Differences in psychological strategies of failed and operational business owners in the Fiji Islands
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Differences in psychological strategies of failed and operational business owners in the Fiji Islands. / Van Gelder, Jean Louis; De Vries, Reinout E.; Frese, Michael et al.
In: Journal of Small Business Management, Vol. 45, No. 3, 07.2007, p. 388-400.Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Differences in psychological strategies of failed and operational business owners in the Fiji Islands
AU - Van Gelder, Jean Louis
AU - De Vries, Reinout E.
AU - Frese, Michael
AU - Goutbeek, Jan Peter
PY - 2007/7
Y1 - 2007/7
N2 - This study investigates the differences between failed and operational businesses from a psychological perspective. The sample included 71 operational and 20 failed business owners from Suva, the capital of Fiji. It was hypothesized that operational business owners more often employ a detailed and long-term planning strategy, whereas failed business owners more often pursue a reactive strategy, that operational business owners set more specific and more difficult goals, and that they have a higher degree of human capital than failed entrepreneurs. The data were analyzed using discriminant analysis. Results confirmed the hypotheses regarding planning and goal specificity.
AB - This study investigates the differences between failed and operational businesses from a psychological perspective. The sample included 71 operational and 20 failed business owners from Suva, the capital of Fiji. It was hypothesized that operational business owners more often employ a detailed and long-term planning strategy, whereas failed business owners more often pursue a reactive strategy, that operational business owners set more specific and more difficult goals, and that they have a higher degree of human capital than failed entrepreneurs. The data were analyzed using discriminant analysis. Results confirmed the hypotheses regarding planning and goal specificity.
KW - Management studies
UR - http://www.scopus.com/inward/record.url?scp=34249720084&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/01e3ccb4-19d0-3d14-846e-dd7914975364/
U2 - 10.1111/j.1540-627X.2007.00219.x
DO - 10.1111/j.1540-627X.2007.00219.x
M3 - Journal articles
AN - SCOPUS:34249720084
VL - 45
SP - 388
EP - 400
JO - Journal of Small Business Management
JF - Journal of Small Business Management
SN - 0047-2778
IS - 3
ER -