CONCEPTUAL ANALYSIS OF SELECTED ENTREPRENEURIAL COMPETENCIES AND PERFORMANCE OF WOMEN OWNED-BUSINESSES.

Authors

  • Hamza Aliyu Galadanchi Department of Business Administration, Al-Qalam University Katsina, Katsina State, Nigeria.
  • Fatima Sani Stores Department of Business Administration, Al-Qalam University Katsina, Katsina State, Nigeria.

DOI:

https://doi.org/10.29121/ijoest.v7.i3.2023.476

Keywords:

Entrepreneurial Competencies, Firm Performance, Women-Owned Business, Developing Economy

Abstract

In the context of family-owned enterprises, this study examines the conceptual implications of various entrepreneurial competencies on firm performance. We conceptually examined the relationships between these forms of entrepreneurial competencies and business success, focusing on the idea of entrepreneurial competencies, which comprise competencies of analytical planning, invention, teamwork, leadership, networking, and Enforcement/implementation. Our research, which is based on the literature that is currently accessible, shows that companies that place a high value on entrepreneurial competencies typically perform well due to the competitive advantages they possess over their competitors. The paper provides some conceptual clarification on entrepreneurship in developing nations and makes recommendations for additional empirical research on firms focusing on entrepreneurial competencies that could help policymakers implement more successful programs to support and nurture entrepreneurs for the prosperity of the economy.

Downloads

Download data is not yet available.

References

Acs, Z. J., & Audretsch, D. B. (2010). Introduction to the 2nd Edition Of The Handbook of Entrepreneurship Research. In Z. J. Acs & D. B. Audretsch (Eds.), Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction (2nd ed.). New York: Springer, 1-19. https://doi.org/10.1007/978-1-4419-1191-9_1

Ahl, H. J. (2006). Why Research on Women Entrepreneurs Needs New Directions. Entrepreneurship Theory and Practice, 30(5), 595-621. https://doi.org/10.1111/j.1540-6520.2006.00138.x

Ahl, H. J., & Marlow, S. (2012). Exploring the Dynamics of Gender, Feminism and Entrepreneurship: Advancing Debate to Escape a Dead End? Organization, 19(5), 543-562. https://doi.org/10.1177/1350508412448695

Ahmad, N. H., Ramayah, T., Wilson, C., & Kummerow, L. (2010). Is Entrepreneurial Competency and Business Success Relationship Contingent Upon Business Environment? A Study of Malaysian SMEs. International Journal of Entrepreneurial Behaviour & Research, 16(3), 182-204. https://doi.org/10.1108/13552551011042780

Allen, I. E., Elam, N., Langowitz, N., & Dean, M. (2007). Global Entrepreneurship Monitor Report on Women and Entrepreneurship. Babson Park, MA and London: Babson College and London Business School. https://www.researchgate.net/profile/Amanda-Elam/publication/335313408_GEM_Report_on_Women_and_Entrepreneurship_2007/links/5d5db0c2a6fdcc55e81edd55/GEM-Report-on-Women-and-Entrepreneurship-2007.pdf

Al-Qudah, A. A., Al-Okaily, M., & Alqudah, H. (2022). The Relationship Between Social Entrepreneurship and Sustainable Development From Economic Growth Perspective: 15 'Rcep' Countries. Journal of Sustainable Finance & Investment, 12(1), 44-61. https://doi.org/10.1080/20430795.2021.1880219

Bamiatzi, V., Jones, S., Mitchelmore, S., & Nikolopoulos, K. (2015). The Role of Competencies in Shaping the Leadership Style of Female Entrepreneurs: The Case of North West of England, Yorkshire, and North Wales. Journal of Small Business Management, 53(3), 627-644. https://doi.org/10.1111/jsbm.12173

Baptista, R., & Preto, M. (2007). The Dynamics of Causality Between Entrepreneurship and Unemployment. International Journal of Technology, Policy and Management, 7(3), 215-224. https://doi.org/10.1504/IJTPM.2007.015107

Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-121. https://doi.org/10.1177/014920639101700108

Baron, R. A., & Markman, G. D. (2003). Beyond Social Capital: The Role of Entrepreneurs' Social Competence in their Financial Success. Journal of Business Venturing, 18(1), 41-60. https://doi.org/10.1016/S0883-9026(00)00069-0

Bartlett, C. A., & Ghoshal, S. (1997). The Myth of the Generic Manager: New Personal Competencies for New Management Roles. California Management Review, 40(1), 92-116. https://doi.org/10.2307/41165924

