INFLUENCE OF ENTREPRENEURIAL COMPETENCIES OF WOMEN ENTREPRENEURS ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN THUA THIEN HUE PROVINCE
Vol. 128 No. 5B (2019), Original Article
Vol. 128 No. 5B (2019)

INFLUENCE OF ENTREPRENEURIAL COMPETENCIES OF WOMEN ENTREPRENEURS ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN THUA THIEN HUE PROVINCE

Original Article
https://doi.org/10.26459/hueuni-jed.v128i5B.5010
Published 2019-01-16
Hoàng La Phương Hiền
Hue College of Economics
Trương Tấn Quân
Hue College of Economics
Dương Đắc Quang Hảo
Hue College of Economics
PDF

Keywords

Female entrepreneur
entrepreneurial competencies
SME performance

Abstract

Abstract: This study investigates the influence of entrepreneurial competencies of women entrepreneurs on the performance of small and medium enterprises (SME’s) in Thua Thien Hue province. Using data obtained from 200 female owners, we have found statistically significant support for nine proposed hypotheses. The results indicate that entrepreneurial competencies, namely Opportunity competency, Relationship competency, Strategic competency, Personal competency, Commitment competency, Learning competency, Organizing-leading competency, Conceptual competency, and Ethical competency, have a direct effect on firm performance. More specifically, Personal competency is the strongest predictor of firm performance with the highest regression weight of 0.209. This study is intended for use by business practitioners, educators, and policymakers in an attempt to develop the right mix competencies in generating more SMEs performance.

Keywords: women entrepreneur, entrepreneurial competencies, SME, performance

https://doi.org/10.26459/hueuni-jed.v128i5B.5010
PDF

References

  1. Ahmad, N., & Seymour, R. G. (2008). Defining entrepreneurial activity: Definitions supporting frameworks for data collection.
  2. Ahmad, N. H., Halim, H. A., and Zainal, S. R. M. (2010), Is Entrepreneurial Competency the Silver Bullet for SME Success in a Development Nation?, International Business Management, 4(2), 67–75.
  3. Barney, J. (1991), Firm Resources and Sustained Competitive Advantage, Journal of Management, 17(1), 99–120.
  4. Baum, J. R., Locke E. A., and K. G Smith (2001), A multidimensional model of venture growth, Academy of Management Journal, 44(2), 292–303.
  5. Bendary A. N. and Minyawi E. A. (2015), Entrepreneurial Competencies effect on Small and Medium Enterprises Performance through the mediation effect of Psychological Contracting of Outsourcing, International Journal of Business, and Economic Development, 3(2).
  6. Bird, B. (1995), Towards a Theory of Entrepreneurial Competency, In J. A Katz and R. H Brockhaus (Eds.) Advances in Entrepreneurship, Firm Emergence and Growth, Middlesex, England, JAI PRESS INC.
  7. Boyatzis, R. E. (1982), The Competent Manager: A Model for Effective Performance, Wiley, New York.
  8. Busenitz, Lowell W. and Jay B. Barney (1997), Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making, Journal of Business Venturing, 12(1), 9–30.
  9. Georgellis, Yannis, Paul Joyce, and Adrian Woods (2000), Entrepreneurial action, innovation and business performance: the small independent business, Journal of Small Business and Enterprise Development, 7(1), 7–17.
  10. General Statistics Office (GSO) (2016), Results of General Survey of Economic, Administrative and Professional Societies in 2015, Statistical Publishing House.
  11. Kaplan, R. S., and D. P. Norton. (1993), Putting the balanced scorecard to work, Harvard Business Review (September/October), 134–147.
  12. Man, T. W. Y. and Lau T. (2005), The Context of Entrepreneurship in Hongkong: an investigation through the patterns of entrepreneurial competencies in contrasting industrial environments, Journal of Small Business and Enterprise Development, 12(4), 67–92.
  13. Man, T. W. Y. (2001), Entrepreneurial competencies and the performance of small and medium enterprises in the Hong Kong services sector, Ph.D., Hong Kong Polytechnic University (Hong Kong), Management development, 13(7), 23–34.
  14. McGee, J. E. and Peterson M. (2000), Toward the development of measures of distinctive competencies among small independent retailers, Journal of small business management, 38(2), 19–33.
  15. Mitchelmore, S. and Rowley J. (2010), Entrepreneurial Competencies: A Literature Review and Development Agenda, International Journal of Entrepreneurial Behaviour and Research, 16(2), 92–111.
  16. Nunnally, J. C. (1978), Psychometric Theory. New York: McGraw-Hill. 2nd edition.
  17. Mitchelmore, S. and Rowley, J. (2013), Entrepreneurial competencies of women entrepreneurs pursuing business growth, Journal of Small Business and Enterprise Development, 20 (1), 125–142.
  18. Lohman, C., Fortuin, L., & Wouters, M. (2004), Designing a performance measurement system: A case study, European journal of operational research, 156, 267–286. DOI: 10.1016/S0377-2217(02)00918-9.
  19. Hernaus T., Dimovski V., Skerlavaj M. (2008), Relationship between organisational learning and organizational performance: The case of Croatia, Transformation in Business & Economics, 7(2), 32–48.
  20. Sunanda V. M. (2018), Male versus Female Entrepreneurs - An Empirical Study, IOSR Journal of Business and Management (IOSR-JBM) , 20(1), 1–4.
  21. Snell, R. and A Lau (1994), Exploring local competences salient for expanding small businesses, Journal of Management Development, 13(4), 4–15.
  22. Thompson, J. L. (1999), A strategic perspective of entrepreneurship, International Journal of Entrepreneurial Behaviour, 5(6), 279.
  23. Westhead, P. and M. Wright (1998a), Novice, portfolio and serial founders: Are they different?, Journal of Business Venturing, 13, 173– 204.
  24. Winterton, J. (2002), Entrepreneurship: Towards a competence framework for developing SME managers, United States Association for Small Business and Entrepreneurship Conference Proceedings.
  25. Thao, L. T. P. (2016), Leadership competency of directors in small and medium-sized enterprises in the Vietnam North Central region, Dissertation in Economics, University of Economics, Hue University (in Vietnamese).