Impact of Entrepreneurial Skills on Business Success: A Mediating Role of Information Technology Competence
DOI:
https://doi.org/10.61506/01.00061Keywords:
Entrepreneurial, Information technology, Chamber of commerce, Capability, CompetenceAbstract
Information technology capabilities and entrepreneurial talents have become more important in recent decades. Because day by day business growing with the help of technology. The purpose of this study is to look into how information technology capability and entrepreneur competencies affect the success of businesses. To evaluate the impact of entrepreneurial skills on business success mediating role of information technology capacity. The research was quantitative in method; a survey questionnaire was used as an instrument for data collection. The population of the study was Hyderabad city business owners who had founded their enterprises in the recent past, the Hyderabad Chamber of Commerce. Convenience sampling technique was used for data collection. 500 questionnaires were distributed among the respondents; 320 questionnaires were returned. The study's conclusions demonstrated that entrepreneurial skills are positively correlated with business success, and that information technology, which served as a mediating factor, positively correlated with both entrepreneurial skills and business success. Policy makers and businesspeople will find value in the research's conclusions.
References
Abd Wahid, N., Abd Aziz, N. N., & Halim, R. A. (2017). Networking and innovation performance of micro-enterprises in Malaysia: The moderating effects of geographical location. Pertanika Journal of Social Science and Humanities, 25, 277-287.
Afolayan, A., Plant, E., White, G. R., Jones, P., & Beynon‐Davies, P. (2015). Information technology usage in SMEs in a developing economy. Strategic Change, 24(5), 483-498.
Ahmad, N. H., Ramayah, T., Wilson, C., & Kummerow, L. (2010). Is entrepreneurial competency and business success relationship contingent upon business environment? International Journal of Entrepreneurial Behavior & Research.
Al Mamun, A., Nawi, N. B. C., & Zainol, N. R. B. (2016). Entrepreneurial competencies and performance of informal microenterprises in Malaysia. Mediterranean Journal of Social Sciences, 7(3), 273-273.
Ali, A., & Rehman, H. U. (2015). Macroeconomic instability and its impact on the gross domestic product: an empirical analysis of Pakistan. Pakistan Economic and Social Review, 285-316.
Aparicio, S., Urbano, D., & Audretsch, D. (2016). Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence. Technological forecasting and social change, 102, 45-61.
Arian, M. W. N., Khan, M. A., Kumar, D., Zaidi, A. R., & Rahoo, L. A. (2023). Role of Knowledge Management Practice in Higher Education Institutions for Sustainable Development among Faculty Members. Russian Law Journal, 11(5), 624-633.
Audi, M., Ali, A., & Al-Masri, R. (2022). Determinants of Advancement in Information Communication Technologies and its Prospect under the role of Aggregate and Disaggregate Globalization. Scientific Annals of Economics and Business.
Audi, M., Ali, A., & Roussel, Y. (2021). The Advancement in Information and Communication Technologies (ICT) and Economic Development: A Panel Analysis. International Journal of Innovation, Creativity and Change, 15(4), 1013-1039.
Audi, M., Ehsan, R., & Ali, A. (2023). Does Globalization Promote Financial Integration in South Asian Economies? Unveiling the Role of Monetary and Fiscal Performance in Internationalization. Empirical Economics Letters, 22(10), 237-248.
Ayandibu, A. O., & Houghton, J. (2017). The role of Small and Medium Scale Enterprise in local economic development (LED). Journal of Business and Retail Management Research, 11(2).
Aydiner, A. S. (2020). A Model for Digital Business Governance for Strategic Growth and Innovation with Dynamic Capabilities. In Strategic Outlook for Innovative Work Behaviours (pp. 149-163). Springer, Cham.
Baron, R. A., & Markman, G. D. (2000). Beyond social capital: How social skills can enhance entrepreneurs' success. Academy of Management Perspectives, 14(1), 106-116.
Benitez, J., Castillo, A., Llorens, J., & Braojos, J. (2018). IT-enabled knowledge ambidexterity and innovation performance in small US firms: The moderator role of social media capability. Information & Management, 55(1), 131-143.
Bharadwaj, A. S. (2000). A resource-based perspective on information technology capability and firm performance: an empirical investigation. MIS quarterly, 169-196.
Błachnio, A., Przepiorka, A., Senol-Durak, E., Durak, M., & Sherstyuk, L. (2017). The role of personality traits in Facebook and Internet addictions: A study on Polish, Turkish, and Ukrainian samples. Computers in Human Behavior, 68, 269-275.
Brinckmann, J., Grichnik, D., & Kapsa, D. (2010). Should entrepreneurs plan or just storm the castle? A meta-analysis on contextual factors impacting the business planning–performance relationship in small firms. Journal of business Venturing, 25(1), 24-40.
