Article2020

Strategic entrepreneurship

Rosa Lombardi · Riccardo Tiscini · Raffaele Trequattrini · Laura Martiniello

66 citations0/0 files storedManagement Decision

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Entrepreneurship Studies and Influences Leadership and Management in Organizations Management and Organizational Practices

Abstract

Purpose The purpose of this paper is to explore the characteristics and personal values of a successful entrepreneur in order to understand the quality of such characteristics. Thus, this paper aims to investigate how these characteristics and personal values impact strategic decision-making and outcomes driving the success and growth of small and medium-sized enterprises (SMEs). Design/methodology/approach The research question is answered through a single case study approach based on the case of the charismatic and flourishing entrepreneur and owner of Gemar Balloons, a balloon-manufacturing company established in the centre of Italy a century ago. Findings The paper shows how the success of SMEs in a dynamic environment is influenced by the central resource, “the entrepreneur”, whose entrepreneurial mindset, culture and leadership are essential and partially replicable. They allow strategic management to seek opportunities and develop innovation, achieving competitive advantages and creating wealth. Practical implications This paper contributes to an understanding of how values and specific personal characteristics establish an entrepreneurial mindset, culture and leadership, and whether and how these factors are exportable and repeatable. In this way, it allows a better understanding of how possible it is to establish an entrepreneurial mindset and culture by working on a younger generation's values and characteristics. Moreover, it explains why and how entrepreneurial SME leaders are best able to make decisions and manage resources strategically to create competitive advantages. Originality/value The paper is new because it shows the distinctive values and characteristics influencing the emerging strategic decision-making model and corporate outcomes.

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References

2000The Promise of Entrepreneurship as a Field of Research 1999Ethics, character, and authentic transformational leadership behavior 2003A Model of Strategic Entrepreneurship: The Construct and its Dimensions 2001Strategic entrepreneurship: entrepreneurial strategies for wealth creation 1998The Charismatic Relationship: A Dramaturgical Perspective 2000LEADERSHIP IN THE NORTH AMERICAN ENVIRONMENTAL SECTOR: VALUES, LEADERSHIP STYLES, AND CONTEXTS OF ENVIRONMENTAL LEADERS AND THEIR ORGANIZATIONS.2006Building Better Theory by Bridging the Quantitative–Qualitative Divide*2007The Central Question in Entrepreneurial Cognition Research 2007

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