A perspective on leadership in small businesses

Abstract

This study contributes to the understanding of the needs, traits and skills that govern the behavior of leaders of small businesses in Lebanon. The data were collected using a questionnaire that was filled out by 155 owners or managers of small businesses in Lebanon. The results showed that the only significant independent variable pertaining to the success of owners and managers of small businesses was the commitment to attain a standard of excellence. The practical implications underline that the entrepreneurial drive to success of owners and managers of small business is his/her commitment to attain standards of excellence. The originality/value of the research show that all the remaining traits (satisfaction from experiencing success being the first in accomplishing a difficult task, preferring jobs in which they can exercise individual initiatives in solving problems, and desiring frequent, and concrete feedback about their performances) were not correlated with company success