JSBE subscribers and CCSBE-CCPME members can view and download full articles (PDF format) in the online Article Library or use the link at the bottom of the abstract to view the specific article (must be logged in).  Subscription Options.

Alina Zapalska, Will Edwards
Marshall University, Huntington, West Virginia

Abstract

The purpose of this paper is to examine types of small businesses in Liaoning, China and whether those small business firms are innovative, strategic, opportunistic, and ready to make changes. The paper reports results of a survey to highlight areas where continued growth in enterprise development could be further enhanced. Based on the survey results we can conclude that: the reforms of the last decade and one-half explained and further accentuated the decentralized nature of administration in China, which has had profound implications for the development of the non-state sector. The success of China’s reform efforts is attributable to impressive growth of the non-state sector during the past decade and one-half, particularly of the collectives, individual businesses, and such other businesses as township and village enterprises. Much of the growth of the non-state owned sector has been in the light manufacturing and service industries. Chinese entrepreneurs of non-state firms are people of intensive activity with a high level of entrepreneurial propensity. The ability to think and be innovative, strategic, opportunistic, and be able to make efficient and rational changes enabled them to succeed at all stages of development. The basic premise is that the entrepreneurial personality is important is shaping a venture and the COSI type personality has contributed to the success of the new ventures. This paper confirms that an entrepreneur’s personality has a decisive impact on a new venture creation and development.

 An Examination of Entrepreneurship in Liaoning, China