Purpose: A model is developed to analyse what personality traits impact entrepreneurial cognitive and social strategic decision-making skills, originating from the effectuation framework.

Design/methodology/approach: 128 participants from an entrepreneurial pre-launch programme were assessed by experienced incubator and business coaches. Personality was measured by a Big Five test. Based on a confirmatory factor analysis, the relationships were analysed between personality and three core dimensions of the effectuation framework:
1) the bird-in-hand principle, 2) the crazy quilt principle and 3) the pilot in the plane principle.

Findings: Specific patterns (moderation effects) as opposed to levels of personality traits proved to be relevant. The bird-in-hand and the crazy quilt principles are related to the moderating effect between sensitivity to feedback, sociability and ambition. The pilot in the plane principle was related to the whole pattern of entrepreneurial key qualities embedded in the extraversion domain. Furthermore, relationships of personality with key issues in the effectuation framework were found, examples being reflecting on a high diversity of means or on own talents, conducting a thorough risk analysis and engaging in inspirational networking. The final model revealed a direct positive influence of the capacity to conduct a thorough risk analysis on the overall capacity to apply the effectuation principles.

Originality/value: The research results offer deeper insights for the mobilisation and development of complex entrepreneurial behaviours.


https://doi.org/10.1108/IJEBR-06-2019-0343

LinkedIn: https://www.linkedin.com/in/rainer-hensel-phd-8ba44a43/
https://www.linkedin.com/in/ronald-visser-4591034/