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Businessman or Host? Individual Differences between Entrepreneurs and Small Business Owners in the Hospitality Industry

Author

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  • Wagener, S.L.
  • Gorgievski, M.J.
  • Rijsdijk, S.A.

Abstract

Prior research has identified individual characteristics that distinguish business owners from non-business owners. We tested our contention that not every successful business owner can be characterized by such typical “entrepreneurial” characteristics. Multiple Analysis of Variance (MANOVA) on a unique dataset of 194 business owners in the hospitality industry revealed that several individual characteristics discriminated between entrepreneurs and small business owners. Entrepreneurs possessed higher levels of independence, tolerance of ambiguity, risk-taking propensity, innovativeness, and leadership qualities, but not of market orientation and self-efficacy. We conclude that “entrepreneurial” characteristics identified in the literature may be useful predicting a specific type of business ownership. However, other criteria need to be developed in order to describe other groups of business owners operating in the service industry.

Suggested Citation

  • Wagener, S.L. & Gorgievski, M.J. & Rijsdijk, S.A., 2008. "Businessman or Host? Individual Differences between Entrepreneurs and Small Business Owners in the Hospitality Industry," ERIM Report Series Research in Management ERS-2008-073-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:13832
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    Cited by:

    1. Josefine Hansson & Bodil J Landstad & Stig Vinberg & Marianne Hedlund & Åsa Tjulin, 2022. "Small business managers and Covid-19—The role of a sense of coherence and general resistance resources in coping with stressors," PLOS ONE, Public Library of Science, vol. 17(3), pages 1-16, March.

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    More about this item

    Keywords

    business success; dienstensector; entrepreneurship; job performance; personality characteristics; small business owners;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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