Bolton, Dawn Langkamp
January 2012
Academy of Entrepreneurship Journal;2012, Vol. 18 Issue 1, p91
Academic Journal
Bolton and Lane (2012) recently proposed, developed, and validated a measure of individual entrepreneurial orientation (IEO) using a student sample. Their recommendations for future research included testing the instrument with non-student samples. In keeping with Hubbard, Vetter, and Little's (1998) call for publishing of replications with extensions in business research, a sample of 340 entrepreneurs in Western Kentucky was used to further validate the IEO. The ten items on the IEO measuring the dimensions of Innovativeness, Risktaking, and Proactiveness loaded as separate factors as in the original study, with the exception of one item (for Innovativeness) which loaded on two factors (Innovativeness and Risk-taking). Cronbach alphas computed for the three factors from the sample of entrepreneurs were all above 0.765, further verifying the internal consistency of the IEO. External validity was verified with correlations and t-tests for the IEO with self-reported performance measures by the entrepreneurs. This investigation of the IEO further demonstrates that it is a reliable and valid measure of entrepreneurial orientation at the individual level. A better understanding of entrepreneurial orientation at the individual level could be valuable to potential investors and to those determining business resource allocations.


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