Baughn, C., Chua, B. L., & Neupert, K. (2006). The Normative Context for Women's Participation in Entrepreneurship: A Multi-Country Study. Entrepreneurship Theory and Practice, 30(5), 687-708. https://doi.org/10.1111/j.1540-6520.2006.00142.x

Beck, T. (2009). The International Library of Entrepreneurship Series: Entrepreneurship in Developing Countries. Cheltenham: Edward Elgar. https://www.narcis.nl/publication/RecordID/oai:tilburguniversity.edu:publications%2Ffe5024ec-bd1c-44df-b220-3affa9f6e453

Bird, B. (1995). Towards a Theory of Entrepreneurial Competency. Advances in Entrepreneurship, Firm Emergence and Growth, 2, 51-72. https://www.scirp.org/(S(lz5mqp453edsnp55rrgjct55))/reference/ReferencesPapers.aspx?ReferenceID=685150

Brinckmann, J. (2006). Competence of Top Management Teams and Success of New Technology Based Firms. Berlin: Deutscher Universita¨tsverlag. https://link.springer.com/content/pdf/10.1007/978-3-8350-5503-2.pdf

Brinckmann, J., Salomo, S., & Gemuenden, H. (2005). Entrepreneurial Management Competence and The Development of Young High-Technology Companies. Frontiers of Entrepreneurship Research, 25(5).

Busenitz, L. W., & Barney, J. B. (1997). Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making. Journal of Business Venturing, 12(1), 9-30. https://doi.org/10.1016/S0883-9026(96)00003-1

Cala's, M., Smircich, L., & Bourne, K. (2009). Extending the Boundaries: Reframing "Entrepreneurship as Social Change" Through Feminist Perspectives. Academy of Management Review, 34 (3), 552-569. https://doi.org/10.5465/amr.2009.40633597

Carree, M. A., & Thurik, A. R. (2010). The Impact of Entrepreneurship on Economic Growth. In Z. J. Acs & D. B. Audretsch (Eds.), Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction (2nd ed.). New York: Springer, 557-594. https://doi.org/10.1007/978-1-4419-1191-9_20

Chandler, G. N., & Jansen, E. (1992). The founder's self-assessed competence and venture performance. Journal of Business Venturing, 7(3), 223-236. https://doi.org/10.1016/0883-9026(92)90028-P

Dana, L. P., Nziku, D. M., Palalić, R., & Ramadani, V. (2022). Women Entrepreneurs in North Africa: Historical Frameworks, Ecosystems and New Perspectives for the Region. World Scientific Publishing Co. https://doi.org/10.1142/12266

Daniel, T. A. (2004). The Exodus of Women from the Corporate Workplace to Self-Owned Businesses. Employment Relations Today, 30(4), 55-61. https://doi.org/10.1002/ert.10108

De Bruin, A., Brush, C. G., & Welter, F. (2007). Advancing a Framework for Coherent Research on Women's Entrepreneurship. Entrepreneurship Theory and Practice, 31(3), 323-339. https://doi.org/10.1111/j.1540-6520.2007.00176.x

De Jong, J., & Den Hartog, D. (2007). How Leaders Influence Employees' Innovative Behaviour. European Journal of Innovation Management, 10(1), 41-64. https://doi.org/10.1108/14601060710720546

Elam, A. B. (2008). Gender and Entrepreneurship: A Multilevel Theory and Analysis. Cheltenham: Edward Elgar.

Elam, A., & Terjesen, S. (2007). Institutional logics: Gender and Business Creation Across GEM Countries. Frontiers of Entrepreneurship Research, 27(8). Accessed on January 6, 2017, from http://digitalknowledge.babson.edu/fer/vol27/iss8/1

Erikson, T. (2002). Entrepreneurial Capital: The Emerging Venture's Most Important Asset and Competitive Advantage. Journal of Business Venturing, 17(3), 275-290. https://doi.org/10.1016/S0883-9026(00)00062-8

Fuller-Love, N., Lim, L., & Akehurst, G. (2006). Guest Editorial: Female and Ethnic Minority Entrepreneurship. The International Entrepreneurship and Management Journal, 2(4), 429-439. https://doi.org/10.1007/s11365-006-0007-y

Garavan, T. N., & McGuire, D. (2001). Competencies and Workplace Learning: Some Reflections on the Rhetoric and the Reality. Journal of Workplace Learning, 13(4), 144-164. https://doi.org/10.1108/13665620110391097

Gu, W., & Wang, J. (2022). Research on Index Construction of Sustainable Entrepreneurship and its Impact on Economic Growth. Journal of Business Research, 142, 266-276. https://doi.org/10.1016/j.jbusres.2021.12.060

Gundry, L. K., Miriam, B.-Y., & Posig, M. (2002). Contemporary Perspectives on Women's Entrepreneurship: A Review and Strategic Recommendations. Journal of Enterprising Culture, 10(01), 67-86. https://doi.org/10.1142/S0218495802000141

Hodgetts, R. M., & Kuratko, D. F. (2001). Effective small business management. Orlando, FL: Hartcourt College Publishers.