Busenitz, L. W., & Barney, J. B. (1997). Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making. Journal of business venturing, 12(1), 9-30.
Channar, P. B., Ahmed, G., Thebo, J. A., Khan, M. A., & Rahoo, L. A. (2023). Factors of Knowledge Sharing Among Faculty Members In Higher Educational Institutions: An Empirical Study Of The Public Sector. Journal of Positive School Psychology, 1498-1506.
Chwolka, A., & Raith, M. G. (2012). The value of business planning before start-up—A decision-theoretical perspective Journal of business venturing, 27(3), 385-399.
De Clercq, D., Sapienza, H. J., Yavuz, R. I., & Zhou, L. (2012). Learning and knowledge in early internationalization research: Past accomplishments and future directions. Journal of Business Venturing, 27(1), 143-165.
Dijkhuizen, J., Gorgievski, M., van Veldhoven, M., & Schalk, R. (2018). Well-being, personal success and business performance among entrepreneurs: A two-wave study. Journal of Happiness Studies, 19(8), 2187-2204.
Dillman, D. A. (2000). Procedures for conducting government-sponsored establishment surveys: Comparisons of the total design method (TDM), a traditional cost-compensation model, and tailored design. In Proceedings of American statistical association, second international conference on establishment surveys (pp. 343-352).
Draksler, T. Z., & Širec, K. (2018). Conceptual research model for studying students’ entrepreneurial competencies. Naše gospodarstvo/Our economy, 64(4), 23-33.
Estay, C., Durrieu, F., & Akhter, M. (2013). Entrepreneurship: From motivation to start-up. Journal of international Entrepreneurship, 11(3), 243-267.
Fodor, O. C., & Pintea, S. (2017). The “emotional side” of entrepreneurship: a meta-analysis of the relation between positive and negative affect and entrepreneurial performance. Frontiers in Psychology, 8, 310.
Hsu, D. H. (2008). Technology-based entrepreneurship. Handbook of technology and innovation management, 3, 367-388.
Jardim-Goncalves, R., Popplewell, K., & Grilo, A. (2012). Sustainable interoperability: The future of Internet based industrial enterprises. Computers in Industry, 63(8), 731-738.
Jee-Hae, L., Stratopoulos, T. C. & Wirjanto, T. S. (2012). ‘Role of IT Excecutive in The Firm’s Ability to Achieve Competitve Advantage through IT Capability. International Journal of Accounting Information Systems, 13(2012), 21–40
Jian-Liang, C. (2012). The Synergistic Effects of IT-Enabled Resources on Organizational Capabilities and Firm Performance. Information and Management, 49(3-4), 142-150.
Johannesson, J., & Jorgensen, P. J. (2017). The moderating effect of employee education and professional skills on the relationship between entrepreneurial orientation and performance. Journal of Entrepreneurship Education, 20(2), 1-18.
Karlsson, T., & Honig, B. (2009). Judging a business by its cover: An institutional perspective on new ventures and the business plan. Journal of Business Venturing, 24(1), 27-45.
Kerr, S. P., Kerr, W. R., & Xu, T. (2017). Personality traits of entrepreneurs: A review of recent literature.
Kleis, L., Chwelos, P., Ramirez, R. V., & Cockburn, I. (2012). Information technology and intangible output: The impact of IT investment on innovation productivity. Information Systems Research, 23(1), 42-59.
Kraus, S., Rigtering, J. C., Hughes, M., & Hosman, V. (2012). Entrepreneurial orientation and the business performance of SMEs: a quantitative study from the Netherlands. Review of Managerial Science, 6(2), 161-182.
Kyndt, E., & Baert, H. (2015). Entrepreneurial competencies: Assessment and predictive value for entrepreneurship. Journa l of Vocational Behavior, 90, 13-25
Latham, J., Jones, R., & Betta, M. (2009). 18 ‘critical social entrepreneurship–an alternative discourse analysis. Critical Management Studies at Work: Negotiating Tensions Between Theory and Practice, 285.
Lestari, E. R., & Ardianti, F. L. (2019). Technological capability and business success: The mediating role of innovation. In IOP Conference Series: Earth and Environmental Science (Vol. 250, No. 1, p. 012039). IOP Publishing.
Ling, L. S. (2017). Impacts of information technology capabilities on small and medium enterprises (SMEs) and Large Enterprises. Journal of Innovation Management in Small and Medium Enterprise, 2017, 133143.
Love, J. H., & Roper, S. (2015). SME innovation, exporting and growth: A review of existing evidence. International small business journal, 33(1), 28-48.
Luc, P. T. (2018). The relationship between perceived access to finance and social entrepreneurship intentions among university students in Vietnam. The Journal of Asian Finance, Economics, and Business, 5(1), 63-72.
