Empirical evidence on locus of control among owner and manager and its relation to success firms

Abstract

The aim of this study was to verify whether there is a difference among owner and manager with respect to locus of control, and show whether there is a significant correlation between the variable locus of control and the success of a company. The research would help to compare and know whether in the Mexican context, the variables which compose Spector’s model of Locus of Control (1998) behave the same way as in the field assessed by the author. Fifty-eight owners and 52 managers of small and medium enterprises in the San Luis Potosí area were surveyed. The information was obtained through Spector’s Locus of control questionnaire (1998). Independent two-sample t-test and Pearson correlation coefficient were utilized to analyze data. The findings allow us to say: the locus of control is not a variable that allows categorization of owner and manager. Also, this study allowed us to know that the owner locus of control contributes to the success of the SMEs. Even when the work locus of control is an attribute with no difference in both other-and owner-manager, it is beneficial in strengthening and developing an organizational culture with high ethical standards, because the managers, with a culture as it is, develop and strengthen over their locus of control.

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