Hoffmann, T. (1999). The Meanings of Competency. Journal of European Industrial Training, 23 (6), 275-285. https://doi.org/10.1108/03090599910284650

Hughes, K. D., Jennings, J. E., Brush, C., Carter, S., & Welter, F. (2012). Extending Women's Entrepreneurship Research in New Directions. Entrepreneurship Theory and Practice, 36(3), 429-442. https://doi.org/10.1111/j.1540-6520.2012.00504.x

Keilbach, M. C., Tamvada, J. P., & Audretsch, D. B. (2009). Sustaining Entrepreneurship and Economic Growth: Lessons in Policy And Industry Innovations from Germany and India. New York: Springer. https://doi.org/10.1007/978-0-387-78695-7

Kelley, D. J., Brush, C. G., Greene, P. G., & Litovsky, Y. (2013). Global Entrepreneurship Monitor 2012 Report: Women's Entrepreneurship Worldwide. London: Global Entrepreneurship Research Association (GERA). https://journals.aom.org/doi/abs/10.5465/19416520.2013.782190

Lerner, M., Brush, C., & Hisrich, R. (1997). Israeli Women Entrepreneurs: An Examination of Factors Affecting Performance. Journal of Business Venturing, 12(4), 315-339. https://doi.org/10.1016/S0883-9026(96)00061-4

Litwin, A. S., & Phan, P. H. (2013). Quality Over Quantity: Re-Examining the Link Between Entrepreneurship and Job Creation. Industrial and Labor Relations Review, 66(4), 833-873. https://doi.org/10.1177/001979391306600405

Man, T. W. Y., & Lau, T. (2005). The Context of Entrepreneurship in Hong Kong: An Investigation Through the Patterns of Entrepreneurial Competencies in Contrasting Industrial Environments. Journal of Small Business and Enterprise Development, 12(4), 464-481. https://doi.org/10.1108/14626000510628162

McGregor, J., & Tweed, D. (2001). Gender and Managerial Competence: Support for Theories of Androgyny? Women in Management Review, 16(6), 279-287. https://doi.org/10.1108/09649420110401540

Minniti, M., & Naude˙, W. (2010). Female Entrepreneurship in Developing Countries. United Nations University World Institute for Development (UNU-WIDER). Accessed January 6, 2016. https://www.wider.unu.edu/publication/female-entrepreneurship

Minniti, M., Allen, I. E., & Langowitz, N. (2006). Global Entrepreneurship Monitor 2005 Report on Women and Entrepreneurship. London: Babson College, London Business School. https://www.babson.edu/media/babson/site-assets/content-assets/about/academics/centres-and-institutes/blank-institute/global-research/global-entrepreneurship-monitor/reports/gem-2006-women-entrepreneurship-report.pdf

Mitchelmore, S., & Rowley, J. (2010). Entrepreneurial Competencies: A Literature Review and Development Agenda. International Journal of Entrepreneurial Behavior and Research, 16(2), 92-111. https://doi.org/10.1108/13552551011026995

Mitchelmore, S., & Rowley, J. (2013). Growth and Planning Strategies within Women-Led SMEs. Management Decision, 51(1), 83-96. https://doi.org/10.1108/00251741311291328

Mitchelmore, S., Rowley, J., & Shiu, E. (2014). Competencies associated with growth of womenled SMEs. Journal of Small Business and Enterprise Development, 21(4), 588-601. https://doi.org/10.1108/JSBED-01-2012-0001

Morris, M. H., Miyasaki, N. N., Watters, C. E., & Coombes, S. M. (2006). The Dilemma of Growth: Understanding Venture Size Choices of Women Entrepreneurs. Journal of Small Business Management, 44(2), 221-244. https://doi.org/10.1111/j.1540-627X.2006.00165.x

Muzychenko, O., & Saee, J. (2004). Cross Cultural Professional Competence in Higher Education. Journal of Management Systems, 16(4), 1-19. https://digital.library.adelaide.edu.au/dspace/handle/2440/17728

