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Entrepreneurial openness: Concept development and measure validation

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  • Slavec, Alenka
  • Drnovšek, Mateja
  • Hisrich, Robert D.

Abstract

This study introduces entrepreneurial openness as a construct that helps understanding the impact of entrepreneur's personality on small firm's performance. We draw from the entrepreneurship and positive psychology literature to conceptualize entrepreneurial openness as an individual-level positive personal cognitive strength that has three subdimensions: engaging in learning, searching for novelty, and seeking feedback. We validated the construct's structure in three consecutive studies: Study 1 provided initial empirical evidence in support of the proposed scale with a pilot sample of Slovenian business owners; Study 2 assessed the reliability and validity of the scale with a cross-cultural study in Canada, Slovenia, and USA; and Study 3 tested the scale for its impact on business performance and job satisfaction. Findings from our empirical studies demonstrate the utility of entrepreneurial openness in explaining firm's performance by showing strong reliability, appropriate dimensionality, convergent, discriminant, and nomological validity.

Suggested Citation

  • Slavec, Alenka & Drnovšek, Mateja & Hisrich, Robert D., 2017. "Entrepreneurial openness: Concept development and measure validation," European Management Journal, Elsevier, vol. 35(2), pages 211-223.
    • Handle: RePEc:eee:eurman:v:35:y:2017:i:2:p:211-223
    DOI: 10.1016/j.emj.2016.09.003
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    2. Chreim, Samia & Spence, Martine & Crick, David & Liao, Xiaolu, 2018. "Review of female immigrant entrepreneurship research: Past findings, gaps and ways forward," European Management Journal, Elsevier, vol. 36(2), pages 210-222.
    3. zhang, Tao, 2022. "Entrepreneurial openness, creativity, and firm growth," OSF Preprints mr963, Center for Open Science.
    4. Yuan Wu & Ziwei Li, 2024. "Digital transformation, entrepreneurship, and disruptive innovation: evidence of corporate digitalization in China from 2010 to 2021," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    5. Mindsponge, AISDL, 2022. "Entrepreneurial openness, creativity, and firm growth," OSF Preprints wheqn, Center for Open Science.
    6. Araujo, Clécio Falcão & Karami, Masoud & Tang, Jintong & Roldan, Lucas Bonacina & dos Santos, Julia Aita, 2023. "Entrepreneurial alertness: A meta-analysis and empirical review," Journal of Business Venturing Insights, Elsevier, vol. 19(C).

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