Central European Business Review 2012, 1(3):7-13 | DOI: 10.18267/j.cebr.25

The Competencies of Managers and Their Business Success

Mariola Laguna1, Michal Wiechetek2, Wieslaw Talik3
1 Mariola Laguna, Ph.D., Associate Professor, Institute of Psychology The John Paul II Catholic, University of Lublin, Al. Raclawickie 14, 20-950 Lublin, Poland, laguna@kul.pl
2 Michal Wiechetek, Ph.D., Assistant Professor, Institute of Psychology, The John Paul II Catholic, University of Lublin, Al. Raclawickie 14, 20-950 Lublin, Poland, wiechetek@kul.pl
3 Wieslaw Talik, Ph.D., Institute of Psychology The John Paul II Catholic, University of Lublin, Al. Raclawickie 14, 20-950 Lublin, Poland, wietal@wp.pl

The article aims to explain how general and specific managerial competencies relate to the business success of small and medium size enterprises (SMEs). This study was conducted among 264 managers of SMEs. SME success was measured as a subjective assessment of economic growth indicators in comparison with competitors on the market. General and specific managerial competencies were significant predictors of success in running a business. Specific managerial competencies proved to be a mediator between general competencies and SME success. This paper helps provide a better understanding of how individual differences - general and specific managerial competencies - influence entrepreneurial behavior and its outcomes.

Keywords: managerial success, managerial competencies, SMEs
JEL classification: L26, M12

Received: September 1, 2012; Revised: December 3, 2012; Published: December 31, 2012  Show citation

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Laguna, M., Wiechetek, M., & Talik, W. (2012). The Competencies of Managers and Their Business Success. Central European Business Review, 1(3), 7-13. doi: 10.18267/j.cebr.25
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