Entrepreneurial Passion and entrepreneurial leadership: An exploratory study of Indonesian Minang ethnic entrepreneurs

Abstract

Entrepreneurial passion is the main assessment in looking at the characteristics of entrepreneurs and there have been many studies and theories that put forward the entrepreneurial spirit in achieving entrepreneurial success. However, there is no clear assessment of passion and whether entrepreneurial passion can stand alone in assessing successful entrepreneurship or rather entrepreneurial passion must be together with other entrepreneurial characteristics such as having leadership that leads to success. This study involved 25 entrepreneurs to assess entrepreneurial passion and leadership which was carried out qualitatively. Data collection uses in-depth interviews to see entrepreneurial spirit and leadership. Those involved in this research specifically are Minang ethnic entrepreneurs who do have different characteristics in running a business. Questions are asked of business owners who have been around for at least 10 years. This is limited in order to be able to see entrepreneurial passion not only in facing business profits but also in business conditions that are in trouble both internally and externally. The results of the study revealed that passion alone cannot be used as a benchmark or an indicator of business success, as many as 20 entrepreneurs revealed that passion must be combined with other characteristics such as the ability to lead a business. This means that in managing a business and also in achieving success, entrepreneurial passion must be supported by other factors. A total of 5 entrepreneurs revealed that passion is the most important in success. The limitation of this research is that it has not looked at several other supporting factors for entrepreneurial passion in achieving success and needs to be done quantitatively in uncovering the contribution of entrepreneurial passion.

Keywords

• entrepreneurial passion, leadership, qualitative, entrepreneurial success