Title: Leveraging business experience and knowledge to boost entrepreneurial achievement

Authors: Nathalie Chaanine; Ruba Younes Mhanna; Jean-François Verdie; Richard Beainy

Addresses: USEK Business School, Holy Spirit University of Kaslik, P.O. Box 446, Lebanon ' Notre Dame University-Louaize, Zouk Mosbeh, Lebanon ' TBS Education, 20 Bd. Lascrosses, 31000 Toulouse, France ' USEK Business School, Holy Spirit University of Kaslik, P.O. Box 446, Lebanon

Abstract: The purpose of this study is to establish a correlation between specific organisational factors and entrepreneurial success. The study emphasises the significance of business experience and knowledge in contributing to successful entrepreneurship. The study employs an ANOVA test and multiple regressions to verify the predictive value of variables, using a convenience sample of 314 Lebanese companies. The results of the study indicate that entrepreneurs have a higher success rate when they have an entrepreneur in their family, possess managerial experience, and have unique knowledge. Additionally, the study highlights the importance of working with employees who have unique knowledge, as this can contribute to achieving greater entrepreneurial success. The findings have practical implications for organisations funding companies and individuals planning to start their own businesses. Specifically, this study can provide organisations with valuable insights into the factors that contribute to entrepreneurial success, making it easier to determine one's chances for success. Individuals who are planning to start their own businesses can also benefit from these findings by prioritising the development of specific organisational factors, such as business experience and knowledge, in their entrepreneurial endeavours.

Keywords: entrepreneurial success; unique knowledge; managerial experience; network.

DOI: 10.1504/IJWI.2023.132117

International Journal of Work Innovation, 2023 Vol.4 No.2, pp.104 - 115

Received: 27 Feb 2023
Accepted: 04 Mar 2023
Published online: 11 Jul 2023 *

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