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The Competencies of Managers and Their Business Success

Author

Listed:
  • Mariola Laguna
  • Michal Wiechetek
  • Wieslaw Talik

Abstract

The article aims to explain how general and specific managerial competencies relate to the business success of small and medium size enterprises (SMEs). This study was conducted among 264 managers of SMEs. SME success was measured as a subjective assessment of economic growth indicators in comparison with competitors on the market. General and specific managerial competencies were significant predictors of success in running a business. Specific managerial competencies proved to be a mediator between general competencies and SME success. This paper helps provide a better understanding of how individual differences - general and specific managerial competencies - influence entrepreneurial behavior and its outcomes.

Suggested Citation

  • Mariola Laguna & Michal Wiechetek & Wieslaw Talik, 2012. "The Competencies of Managers and Their Business Success," Central European Business Review, Prague University of Economics and Business, vol. 2012(3), pages 7-13.
    • Handle: RePEc:prg:jnlcbr:v:2012:y:2012:i:3:id:25:p:7-13
    DOI: 10.18267/j.cebr.25
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    References listed on IDEAS

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    1. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    2. Chandler, Gaylen N. & Hanks, Steven H., 1993. "Measuring the performance of emerging businesses: A validation study," Journal of Business Venturing, Elsevier, vol. 8(5), pages 391-408, September.
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    Citations

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    Cited by:

    1. Martin Lukeš & Jan Zouhar, 2016. "The Causes of Early-Stage Entrepreneurial Discontinuance," Prague Economic Papers, Prague University of Economics and Business, vol. 2016(1), pages 19-36.
    2. Zbyslaw Dobrowolski & Grzegorz Drozdowski & Agnieszka Gawlik, 2021. "Managerial Effectiveness in the Perspective of Competencies Towards Uniformity in Family Business," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 227-237.
    3. Petra Koudelková, 2014. "Innovation in Small and Medium Enterprises in the Czech Republic," Central European Business Review, Prague University of Economics and Business, vol. 2014(3), pages 31-37.
    4. Marcin Berlik & Malgorzata Slawinska & Jolanta Sloniec, 2021. "Occupational Risk Management on the Basis of Accident Scenarios in the Usage Chain," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 417-427.
    5. Tobias Kollmann & Christoph Stöckmann & Patrick Krell & Anika Peschl & Sarah Buchwald, 2013. "Integrating Dependency on the Leader and Empowerment into Transformational Leadership - Creative Performance Relationship," Central European Business Review, Prague University of Economics and Business, vol. 2013(1), pages 7-14.
    6. Ronen Harel & Dafna Schwartz & Dan Kaufmann, 2021. "The relationship between innovation promotion processes and small business success: the role of managers’ dominance," Review of Managerial Science, Springer, vol. 15(7), pages 1937-1960, October.

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    More about this item

    Keywords

    managerial success; managerial competencies; SMEs;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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