Personality Characteristics and Entrepreneurial Success

Saifullahi Adam Bayero & Adams Adeiza
Chapter 3
ISBN:

978-621-96514-0-0

Researches have proven the contribution of entrepreneurship in poverty eradication, job opportunities, and economic growth (Ali & Yousuf, 2019; Anjum, et al., 2020; Ceresia & Mendola, 2019; Koloba, et al., 2016; Melhem & Al-Shaikh, 2018). These have been possible through idea generation, opportunities assessment and resource mobilization (Almeida & Amaral, 2019). Despite this, a score of entrepreneurs are unsuccessful in their endeavors (Sipek & Yusuf, 2018). According to Sangosanya, Saraih and Bakar (2019), entrepreneurial success is very low in the majority of Asian countries. There is always a question of why is few entrepreneurs are successful and many are not? (Chell, 2008). There are several factors responsible for entrepreneurial success (Oyeku, et al., 2020). The two factors according to Baran (2018) include personality characteristics of the entrepreneurs (abilities, intelligence, skills) and favorable environment (government, economy, and competition). Even though favorable conditions can increase the possibility of success, it’s important to note that this is not guaranteed (Fitzsimons & O’Gorman, 2017).

 

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Cite this chapter:

Bayero, S.A. & Adeiza, A. (2021). Personality characteristics and entrepreneurial success. In: R.M. Velasco & K.J.G. Cayamanda (pp. 156-173). The World in Different Perspectives: Rebuilding Lessons after a Crisis. Institute of Industry and Academic Research Incorporated. https://doi.org/10.53378/10.21.001

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