The role of behavioural competences in predicting entrepreneurial funding resource orchestration

This study examines how a psychometric testing tool can be used to explain, predict and measure behavioural competences and how entrepreneurs fund the firm. Reference is made to studies of personality traits. More recent studies have called for research into behaviour and competences and specificall...

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Autores principales: Geoff Parkes, Mark Hart, John Rudd, Rebecca Liu
Formato: article
Lenguaje:EN
Publicado: Taylor & Francis Group 2018
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Acceso en línea:https://doaj.org/article/74412ebe75994687b33da7837f19fbc5
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spelling oai:doaj.org-article:74412ebe75994687b33da7837f19fbc52021-12-02T14:35:48ZThe role of behavioural competences in predicting entrepreneurial funding resource orchestration2331-197510.1080/23311975.2018.1512833https://doaj.org/article/74412ebe75994687b33da7837f19fbc52018-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2018.1512833https://doaj.org/toc/2331-1975This study examines how a psychometric testing tool can be used to explain, predict and measure behavioural competences and how entrepreneurs fund the firm. Reference is made to studies of personality traits. More recent studies have called for research into behaviour and competences and specifically in the finance context of orchestration of resources. The authors take a pragmatic realism perspective using a mixed method study to explore the “reality” of the entrepreneur. Cluster analysis is used to identify the relationship between behavioural competences and funding outcomes. Applying Big 5 Theory of Personality and the Great 8 Competences indicates how behaviour impacts outcomes as entrepreneurs seek to access finance. The identification of three distinct groups in this longitudinal study means belonging to one of these groups predicts likely behaviour when searching for finance. A strong behavioural characteristic which emerged, validated through interviews and psychometric testing, was an orientation towards engagement and working with other organisations. In a funding context, this manifested itself in using networks, seeking advice and sharing equity. These co-operative, collaborative characteristics are different to the classic image of the entrepreneur as a risk-taker or extrovert. The study identifies entrepreneurs who are both successful and unsuccessful in finance applications and compares behavioural competency profiles, thus overcoming the limitations of many studies that are biased towards successful enterprises.Geoff ParkesMark HartJohn RuddRebecca LiuTaylor & Francis Grouparticleaccess to financeanalytic inductionbehaviourclusterscompetenciesentrepreneurlongitudinalmixed methodologypersonalitypragmatic realismBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 5, Iss 1 (2018)
institution DOAJ
collection DOAJ
language EN
topic access to finance
analytic induction
behaviour
clusters
competencies
entrepreneur
longitudinal
mixed methodology
personality
pragmatic realism
Business
HF5001-6182
Management. Industrial management
HD28-70
spellingShingle access to finance
analytic induction
behaviour
clusters
competencies
entrepreneur
longitudinal
mixed methodology
personality
pragmatic realism
Business
HF5001-6182
Management. Industrial management
HD28-70
Geoff Parkes
Mark Hart
John Rudd
Rebecca Liu
The role of behavioural competences in predicting entrepreneurial funding resource orchestration
description This study examines how a psychometric testing tool can be used to explain, predict and measure behavioural competences and how entrepreneurs fund the firm. Reference is made to studies of personality traits. More recent studies have called for research into behaviour and competences and specifically in the finance context of orchestration of resources. The authors take a pragmatic realism perspective using a mixed method study to explore the “reality” of the entrepreneur. Cluster analysis is used to identify the relationship between behavioural competences and funding outcomes. Applying Big 5 Theory of Personality and the Great 8 Competences indicates how behaviour impacts outcomes as entrepreneurs seek to access finance. The identification of three distinct groups in this longitudinal study means belonging to one of these groups predicts likely behaviour when searching for finance. A strong behavioural characteristic which emerged, validated through interviews and psychometric testing, was an orientation towards engagement and working with other organisations. In a funding context, this manifested itself in using networks, seeking advice and sharing equity. These co-operative, collaborative characteristics are different to the classic image of the entrepreneur as a risk-taker or extrovert. The study identifies entrepreneurs who are both successful and unsuccessful in finance applications and compares behavioural competency profiles, thus overcoming the limitations of many studies that are biased towards successful enterprises.
format article
author Geoff Parkes
Mark Hart
John Rudd
Rebecca Liu
author_facet Geoff Parkes
Mark Hart
John Rudd
Rebecca Liu
author_sort Geoff Parkes
title The role of behavioural competences in predicting entrepreneurial funding resource orchestration
title_short The role of behavioural competences in predicting entrepreneurial funding resource orchestration
title_full The role of behavioural competences in predicting entrepreneurial funding resource orchestration
title_fullStr The role of behavioural competences in predicting entrepreneurial funding resource orchestration
title_full_unstemmed The role of behavioural competences in predicting entrepreneurial funding resource orchestration
title_sort role of behavioural competences in predicting entrepreneurial funding resource orchestration
publisher Taylor & Francis Group
publishDate 2018
url https://doaj.org/article/74412ebe75994687b33da7837f19fbc5
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