Journal article

Authors list: van Gelder, Jean-Louis; de Vries, Reinout E.; Frese, Michael; Goutbeek, Jan-Peter

Publication year: 2007

Pages: 388-400

Journal: Journal of Small Business Management

Volume number: 45

Issue number: 3

ISSN: 0047-2778

Open access status: Green

DOI Link: https://doi.org/10.1111/j.1540-627X.2007.00219.x

Publisher: Taylor and Francis Group

Abstract: 
This study investigates the differences between failed and operational businesses from a psychological perspective. The sample included 71 operational and 20 failed business owners from Suva, the capital of Fiji. It was hypothesized that operational business owners more often employ a detailed and long-term planning strategy, whereas failed business owners more often pursue a reactive strategy, that operational business owners set more specific and more difficult goals, and that they have a higher degree of human capital than failed entrepreneurs. The data were analyzed using discriminant analysis. Results confirmed the hypotheses regarding planning and goal specificity.

Harvard Citation style: van Gelder, J., de Vries, R., Frese, M. and Goutbeek, J. (2007) Differences in psychological strategies of failed and operational business owners in the Fiji Islands, Journal of Small Business Management, 45(3), pp. 388-400. https://doi.org/10.1111/j.1540-627X.2007.00219.x

APA Citation style: van Gelder, J., de Vries, R., Frese, M., & Goutbeek, J. (2007). Differences in psychological strategies of failed and operational business owners in the Fiji Islands. Journal of Small Business Management. 45(3), 388-400. https://doi.org/10.1111/j.1540-627X.2007.00219.x