OzeWorld Guide

Psychological Characteristics Associated With Performence In Entrepreneurial Firms And Smaller Businesses 1

This article examines the prevalence of five mental attributes in an example of established business owners. These characteristics are dependence on achievement, locus of control, risk-taking propensity, tolerance of ambiguity, and Type A behavior. These characteristics are widely thought to be hallmarks of the entrepreneurial personality. Survey questionnaires were completed by 239 members of small Business Association of New England.

Founders in this sample score significantly greater than nonfounders for three of the five dimensions: need for accomplishment, risk-taking propensity, and tolerance of ambiguity. Both groups manifest an interior locus of control: that is, they discuss a perception they can influence events in their lives and are thus free from external forces such as destiny or luck. In conditions of Type A behavior, founders and nonfounders alike rating 60% above the midpoint on the sort A range. Such Type A persons tend to be competitive, restless strivers who struggle against the restrictions of your time constantly.

The associations between psychological features and financial performance are few, but suggestive. Among founders, internal locus of control relates to a low liquidity ratio. Among non- founders, high tolerance of ambiguity affiliates with high return on assets (ROA), and high need for achievement associates with a higher liquidity proportion. A test for curvilinearity shows a “threshold effect” : in three situations, a psychological feature associates with corporate and business performance and then a certain point.

Beyond this optimal level, the emotional pattern seems to become financial and dysfunctional earnings falter. In the founders, for example, moderate risk-taking is associated with increased ROA. However, the ROA of the firms decreases when risk-taking becomes extreme. In similar fashion, founders may see their firms’ ROA flourish if this attribute is present to a moderate degree. When too pronounced, the success of the firm may drop. The same pattern is available between tolerance of growth and ambiguity rate in the nonfounder group. Excessive ambiguity tolerance may lead to a lack of response mechanisms for dealing with environmental change.

Money market has no physical location. How is trading done Then? Ans. Trading is performed online . Differentiate between trade bills and commercial bills. Ans. Trade bill is bill of exchange and when trade costs is accepted by lender is known as commercial bill. Ans. Primary market is the market where new securities are issued. Just how do financial market promote capital development?

Ans. Financial marketplaces flows the money from savers to traders and enhances the liquidity of existing securities on the market. It leads to capital development. Ans. It prohibits and controls the unfair trade methods and regulates the brokers. It is the watchdog of the securities market Thus. Ans. To safeguard the investors interest and control the currency markets.

  • Enable life-long learning (meet the dependence on self-mastery – the desire to obtain better skills)
  • 50% of business foods and entertainment and
  • Shows profitability
  • 8 c’s of a business letter
  • What the first step is towards success (the aha moment)
  • Is the location zoned properly
  • Generate test cases based on the requirements and other documents
  • ► July (54)

What settlement system will the equity spot market follow? 2 moving arrangement i.e. trade will be resolved within two days of trade date. How many depositories are operating in India? Q.1.Which marketing school of thought give more importance to ‘consumer welfare’ rather than consumer satisfaction? Q.2.which idea of marketing suggesting that the business earn income through volume of creation ? 7.Which concept of Marketing shows that the business should earn revenue through consumer satisfaction and sociable welfare ? Ans: No-one else can use it .if it is utilized it is illegal.

10.Which component of marketing mixis related to Product id.. Ans: Product Mix – Branding. 1. Name one of the first companies in the world to positively study the influence of consumer products on the environment. 1. Ans: Procter and Gamble. 2. Give two examples of convenience product. 2. Ans: (i) Bread (ii) Ice cream. 3. Name two shopping products. 3. Ans: (i) Car (ii) Furniture (iii) Garments. 4. Name two techniques of sales advertising. 4. Ans: (i) Discount (ii) Premiums.

5. What factor changes want into demand? 5. Ans: Money or purchasing power and determination to spend the amount of money. 6. Which goods last long and contribute to the making or developing of completed goods directly? 7. Name the elements that are popularly known as 3 p’s if marketing. 7. Ans:Physical Evidence, People, Process.

8. Which goods are of unique buyer and personality recognizes with them? 8. Ans: Speciality goods. 9. Give some innovative ideas of getting information about the trends/demand design in market. 9. Ans:Market Survey, Market Research, On-line Research, Feedback. 10. Ans:The name of strategy is Price Skimming. Under this plan a high price is billed for a forward thinking product and down the road the purchase price is reduced when more marketers enter the marketplace with same type of product.