Weaving a Success Model: Entrepreneurial Competence, Entrepreneurial Resilience, Perceived Environment and Entrepreneurial Success
Authors
BUSHRA USMAN and SHEIKH USMAN YOUSAF
Abstract
This study examines the relationship between entrepreneurial competence, entrepreneurial resilience, perceived business environment, and entrepreneurial success in small and medium-sized enterprises (SMEs) owned by women entrepreneurs in Malaysia. A sample of 248 women entrepreneurs completed a self-reported questionnaire, and the proposed model was tested using partial least squares structural equation modeling (PLS-SEM). The findings reveal that entrepreneurial competence has a significant positive relationship with entrepreneurial success, and entrepreneurial resilience mediates the relationship between entrepreneurial competence and success. Perceived business environment was also found to significantly moderate the relationship between competence and success. Interestingly, the perceived environment did not significantly moderate the relationship between resilience and success but moderated the relationship between competence and success. The study's practical implications suggest that stakeholders need to understand the relationship between competence, resilience, environment, and success in order to comprehend the success model. Entrepreneurs' competencies equip them with the knowledge, skills, and abilities necessary to make them resilient to external shocks and help them gain success, and the environment is crucial to contributing to their success and building competencies. This study's originality lies in its unique focus on possible factors in the entrepreneurial success model, which may help stakeholders pave the way for entrepreneurship for women entrepreneurs. Future studies should consider minimizing response bias issues and conducting longitudinal studies to enhance the study's research limitations.