Leadership Style and Entrepreneurial Performance: A Correlational Study of Mexican Entrepreneurs

Leadership Style and Entrepreneurial Performance: A Correlational Study of Mexican Entrepreneurs

Author: 
Ursula Fernandez
Program of study: 
D.B.A.
Abstract: 
Entrepreneurs are fundamentally important in the process of economic growth. The current study included quantitative, correlational methods to examine whether leadership styles of entrepreneurs relate to entrepreneurial success in Mexico. The empirical study among Mexican entrepreneurs involved an attempt to bridge the absence of empirical evidence on whether the leadership style of entrepreneurs relates to entrepreneurial success in Mexico. The study included the use of Multifactor Leadership Questionnaire (MLQ) survey as a validated and reliable instrument to assess entrepreneurs’ leadership styles. The study also included chi-square and Spearman correlations to measure the significance of relationship between the independent variables (leadership characteristics profiled in full-range leadership theory) and dependent variables (gross revenues and creation of jobs). Twenty-six participants responded to the survey. Participants were members of Endeavor Mexico who voluntarily completed the MLQ survey, demographic questions, and provided firm outcomes. The study also included the demographics of the entrepreneurs such as age, gender, and education level as control variables. The findings did not reveal any significant relationships between the transformational leadership style measured with MLQ and the firm outcomes.
Dedication: 
The definition of an entrepreneur, in the words of others, is an individual who establishes his or her own business, is a creator of change, generates value, is an opportunity seeker, and assumes responsibility for the success or failure of a venture. Entrepreneurs renovate economies, generate jobs, and accumulate value to societies. This study is dedicated to Mario Mendoza and to all the Mexican entrepreneurs who struggle, lead, and shape the future of Mexico. I also dedicated this study to Ursula, Paola, and Mario, my beloved children. To my husband, who believed in me and guided me to believe in me. To my father, who taught me that those who fly higher might see further. And to my mother, who flaunted the beautiful things in life.
Acknowledgements: 
I would like to acknowledge the persons and organizations that helped me to complete this research study. First, I would like to recognize the support provided by Endeavor Mexico, in particular Pilar M. Aguilar, CEO of Endeavor Mexico, and Enrico Robles. I would also like to acknowledge the support provided by Dr. Jose Antonio Davila from IPADE Business School. Finally, I would like to distinguish the unceasing support of my mentor, Dr. Jim Goes, and my committee members, Dr. Mohammed Miah and Dr. Craig Martin.