The relationship between the entrepreneurial personality and the Big Five personality traits

Although meta-analyses show that the Big Five personality traits predict business intention, creation, and success (Brandstätter, 2011), they also indicate that narrow personality traits, such as innovativeness, predict these outcomes better than broad traits, such as Conscientiousness and Extraversion (Rauch & Frese, 2007). The current study extends previous research to examine the relationship between the Big Five and a wider range of entrepreneurial outcomes (e.g. founding charitable organisations, organising events, and changing organisational practices). Additionally, it establishes the incremental validity of a narrow measure of entrepreneurial personality over the Big Five (META, Ahmetoglu, Leutner, & Chamorro-Premuic, 2011). Both the Big Five and META significantly predict various forms of entrepreneurial success, though META does so more consistently. This suggests that narrow personality traits have incremental validity in predicting entrepreneurial success vis-à-vis the Big Five. Theoretical and applied implications are discussed.