Differentiating the entrepreneurial life story: investigating narrative identity in relation to business failure (original) (raw)
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VUCA is about a hyper-competitive and unpredictable environment. It stands for volatility, uncertainty, complexity, and ambiguity. Personal attributes are necessary to navigate the VUCA environment. Studies in entrepreneurship show that narratives help people to connect different experiences. Literature shows that a narrative journey can be described through archetypes and relate to entrepreneurial behavior. This study aims to construct and validate measurements of entrepreneurial personality by adapting Pearson & Marr's archetype inventory test within the entrepreneurial context. This study was conducted as an assessment of the measurement psychometric attributes consisting of 12 archetypes. Explanatory Factor Analysis (EFA) was carried out by Oblimin rotation resulting in 60 final items. This study involved 154 small and medium entrepreneurs in Jakarta and West Java.
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Journal of International Conference Proceedings
Understanding personality development of entrepreneurs is important in current entrepreneurial research. Previous studies have mentioned some perspectives towards a scientific understanding of entrepreneurship, through identification and in-depth examination of personality characteristics. These studies show that individual's function as a totality of personal characteristics (which involve biological, psychological, and cultural levels related to personal narratives) is needed. Some experts point out that success can be explained in the dynamics of the daily journey of the business persons than in trying to explain them into personality categories. The growth of entrepreneurial personality can be understood in accordance with the identity of the community and local culture. The wholeness of a person being an entrepreneur is a process of forming and revealing the development of an entrepreneurial personality. Personality growth will be revealed along the journey of life, following the same pattern in a narrative life story that is influenced by socio-cultural aspects. These patterns can be expressed in archetype. Entrepreneurs also share a set of cultural and social values, some of which are based on the values held by the community. However, research on entrepreneurial personality as a whole in the context of Indonesian culture, is still needed This study aims to look at entrepreneurship as the dynamic's perspective of the personality narrative life stories and archetype of the cultural context in Indonesia. In addition, this study seeks non-economic factors, such as entrepreneurial personality and culture, affect the dynamics of the performance of a startup business. Through the study of archetype theory and narrative life story, it can be proposed a measuring tool that can explain the concept of entrepreneurial archetype personality in the Indonesian context. This archetype personality measurement tool uses a life story perspective that sees the dynamics of entrepreneurial journey as an archetype hero journey
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Currently, entrepreneurship is of great importance to economic growth and reduced unemployment. Since entrepreneurial behaviour is multidimensional, interest in understanding the roles of individual variables has increased significantly. The present study uses the theoretical and empirical framework of entrepreneurship research to explain the existence of the psychological profile of an entrepreneur, the impact of the psychological variables of personality on behaviour and entrepreneurial intention, and the relationship between personality traits and other specific traits frequently related to entrepreneurship. A sample of 337 participants composed of real entrepreneurs (n = 83) and university students (n = 254) with high scores in entrepreneurial intention were evaluated in personality (Big Five) and other specific traits: ambiguity tolerance, emotional intelligence and coping and problem solving. The results showed that both groups share the same profile in these variables once adjustments were made for the effects of sex and age. A target profile and a preliminary evaluation of its best possible accuracy are provided.