THE DYNAMICS OF ENTREPRENEURS’ SUCCESS FACTORS IN INFLUENCING VENTURE GROWTH

www.asiaentrepreneurshipjournal.com This study aims to investigate the formal and informal attributes of founding entrepreneurs contributing to venture growth. The study found significant relationship between venture growth and entrepreneurs with high personal initiative, focused on specific competency areas within operations, finance, marketing and human resources. In operations, founding entrepreneurs are found to be concerned with equipment selection, quality of products and services, competitive strategies planning and the improvement of product and services. Raising capital from bank and institution was the only area of concern in finance, whilst in marketing, it was promoting company and its product and services, understanding market needs and customer feedback are prioritized. Lastly, every aspects in human resources is considered important, which includes recruiting and retaining employees, human resource policies and compensation plan, training and development, delegating and relinquishing control, develop performance appraisal and finally, employees motivation. The study showed no significant relationships between venture growth and human capital, social network support, and government support programs