Abstract
Action Characteristics as a Bridge in Individual Entrepreneurial Orientation and SME Success Pathway
Highlights
There has been a growing interest in the investigation of the factors that lead SMEs to the verge of failure (Shepherd, Haynie, & Patzelt, 2013) in developing nations like Pakistan where SMEs constitute 90% of business and are a paramount contributor in economic success (Maula-Bakhsh & Raziq, 2018; Small and medium enterprise authority (SMEDA), 2019)
The results indicated that individual entrepreneurial orientation had a positive impact on SMEs success and all the action characteristics mediate this relationship
The data were gathered in three waves; at T1 the individual entrepreneurial orientation was measured, at T2 the data on mediators were obtained and lastly at T3 the business success was measured with the time lag of 4 weeks between the waves
Summary
There has been a growing interest in the investigation of the factors that lead SMEs to the verge of failure (Shepherd, Haynie, & Patzelt, 2013) in developing nations like Pakistan where SMEs constitute 90% of business and are a paramount contributor in economic success (Maula-Bakhsh & Raziq, 2018; SMEDA, 2019). Despite their importance, small businesses in Pakistan are facing issues in maintaining their survival (Hyder & Lussier, 2016). Having effective social network is the life blood of SMEs, but most of the SME owners lack the skills of building effective social ties and resultantly face failure (X.-y. Zhao, Frese, & Giardini, 2010)
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