Malepe, N. (2014). How's business? Manufacturing small, medium and micro enterprises (SMMEs') contributions to the formal sector employment in Gauteng and the Western Cape between 2007 AND 2013 (Doctoral dissertation, Stellenbosch: Stellenbosch University).
Mitchelmore, S., & Rowley, J. (2010). Entrepreneurial competencies: a literature review and development agenda. International journal of entrepreneurial Behavior & Research, 16(2), 92-111.
Moh'd AL-Tamimi, K. A., Jaradat, M. S., & Al-Rjoub, A. M. (2019). The Role of Central Bank of Jordan in Economic Development. International Journal of Economics and Financial Research, 5(10), 221-226.
Morgan, L. P., Graham, J. R., Hayes-Skelton, S. A., Orsillo, S. M., & Roemer, L. (2014). Relationships between amount of post-intervention mindfulness practice and follow-up outcome variables in an acceptance-based behavior therapy for Generalized Anxiety Disorder: The importance of informal practice. Journal of contextual behavioral science, 3(3), 173- 178.
Mulder, M., Weigel, T., & Collins, K. (2007). The concept of competence in the development of vocational education and training in selected EU member states: a critical analysis. Journal of Vocational Education & Training, 59(1), 67-88.
Nabiswa, F., & Mukwa, J. S. (2017). Impact of credit financing on human resource development among micro and small enterprises: A case study of Kimilili Sub County, Kenya. Asian J. Manag. Sci. Econ, 4, 43-53.
Nevo, S., & Wade, M. R. (2010). The formation and value of IT-enabled resources: antecedents and consequences of synergistic relationships. MIS quarterly, 34(1), 163-183.
Ngai, E. W., & Chan, E. (2005). Evaluation of Knowledge Management Tools Using AHP. Expert Systems with Applications, 29(4), 889-899
Nunnally, J. U. M. (1994). C., BERSTEIN, Ira H. Psycometric theory. New York: McGraw Hill.
Palacios-Marqués, D., Soto-Acosta, P., & Merigó, J. M. (2015). Analyzing the effects of technological, organizational and competition factors on Web knowledge exchange in SMEs. Telematics and Informatics, 32(1), 23-32.
Pérez‐López, S., & Alegre, J. (2012). Information technology competency, knowledge processes and firm performance. Industrial Management & Data Systems, 112(4), 644-662.
Raghuvanshi, J., & Garg, C. P. (2018). Time to get into the action. Asia Pacific Journal of Innovation and Entrepreneurship.
Rahoo, L. A., & Memon, M. (2022). Impact of Information Technology on Knowledge Sharing among Faculty Members of Public Sectors Higher Education Institutions of Sindh, Pakistan. Pakistan Journal of Social Research, 4(03), 797-803.
Razmus, W., & Laguna, M. (2018). Dimensions of entrepreneurial success: a multilevel study on stakeholders of microenterprises. Frontiers in psychology, 9, 791.
Rossmiller, Z., Lawrence, C., Clouse, S. F., & Looney, C. (2017). Teaching an old dog new tricks: Disaster recovery in a small business context. Information Systems Education Journal, 15(2), 13.
Sawaean, F., & Ali, K. (2020). The impact of entrepreneurial leadership and learning orientation on organizational performance of SMEs: The mediating role of innovation capacity. Management Science Letters, 10(2), 369-380.
Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of management review, 25(1), 217-226.
Shatnawi, S. A., Eldaia, M., Marei, A., & Aaraj, S. A. (2021a). The Relationship between Audit Committee Characteristics on Accounting-based Performance (ROA and ROE) as a Measure of Performance Evidence from Jordan. International Journal of Business and Digital Economy, 2(2), 15-27.
Shatnawi, S. A., Marei, A., Hanefah, M. M., Eldaia, M., & Alaaraj, S. (2022). The Effect of Audit Committee on Financial Performance of Listed Companies in Jordan: The Moderating Effect of Enterprise Risk Management. Journal of Management Information & Decision Sciences, 25.
Tsang, S., Royse, C. F., & Terkawi, A. S. (2017). Guidelines for developing, translating, and validating a questionnaire in perioperative and pain medicine. Saudi journal of anaesthesia, 11(Suppl 1), S80.
Verona, G. (1999). A resource-based view of product development. Academy of management review, 24(1), 132-142.
Wach, D., Stephan, U., Marjan, J. G., & Wegge, J. (2018). Entrepreneurs’ achieved success: developing a multi-faceted measure. International Entrepreneurship and Management Journal, 1-29.
Yaghoubi, N. M., Banihashemi, S. A., Ahoorani, N. and Yazdani, B. O. (2011). Information Technology Infrastructures and KM: Towards Organizational Excellence,’ Computer and Information Science, 4(5), 20-27.
