This article conceptualizes and operationalizes ‘subjective entrepreneurial success’ in a manner which reflects the criteria employed by entrepreneurs, rather than those imposed by researchers. We used two studies to explore this notion; the first qualitative enquiry investigated success definitions using interviews with 185 German entrepreneurs; five factors emerged from their reports: firm performance, workplace relationships, personal fulfilment, community impact and personal financial rewards. The second study developed a questionnaire, the Subjective Entrepreneurial Success–Importance Scale (SES-IS), to measure these five factors using a sample of 184 entrepreneurs. We provide evidence for the validity of the SES-IS, including establishing systematic relationships of SES-IS with objective indicators of firm success, annual income and entrepreneur satisfaction with life and financial situation. We also provide evidence for the cross-cultural invariance of SES-IS using a sample of Polish entrepreneurs. The contribution of our research being that subjective entrepreneurial success is a multi-factorial construct, that is, entrepreneurs value various indicators of success with monetary returns as only one possible option.
| Identifer | oai:union.ndltd.org:DRESDEN/oai:qucosa:de:qucosa:35642 |
| Date | 10 October 2019 |
| Creators | Wach, Dominika, Stephan, Ute, Gorgievski, Marjan |
| Publisher | Sage |
| Source Sets | Hochschulschriftenserver (HSSS) der SLUB Dresden |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/publishedVersion, doc-type:article, info:eu-repo/semantics/article, doc-type:Text |
| Rights | info:eu-repo/semantics/openAccess |
| Relation | 1741-2870, 10.1177/0266242615608469 |
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