Ndemo, B., & Maina, F. (2007). Women Entrepreneurs and Strategic Decision Making. Management Decision, 45(1), 118-130. https://doi.org/10.1108/00251740710719006

OECD (Organisation for Economic Co-operation and Development). (2009). Strengthening Entrepreneurship and Economic Development in East Germany: Lessons from Local Approaches. Accessed on January 7, 2017, from http://www.oecd.org/site/cfecpr/42367462.pdf

Pattanayak, K. P., & Padhy, C. (2022). Entrepreneurs' Contributions to Economic Development and Growth. Indian Journal of Natura Sciences, 13(71), 41632-41637. https://www.researchgate.net/profile/Kalee-Pattanayak/publication/360785032_Entrepreneurs'_Contributions_to_Economic_Development_and_Growth/links/628b725d39fa2170316823b9/Entrepreneurs-Contributions-to-Economic-Development-and-Growth.pdf

Pines, A. M., Lerner, M., & Schwartz, D. (2010). Gender Differences in Entrepreneurship: Equality, Diversity and Inclusion in Times of Global Crisis. Equality, Diversity and Inclusion: An International Journal, 29(2), 186-198. https://doi.org/10.1108/02610151011024493

Ritter, T., Wilkinson, I., & Johnston, W. (2002). Measuring Network Competence: Some International Evidence. Journal of Business and Industrial Marketing, 17(2/3), 119-138. https://doi.org/10.1108/08858620210419763

Rowe, C. (1995). Clarifying the use of Competence and Competency Models in Recruitment, Assessment and Staff Development. Industrial and Commercial Training, 27, 12-17. https://doi.org/10.1108/00197859510100257

Sadler-Smith, E., Hampson, Y., Chaston, I., & Badger, B. (2003). Managerial Behavior, Entrepreneurial Style, and Small Firm Performance. Journal of Small Business Management, 41, 47-67. https://doi.org/10.1111/1540-627X.00066

Scott, S., & Bruce, R. (1994). Determinants of Innovative Behavior: A Path Model of Individual Innovation in the Workplace. Academy of Management Journal, 37(3), 580-607. https://doi.org/10.2307/256701

Sexton, D. L., & Bowman-Upton, N. (1990). Female and Male Entrepreneurs: Psychological Characteristics and their Role in Gender-Related Discrimination. Journal of Business Venturing, 5(1), 29-36. https://doi.org/10.1016/0883-9026(90)90024-N

Shane, S. A. (2003). A General Theory of Entrepreneurship: The Individual-Opportunity Nexus. Northampton, MA: Edward Elgar. https://doi.org/10.4337/9781781007990

Snell, R., & Lau, A. (1994). Exploring Local Competences Salient for expanding Small Businesses. Journal of Management, 13(4), 4-15. https://doi.org/10.1108/02621719410057032

Thompson, J., Stuart, R., & Lindsay, P. (1997). The Competence of Top Team Members: A Framework for Successful Performance. Team Performance Management, 3(2), 57-75. https://doi.org/10.1108/02683949610113593

Thurik, R., Carree, M., Stel, A., & Audretsch, D. (2008). Does Self-Employment Reduce Unemployment? Journal of Business Venturing, 23(6), 687-698. https://doi.org/10.1016/j.jbusvent.2008.01.007

VanderBrug, J. (2013). The Global Rise of Female Entrepreneurs. Harvard Business Review. Accessed January 7, 2017, from https://hbr.org/2013/09/global-rise-of-female-entrepreneurs

Verheul, I., Uhlaner, L., & Thurik, R. (2005). Business Accomplishments, Gender and Entrepreneurial Self-Image. Journal of Business Venturing, 20(4), 483-518. https://doi.org/10.1016/j.jbusvent.2004.03.002

Weiler, A. S., & Bernasek, A. (2001). Dodging the Glass Ceiling? Networks and the New Wave of Women Entrepreneurs. Social Science Journal, 38(1), 85-103. https://doi.org/10.1016/S0362-3319(00)00111-7

Downloads

Published

2023-05-17

How to Cite

Galadanchi, H. A., & Sani Stores, F. . (2023). CONCEPTUAL ANALYSIS OF SELECTED ENTREPRENEURIAL COMPETENCIES AND PERFORMANCE OF WOMEN OWNED-BUSINESSES. International Journal of Engineering Science Technologies, 7(3), 42–53. https://doi.org/10.29121/ijoest.v7.i3.2023.476