The practices of business management, innovation and entrepreneurship: influencing factors in the performance of entrepreneur firms

Jorge Armando López Lemus, María Teresa De la Garza Carranza

Abstract


Introduction: The main objective is to know the joint influence of business management practices, innovation and entrepreneurship on the performance of entrepreneurial firms in the state of Guanajuato, Mexico.

Method: The methodological design was quantitative, explanatory, observational and transversal, where a sample of 304 young entrepreneurs was obtained. A structural equation model (SEM) was developed through the statistical software Mplus v.7.0. STATA v.12 was used to analyze the data. As for the SEM goodness and adjustment indexes (c2=1656.156 gl= 921; CFI = 0.914 y TLI=0.908; RMSEA= .05) they were absolutely acceptable (Jöreskog & Sörbom, 1981; Muthén & Muthén, 1998-2007; Rigdon, 1996).

Results: According to the findings found in the research, it is proven that management practices and business entrepreneurship have a positive and significant influence on innovation, entrepreneurship and the performance of the entrepreneurial firm. In the same way, innovation has a positive and significant influence on business entrepreneurship. Likewise, innovation, business entrepreneurship and the performance of the firm have a positive and significant influence as mediating variables between business management practices and production performance, both financial and non-financial, of entrepreneurial firms.

Discussion or Conclusion: A model is proposed that allows to guarantee the success of the entrepreneurial firms through the entrepreneurial performance of the entrepreneurial firms. In this way, the findings are relevant and of great value since currently there are not enough investigations that are focused on the analyzed variables.


Keywords


entrepreneurship; micro entrepreneurs; new firms; firm management; business management; innovation; entrepreneur firms

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DOI: https://doi.org/10.21640/ns.v11i22.1795

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