Abstract
The article aims to explain how general and specific managerial competencies relate to the business success of small and medium size enterprises (SMEs). This study was conducted among 264 managers of SMEs. SME success was measured as a subjective assessment of economic growth indicators in comparison with competitors on the market. General and specific managerial competencies were significant predictors of success in running a business. Specific managerial competencies proved to be a mediator between general competencies and SME success. This paper helps provide a better understanding of how individual differences - general and specific managerial competencies - influence entrepreneurial behavior and its outcomes.
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