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Differences in Psychological Strategies of Failed and Operational Business Owners in the Fiji Islands

2007; Wiley; Volume: 45; Issue: 3 Linguagem: Inglês

10.1111/j.1540-627x.2007.00219.x

0047-2778

Jean‐Louis van Gelder, Reinout E. de Vries, Michael Fresé, Jan-Peter Goutbeek,

Human Resource and Talent Management

Journal of Small Business ManagementVolume 45, Issue 3 p. 388-400 Differences in Psychological Strategies of Failed and Operational Business Owners in the Fiji Islands* Jean-Louis Van Gelder, Corresponding Author Jean-Louis Van Gelder Department of Social Psychology, University of Amsterdam, the NetherlandsJean-Louis van Gelder, Nieuwezijds Voorburgwal 94d, 1012 SG Amsterdam, the Netherlands. Tel: +0031-(0)20-6239597. E-mail: [email protected].Search for more papers by this authorReinout E. De Vries, Reinout E. De Vries Department of Work and Organizational Psychology, VU University of Amsterdam and Department of Management and Public Administration, University of South PacificSearch for more papers by this authorMichael Frese, Michael Frese Department of Work and Organizational Psychology, University of GiessenSearch for more papers by this authorJan-Peter Goutbeek, Jan-Peter Goutbeek Centre of Man in Aviation of the Royal Dutch Airforce, Soesterberg, the NetherlandsSearch for more papers by this author Jean-Louis Van Gelder, Corresponding Author Jean-Louis Van Gelder Department of Social Psychology, University of Amsterdam, the NetherlandsJean-Louis van Gelder, Nieuwezijds Voorburgwal 94d, 1012 SG Amsterdam, the Netherlands. Tel: +0031-(0)20-6239597. E-mail: [email protected].Search for more papers by this authorReinout E. De Vries, Reinout E. De Vries Department of Work and Organizational Psychology, VU University of Amsterdam and Department of Management and Public Administration, University of South PacificSearch for more papers by this authorMichael Frese, Michael Frese Department of Work and Organizational Psychology, University of GiessenSearch for more papers by this authorJan-Peter Goutbeek, Jan-Peter Goutbeek Centre of Man in Aviation of the Royal Dutch Airforce, Soesterberg, the NetherlandsSearch for more papers by this author First published: 26 May 2007 https://doi.org/10.1111/j.1540-627X.2007.00219.xCitations: 37 * We gratefully acknowledge the support from Dr. R. D. Pathak and Dr. Narendra Reddy from the Department of Management and Public Administration at the University of the South Pacific and the Fiji Development Bank for providing information about small business owners. Additionally, we would like to thank the University of Amsterdam, Stichting Katholieke Noden, Amsterdamse Universiteits Vereniging and Dr. Hendrik Muller's Vaderlands Fonds for the funding of this project. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat Abstract This study investigates the differences between failed and operational businesses from a psychological perspective. The sample included 71 operational and 20 failed business owners from Suva, the capital of Fiji. It was hypothesized that operational business owners more often employ a detailed and long-term planning strategy, whereas failed business owners more often pursue a reactive strategy, that operational business owners set more specific and more difficult goals, and that they have a higher degree of human capital than failed entrepreneurs. The data were analyzed using discriminant analysis. Results confirmed the hypotheses regarding planning and goal specificity. References Aldrich, H. E., and C. M. Fiol (1994). "Fools Rush in? The Institutional Context of Industry Creation," Academy of Management Review 19(4), 645–670. Arvey, R. D., and K. R. Murphy (1998). "Performance Evaluation in Work Settings," Annual Review of Psychology 49, 141–168. Asia Yearbook (1997). Far Eastern Economics. Hong Kong: Marina House. Audretsch, D. B., P. Houweling, and A. R. Thurik (1997). " New Firm Survival: Industry versus Firm Effects," Tinbergen Institute Discussion Papers, Tinbergen Institute. 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