December.
    17. Gabriel Burdín, 2014. "Are Worker-Managed Firms More Likely to Fail Than Conventional Enterprises? Evidence from Uruguay," ILR Review, Cornell University, ILR School, vol. 67(1), pages 202-238, January.
    18. Krüger, Jens J. & von Rhein, Kristina, 2015. "Macroeconomic development and the life cycle of the German automobile industry, 1886-1939," Darmstadt Discussion Papers in Economics 224, Darmstadt University of Technology, Department of Law and Economics.
    19. Tristan Boyer & Régis Blazy, 2014. "Born to be alive? The survival of innovative and non-innovative French micro-start-ups," Small Business Economics, Springer, vol. 42(4), pages 669-683, April.
    20. Elena Cefis & Franco Malerba & Orietta Marsili & Luigi Orsenigo, 2021. "Time to exit: “revolving door effect” or “Schumpeterian gale of creative destruction”?," Journal of Evolutionary Economics, Springer, vol. 31(5), pages 1465-1494, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:69:y:2016:i:11:p:5147-5152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.