Impacts of Entrepreneurial Openness and Creativity on Company Growth

Psychological and sociological determinants of entrepreneurial intentions and behaviors

Research concerned with the personality of entrepreneurs entails an important part of the research into the management of small and medium-sized enterprises and entrepreneurship. This research has added new knowledge about the role of entrepreneurs' personality characteristics, their family entrepreneurial background, and the local supportive entrepreneurial background in entrepreneurial start-up intentions and behaviors. Hypotheses and a model were developed and verified using structural equation modeling and regression analysis considering data from a sample of entrepreneurs and students. This research revealed that several personality and sociological factors can be important for entrepreneurship when it comes to starting a business. The most important were the Big Five personality factors openness, extraversion, and non-agreeableness and, to a smaller extent, emotional stability (non-neuroticism), and conscientiousness. The second-most important group of factors were the specific motivational characteristics entrepreneurial self-efficacy, internal locus of control, and risk-taking propensity. Sociological factors were much less important than psychological elements for establishing business.

The effect of trust, IT knowledge, and entrepreneur's innovativeness to embrace or shun the internet of things

This study examines critical factors influencing Omani entrepreneurs' adoption of the internet of things (IoT) by expanding the constructs at the unified theory of acceptance and use of technology (UTAUT2) with entrepreneurs' innovativeness, IT knowledge (ITK), and trust. A cross-sectional survey questionnaire was used to collect data from 158 entrepreneurs in Oman. Data were analyzed through the structural equation modeling technique using SmartPLS. The results indicated that performance expectancy, habit, social influence, trust (TR), ITK, and entrepreneurs' innovativeness (PI) significantly affect Omani entrepreneurs' intention to adopt IoT. Nonetheless, the results show that there is no significant relationship between hedonic motivation, effort expectancy, price value, and facilitating conditions to adopt IoT. This study contributes to previous literature by incorporating entrepreneurs' innovativeness, ITK, and trust into UTAUT2. Furthermore, this study was conducted in a Middle Eastern country with solid support from the government for entrepreneurs; also, there is a gap in such studies in this area. This study helps practitioners in the field better understand how to influence entrepreneurs, push them toward using IoT applications further, and encourage non-users to start using them.

Entrepreneurial Curiosity, Innovativeness of the Entrepreneur, and Company Growth

Researchers have studied entrepreneurial curiosity and innovativeness as determinants of entrepreneurial behavior but have not linked them with company growth in a model. The intention of this enquiry was to examine the associations between the entrepreneur’s psychological constructs of entrepreneurial curiosity and innovativeness and business growth, as examined by the conceptualization and analysis of hypotheses. For this research, data were obtained via a survey questionnaire. The sample consisted of 851 entrepreneurs of companies in three European countries. Each company had 250 workers or fewer. This study contributes to the entrepreneurship knowledge base by presenting empirical testimony on the associations between entrepreneurial curiosity, entrepreneurial innovativeness, and firm growth, as well as presenting advanced cross-nationally analogous measurement instruments of entrepreneurial curiosity and innovativeness. The entrepreneur’s curiosity is important for their innovativeness, and this innovativeness is essential for business growth.