Dej, Gorgievski & Wegge, Development of a subjective entrepreneurial success measure
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Paper presented at the 27th International Congress of Applied Psychology, Melbourne, Australia July 11th-16th, 2010
![[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Goal of our study Do we need a new measure of success?](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Dej, Gorgievski & Wegge, Development of a subjective entrepreneurial success measure
- 1. Entrepreneurial Success is multidimensional: Development and Validation of Subjective Success Scale Dominika Dej 1 , Marjan Gorgievski 2 & Jürgen Wegge 1 1 Dresden University of Technology 2 Erasmus University Rotterdam Faculty of Mathematics and Natural Sciences Institute for Work, Social and Organizational Psychology 27 th International Congress of Applied Psychology, Melbourne, Australia July 11th-16th, 2010
- 5. STUDY 1: Results. Entrepreneurs‘ Success Definitions Category (N=243) Frequencies Relative Frequencies Ranking Satisfaction of employees & co-owners 61 25,10 3 Employees’ security 16 6,58 12 Customer satisfaction & loyalty 98 40,33 2 Goals and challenge 53 21,81 5 Personal satisfaction 46 18,93 6 Creativity and innovation 20 8,23 10 Free time and health 12 4,94 13 Reputation 34 13,99 7 Firm continuity 5 2,06 14 Any kind of company growth 101 41,56 1 Stability 60 24,69 4 Market position 22 9,05 8 Survival 17 7,00 11 Wealth & good life 22 9,05 8 Study 1: Results. Entrepreneur‘s success definition
- 6. Community Impact & Environment Contributing back to the society Social responsibility for employees Creating new working places Environmental friendly company Personal income enhancement To afford a good life Personal financial & family security Positive relations with clients Employees’ satisfaction and loyalty Positive & supportive working climate Work-life balance & time flexibility Making decisions, challenge Personal development Company profitability Growth (employee, revenue, profit) Innovation Being better compared with competitors Workplace Relations Personal Fulfillment Company Performance Success Personal Financial Rewards Study 2: Proposed Model of Entrepreneurial Success
- 10. Hypothesis 1: Development of scale measuring the Perception of Entrepreneurial Success Criteria Study 2: Results. Hypothesis 1,2. Construct Validity & Scale Reliability . 74 7 5. Personal fulfillment . 87 5 1. Company performance . 87 5 2. Workplace relations . 70 4 3. C ommunity impact . 71 3 4. Personal financial rewards Factors of the Importance of success criteria Items α Total Scale 24 . 88 Model Fit (N=184) CMIN/DF p CFI RMSEA Accepted model 1.69 p<.001 .90 .06
- 13. THANK YOU! Faculty of Mathematics and Natural Sciences Institute for Work, Social and Organizational Psychology [email_address] [email_address] [email_address]
Hinweis der Redaktion
- Added value of proposed Subjective Success Scale scale basis on previous empirical research and includes various success criteria both the importance and achievement of success criteria are taken into account (e.g. industry related factors, enormous and erratic growth rates, small starting base)
- Inclusion of more objective employees’ success measures