Abstract – AOCRJ-V3I4P2

Leadership and Entrepreneurial Success of Bicolano
Entrepreneurs

Paladan, Nerisa N.
Ateneo de Naga University,Naga City, Philippines

Abstract:
This research was conducted to respond to the issues surrounding the problem of low success rates and poor growth rates of entrepreneurial endeavors that supported the need for this study. This study aims to determine the profile of successful Bicolano entrepreneurs in terms of personal and social construct, economic construct, and their leadership style. It examines the dominant leadership style and the significant relation of entrepreneurs profile to their leadership style. The outcome of this study could be a source for developing a program to enhance the leadership skills of Bicolano Entrepreneurs to improve survival and growth of their entrepreneurial endeavors. A qualitative-descriptive correlation and quantitative research was used in the study. It included the gathering and presentation of information concerning entrepreneurs in micro, small, and medium scale business entrepreneurship. It also covered correlational analysis to establish the significant relation of the demographic profile of Bicolano entrepreneurs to its leadership style. The respondent of this study is limited to the top 25 micro small medium enterprise for each of the six provinces of Bicol region or a total of one hundred fifty (150) successful Bicolano entrepreneurs. This is based on the 2009 sales performance taken from the records of the provincial offices of the Department of Trade and Industry. The respondent consists of businesses with more than three (3) years of business operation and directly managed by a Bicolano entrepreneur. The instrument that was used in this study was a questionnaire and interview guide adopted from Avolio and Bass (2004), MLQ 5X. The questionnaire was designed to gather information concerning the construct and the leadership style. Significant conclusions from this study are that successful Bicolano entrepreneur displays a measurably higher tendency toward transformational leadership. That transformational leadership is significantly more correlated to the business performance such as the annual sales, business assets and number of employees at the present time than transactional leadership. To increase probability of success it is recommended to the entrepreneurial practitioners that leadership development be integral to their business planning activities.
Future studies might assess the relationship between the enterprise outcomes including extra effort, effectiveness, and satisfaction, which are also measured by the MLQ 5X, and entrepreneurial success.
Furthermore, it might also consider asking the subordinates or employees to complete the MLQ 5X to identify leadership type of the entrepreneurs. Customer input might also provide a better picture for how well the entrepreneur is working in his/her enterprise.

Key Words: Leadership style, Bicolano entrepreneurs, entrepreneurial success, Bicol SME’s

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