The Entrepreneurial Orientation and Entrepreneurial Success among Emerging Entrepreneurs: An Empirical Study
Keywords:
Entrepreneurial orientation, Entrepreneurial success, Emerging entrepreneurs, Innovation, LeadershipAbstract
Entrepreneurial orientation has emerged as one of the key dimensions in determining entrepreneurial success as it helps in innovation, leadership, proactiveness and taking calculated risks by the entrepreneurs. The present study was based on a quantitative research design to explore the effect of entrepreneurial orientation on entrepreneurial success among emerging entrepreneurs. A secondary data of 500 observations from the Kaggle repository was analysed to assess the association between entrepreneurial orientation related characteristics and entrepreneurial success. Descriptive statistics, correlation analysis and regression analysis was used to analyse the role of entrepreneurial competencies (creative thinking, risk-taking tendency, leadership experience, innovation related activities and entrepreneurial engagement) as determinants of entrepreneurial success. The results showed that entrepreneurial orientation positively affected entrepreneurial success, with creative thinking, leadership experience, startup initiation, revenue generation, and risk-taking tendency contributing the most to the success of the entrepreneurs. The outcome indicates that entrepreneurs with high entrepreneurial competency are likely to have a higher entrepreneurial opportunity recognition, effective strategic decision and better entrepreneurial outcome. The study also contributes to the entrepreneurship literature by providing empirical evidence of the significance of entrepreneurial orientation among emerging entrepreneurs and emphasizing the importance of innovation and leadership in venture success. The results have significant implications for universities, entrepreneurship development centres, business incubators, and policymakers, highlighting the importance of enhancing entrepreneurial skills through education, mentorship, and hands-on experience. Future studies could use longitudinal data and larger samples of entrepreneurs to confirm and expand these results to other entrepreneurial settings.
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