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MOTIVATION, ENTREPRENEURSHIP AND THE PERFORMANCE OF SMEsIN VIETNAM

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  • FREDRIC WILLIAM SWIERCZEK

    (Asian Institute of Technology, Thailand)

  • THANH HA THAI

    (Research Management and International Relations, Hue University of Economics, Vietnam)

Abstract

This study presents an exploratory investigation of SME entrepreneurs in Vietnam to understand the relationship between their motivation for entrepreneurship, the Entrepreneurial Orientation and their firm's perceived performance. A survey of 306 Vietnamese entrepreneurs was conducted in face-to-face interviews. LISREL path analysis was used to test the hypotheses related to a conceptual model. The findings of this research show that SME owners in Vietnam are more motivated by challenge and achievement than the necessity for a career and economic security. The motivation of Vietnamese entrepreneurs is positively correlated to the Entrepreneurial Orientation. Vietnamese SME owners emphasize a short-term approach based on Net Profit rather than Business Growth. The findings indicate the development of an emerging entrepreneurial culture in Vietnam similar to that of other entrepreneurial countries.

Suggested Citation

  • Fredric William Swierczek & Thanh Ha Thai, 2003. "MOTIVATION, ENTREPRENEURSHIP AND THE PERFORMANCE OF SMEsIN VIETNAM," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 47-68.
    • Handle: RePEc:wsi:jecxxx:v:11:y:2003:i:01:n:s0218495803000044
    DOI: 10.1142/S0218495803000044
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    References listed on IDEAS

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    1. World Bank, 2000. "The World Bank Annual Report 2000," World Bank Publications - Books, The World Bank Group, number 13935.
    2. World Bank, 2000. "Vietnam : Export Performance in 1999 and Beyond," World Bank Publications - Reports 15272, The World Bank Group.
    3. World Bank, 2000. "The World Bank Annual Report 2000," World Bank Publications - Books, The World Bank Group, number 13936.
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    Cited by:

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    2. Luong Vinh Quoc Duy & Damien Cassells, 2022. "Agglomeration and innovation effort: A longitudinal study on small and medium manufacturing enterprises in Vietnam," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1252-1268, August.
    3. Kubilay Gok & Orhan Kara & Sangeetha Lakshman & Ozgur Demirtas & Hung M. Chu, 2021. "A Factor Analysis of the Entrepreneurial Success, Motivation andProblems Faced: The Case of Chinese Entrepreneurs," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 165-193, July.
    4. Cao Thi Mien Thuy & Nguyen Vinh Khuong & Nguyen Thi Canh & Nguyen Thanh Liem, 2022. "The mediating effect of stock price crash risk on the relationship between corporate social responsibility and cost of equity moderated by state ownership: Moderated‐mediation analysis," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1384-1395, September.
    5. Ismail J. Ismail, 2022. "Entrepreneurial Start-up Motivations and Growth of Small and Medium Enterprises in Tanzania: The Role of Entrepreneur’s Personality Traits," FIIB Business Review, , vol. 11(1), pages 79-93, March.
    6. Fred Phanuel Okangi, 2019. "The impacts of entrepreneurial orientation on the profitability growth of construction firms in Tanzania," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-23, December.
    7. Mai, Nhat Chi, 2021. "Determinants of successful adoption of the Balanced Scorecard in Vietnamese small and medium-sized enterprises," OSF Preprints 5hx2r, Center for Open Science.
    8. Kowo Solomon Akpoviroro & Akinbola Olufemi Amos (PhD) & Popoola Mufutau Akanmu (PhD), 2019. "Moderating Influence Of Training And Development On Entrepreneurial Performance: A Case Of Smedan Nigeria," Management Strategies Journal, Constantin Brancoveanu University, vol. 44(2), pages 45-55.

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