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1.

Characteristics of entrepreneurs in sustainably successful micro, small, and medium enterprises Pages 1359-1368 PDF Download PDF

Authors: Sunee Wattanakomol, Thanin Silpcharu

doi 10.5267/j.uscm.2023.3.012

🔑 Keywords: Entrepreneurial characteristics, Micro, small and medium enterprises, Sustainably, Leadership, Exploratory factor analysis

Abstract:
Micro, small, and medium-sized enterprises (MSMEs) are important in driving a country’s economy and cover the entire manufacturing sector. Therefore, entrepreneurs with specific characteristics are needed for MSMEs to be successful. This study analyzed the exploratory components of entrepreneur characteristics in sustainably successful MSMEs. Data from interviewing 500 entrepreneurs who successfully operated MSMEs were analyzed using descriptive, referential, and multivariate statistics. Analysis of the entrepreneur characteristics’ exploratory components revealed that their Kaiser-Meyer-Olkin index was 0.969, and eigenvalues after axis rotation were 6.545–8.899. Four components were extracted: leadership, personality, management skills, and morality/ethics. Entrepreneurs’ characteristics in sustainably successful MSMEs include the ability to prioritize tasks appropriately, punctuality, people management skills, consideration of non-violation of rights, and non-imitation of others.
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Journal: USCM | Year: 2023 | Volume: 11 | Issue: 3 | Views: 2073

 

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