The entrepreneur's character,life issues,and strategy making: A field study |
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Institution: | 1. Hong Kong Baptist University, Department of Management, School of Business, 23 Renfrew Road, Kowloon Tong KL, HKSAR, PR China;2. George Mason University, School of Management, 4400 University Drive, Fairfax, VA 22030, USA |
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Abstract: | Although entrepreneurs seem to engage little in formal planning, strategy in entrepreneurial firms can exhibit identifiable patterns over time. The strategic orientations of such firms are particularly likely to reflect the priorities of their entrepreneurial CEOs. While researchers have looked at entrepreneurial traits in order to explain business start-ups and generic strategies, little attention has been paid to possible interactions between entrepreneurs' personal characteristics and the strategic options they choose to pursue. This study links entrepreneurs' strategy-making processes to their life issues, legacies of their past histories. Its finding suggests that an entrepreneurial firm will consistently pursue the strategic directions that most reflect the entrepreneur's set of life issues. |
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