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What is Successful Entrepreneur

Handbook of Research on Increasing the Competitiveness of SMEs
He is innovative in his products and in his processes lowering the operative costs, that is to say looking for the obtaining of the ROIC> WACC (Return on Invested Capital> Weighted Average Cost of Capital).
Published in Chapter:
Create Value in Family Business SMEs in Colombia
Helder Barahona Urbano (EAN University)
Copyright: © 2020 |Pages: 24
DOI: 10.4018/978-1-5225-9425-3.ch014
Abstract
This chapter focuses on the identification of the factors of linkage of the successors in the Colombian SMEs Family Companies located in Bogotá D.C. and the understanding of the existing relationships between the factors of linkage of the successors with the processes of creation of value. The general methodological framework is the result of three research proposals that are assumed as guiding theory and that contribute to the design of the instrument for the study of the modes, the moments, and the motivation of the successors to enter the companies. The sample of qualitative type analyzed corresponds to 10 companies and considers the criteria of legality and formality pertinent. The investigation allowed to identify factors in the modes, moments, and motivation of entry of the successors and to argue that there is a relationship between the factors of linkage of the successors with the processes of creation of value in the SME Family Businesses located in Bogota.
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More Results
Personality Assumptions and Attitudes Towards Business
An entrepreneur who has a confidence, is able to use creativity, is able to promote his or her business, is a risk-taker, is able to build relationships for growth, decisions are made based on business economics knowledge.
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