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The relationship between entrepreneurial passion and cognitive styles and their role in entrepreneurial success

Krommendijk, Kervin (2018) The relationship between entrepreneurial passion and cognitive styles and their role in entrepreneurial success.

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Abstract:Although existing studies have improved our understanding of entrepreneurial passion and cognitive styles, they provide relatively little insight into how these two underlying psychological phenomena interact with each other and how they function in an entrepreneurship context. This study aims to explore the effect of entrepreneurial passion on the two different cognitive styles an entrepreneur can use to process information and how their passion and cognitive style affect successfulness. Based on survey data from 155 entrepreneurs across different states within the USA, several hypotheses involving entrepreneurial passion, cognitive style and entrepreneurial success (both in financial and non-financial terms) are tested. Results of linear regression analyses yield several significant results. Firstly, entrepreneurial passion has a positive relationship with both the analytical and intuitive cognitive style. Furthermore, empirical results show that the level of entrepreneurial passion positively affects the level of entrepreneurial success. Additionally, usage of the intuitive cognitive style also positively affects the level of entrepreneurial success. These findings contribute to the academic discussion of underlying psychological characteristics within entrepreneurship and suggest that entrepreneurial passion and cognitive styles both significantly influence successfulness of an entrepreneur.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/77029
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