The Predictive Assertion of Big-Five Personality Traits (All Factors) on Developing Young and Adults Entrepreneurial Concept Formation/Innovation

Abstract

This study was designed to investigate the predictive assertion of Big-Five personality traits (all factors) on developing young and adults entrepreneurial concept formation/innovation using Big-Five Personality Inventory (BFPI), developed by McCrae & John (1992) and Individual Entrepreneurial Intent Scale (IEIS), developed by Thompson (2009) as measuring tools. A cross sectional survey design was adopted using a sample of 342 developing young and adults accidentally drawn and volunteered, 252 (drawn) from Nnewi, Onitsha, Aba, Umuahia, Owerri and Abakiliki, metropolis of Anambra, Abia, Imo and Ebonyi state of Eastern Nigeria, and 90 (volunteered) from the same metropolis as well. Their age ranged between 25-48 years and average mean age of 34.52 and SD of 12.32. Multiple regression statistical package was used for the data analysis and the results showed that agreeableness (β = .120, t = 2.22, P<.02) and extraversion (β = .148,t = 2.76, p< .02) predicted developing young and adults entrepreneurial concept formation/innovation. Other factors or components of the personality traits (Big-Five): Openness to expression, conscientiousness and neuroticism could not predict developing young and adults entrepreneurial concept formation/innovation. Discussion of the established results was based on the literature reviewed, implication and recommendations were made.