14 February, 2024
As failure becoming a real threat for businesses in Lebanon, an attempt to closely inspect the
factors affecting performance of typical Lebanese SMEs was made by conducting this study.
More specifically this research was targeted at empirically testing the link between
entrepreneurial drive and SMEs success. This is because despite the intuitive importance of
studying the engine of these businesses- their owner/manager- and the great effect that he/she
has on the performance of the enterprise, little research examined this relationship.
The study was performed on 47 Lebanese SMEs using a self-administered questionnaire.
Questionnaires were filled online by entrepreneurs, owners and managers of these businesses
where they answered a series of questions measuring (1) their entrepreneurial drive and (2)
their businesses performance, to establish the relationship between these two variables.
The main findings supported that entrepreneurial drive strongly and positively correlates with
business performance. Precisely, entrepreneurial drive has a significant impact on SMEs
success. This conclusion contributes in acknowledging and utilizing the psychological
component of entrepreneurial activity putting in the forefront the context and limitations of
the research in hand
Your company may not be in the software business, but eventually, a software company will be in your business.
