Entrepreneurial Competencies and the Performance of Small and Medium Enterprises: An Investigation through a Framework of Competitiveness

Thomas W.Y. Man*, Theresa Lau, Ed Snape

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

122 Citations (Scopus)

Abstract

As an attempt to investigate the relationships between entrepreneurial characteristics and firm performance,we operationalized a theoretical framework of the competitiveness of small and medium-sized enterprises(SMEs) and empirically tested the four hypotheses derived from it. The framework links together entrepreneurial competencies and SME performance with two further constructs: competitive scope and organizational capabilities. The empirical study consisted of a stage of instrument development specific to the research context, as well as a stage of hypothesis testing. The results of hypothesis testing, involving a sample of 153 owner/managers of SMEs, provided evidence for the direct and indirect contributions of the entrepreneur's opportunity, relationship, innovative, human and strategic competencies in affecting the long-term performance of an SME via competitive scope and organizational capabilities. This initial success, with the validated survey instrument of entrepreneurial competencies, may serve as the ground for further research in this area.

Original languageEnglish
Pages (from-to)257-276
Number of pages20
JournalJournal of Small Business and Entrepreneurship
Volume21
Issue number3
DOIs
Publication statusPublished - 1 Jul 2008

Scopus Subject Areas

  • Business and International Management
  • Strategy and Management

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