engleski

Business Success versus failure variables in the U.S. and Central Eastern Europe

In this survey study, 15 success versus failure variables were tested for differences between US and Central Eastern Europe, Croatian (CEEC) entrepreneurs. Nine of the values were significantly different at the .05 level and two at the .10 level. US entrepreneurs started with greater capital, had more years of management experience, developed more detailed planning, made greater use of professional advice, had more college graduates, sold products with better product life cycle timing, started their business during better economic times, were older, included more partnerships, and had more parents who owned a business than Croatian sample entrepreneurs, while Croatian entrepreneurs had an easier time staffing than US entrepreneurs. The findings should help lead to redefining entrepreneuship in CEEC, as many of this countries commonly believe that human resources have little to do with business success and failure. As the view of human resources change, more resources should be allocated to develop its employees.

success prediction; failure variables

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