Understanding Individual Entrepreneurial Orientation: A Generational Perspective
Understanding Individual Entrepreneurial Orientation: A Generational Perspective
Author(s): Emil Knezović, Šejma Aydin, Hamza Smajić, Azra BičoSubject(s): Business Economy / Management, Socio-Economic Research
Published by: Ekonomski fakultet Sveučilišta u Splitu
Keywords: Entrepreneurial orientation; Generational cohorts; Bosnia and Herzegovina;
Summary/Abstract: Current research on entrepreneurial orientation is mostly from a firm-level perspective, focuses on developed countries, and recent studies treat entrepreneurial orientation as a uni-dimensional construct. Studies on entrepreneurial orientation from a generational perspective mostly use a comparison between two groups (young and old) and neglect the well-accepted classification of generational cohorts. This study therefore examines the individual dimensions of entrepreneurial orientation (risk-taking, innovativeness and proactivity) among the Baby Boomers, Generations X, Y, and Z in Bosnia and Herzegovina. Data were collected through a cross-sectional survey that yielded a sample of 1,082 adults from Bosnia and Herzegovina. One-way analysis of variance with Brown-Forsythe, Welch’s F, and least significant post-hoc tests were used to test the hypotheses. The results show some evidence that individual entrepreneurial orientation varies significantly between generations, at different levels of significance. Risk-taking generally decreases with older generations, as does innovativeness, except when comparing Generations X and Y, while proactiveness increases with older generations. The study provides valuable information for future entrepreneurs, business incubators and potential investors.
Journal: Management - Journal of Contemporary Management Issues
- Issue Year: 28/2023
- Issue No: Spec
- Page Range: 1-12
- Page Count: 12
- Language: English