Access Journal

Access to Science, Business, Innovation in the Digital Economy

Personality traits of Latvian IT'S business leaders as a predicator of management style

Published Online: Jul 10, 2024
Views: 766
Downloads: 43
Download PDF

Abstract:
Issues related to developing business ideas are topical and widely discussed in Latvia; assessment of factors of business environment and the financial resources and sources that are necessary for innovative solution have also been widely discussed. A number of measures were taken to improve business environment. The current problem remains topical: how to increase management of human resources and how to promote a social dialogue in the society. The authors conducted the study with the participation of 100 respondents who were managers from Latvian ITC companies. The purpose of the study was to explore personality traits of ITC company executives as a predicator of management style. The study provided the answers to the questions raised, which confirm that personality traits of ITC managers are a predicator of management style. An in-depth study of relationship between personality traits and leadership styles can help colleagues and managers to build trust and to communicate better with each other and to cultivate stronger organizational culture, by taking into account the strengths and weaknesses of every individual employed in the organization. Exploration of predicators of management style allows the manager to occupy a managerial position in the most appropriate structural unit of the organization, thus leading to a promotion of better cooperation and minimization mistakes. As part of this study, a linguistically adapted version of the tests was used as a survey: Big Five Personality Test (BIG 5), Robert Blake & Jane Mouton’s the Managerial Grid. The following methods of statistical processing and analysis of data were applied in the study: descriptive statistics; Kolmogorov-Smirnov criterion in Lilifor's modification; visual analysis of boxplot; Spearman's rank’s correlation coefficient; Kendall correlation coefficient; parametric one-way analysis of variance ANOVA; multiple regression analyses. Data processing for this empirical study was carried out by the use of data processing program SPSS (Statistical Package for the Social Science) version 22.0.
Keywords:
Pages:
426-439
JEL Classification:
011, 0035, Z10, Z13
How to cite:
Dombrovskis, V., Badjanova, J., Guseva, Sv., Capulis, S., Ilisko, Dz. (2024). Personality traits of Latvian IT'S business leaders as a predicator of management style. Access to science, business, innovation in the digital economy, ACCESS Press, 5(3), 426-439, https://doi.org/10.46656/access.2024.5.3(3)
References:
  • Asenov, A., Aleksieva, D., Stoyanova, S., Rusenov, G. (2017). Innovative practices for good management. Scientific research Almanac, 24 (1), 343-372
  • Badjanova, J., Ilisko, Dz., Dombrovskis, V., Guseva, Sv., Capulis, S., & Ignatjeva, S. (2024). Achievement motivation among the Latvian residents of different types professions and occupations. Access to science, business, innovation in the digital economy, 5(1), 21-33, https://doi.org/10.46656/access.2024.5.1(2)
  • Blake, R., & Mouton, J. (1985). The Managerial Grid III. Houston, TX: Gulf
  • Deneva, A., Hristova, V., Pavlov, D., Blazheva, V., Kostov, I., Angelova, D., & Petrova, M. (2022). The Geographical Location as a Limitation for Starting Entrepreneurial Initiatives and Career Development. European Journal of Sustainable Development, 11(3), pp.124-136. https://doi.org/10.14207/ejsd.2022.v11n3p124
  • Forbes, D.P. (2005) Are Some Entrepreneurs More Overconfident Than Others? Journal of Business Venturing, 20, 623-640. https://doi.org/10.1016/j.jbusvent.2004.05.001
  • Goldberg, L. R. (1990). An alternative "description of personality": The Big-Five factor structure. Journal of Personality and Social Psychology, 59(6), 1216–1229. https://doi.org/10.1037/0022-3514.59.6.1216
  • Hirshleifer, D., Low, A. and Teoh, S.H. (2012) Are Overconfident CEOs Better Innovators? The Journal of Finance, 67, 1457-1498. https://doi.org/10.1111/j.1540-6261.2012.01753.x
  • Hogan, R. (2007). Personality and the Fate of Organizations.1st Edition. New York: Psychology Press. https://doi.org/10.4324/9781315089904
  • Jarmusevica, V., Ilisko, D., Badjanova, J., Jukss, V., Petrova, M. (2019). Educating citizens for integrating the strategy of corporate social responsibility for sustainable regional development: the case study. Proceedings of EDULEARN19 Conference 1st-3rd July 2019, Palma, Mallorca, Spain, ISBN 978-84-09-12031-4, pp. 10449-10454, doi: 10.21125/edulearn.2019.2633
  • Khussainova Z, Kankulov M, Petrova M, Assanova M, Zhartay Z, Atabayeva A, Bektleyeva D. (2024). The Potential of Youth and Older People’s Inclusion in the Sustainable Development of the Creative Economy. Sustainability. 2024; 16(10):4095. https://doi.org/10.3390/su16104095
  • Kokemuller, N. (2022). What Personality Types Do Best at Managment? https://work.chron.com/management-core-competencies-defined-24357.html (accessed on 29 December 2023)
  • Lehewych, D. (2010). Why Every Manager Needs To Understand Personality Traits In The Workplace. https://www.workdesign.com/2021/12/why-every-manager-needs-to-understand-personality-traits-in-the-workplace/ (accessed on 29 December 2023)
  • Liang, T., & Mo, X. (2017) Research on the Relationship between Managerial Overconfidence and Corporate R & D Investment in the Context of Financing Constraints. Open Journal of Business and Management, 5, 22-33. doi: 10.4236/ojbm.2017.51003.
  • Linde, I., Petrova, M. (2018) The challenges of formalization and modelling of Higher Education Institutions in the 21st century. CBU International conference proceedings 2018: Innovations in Science and Education, 21.-23.03.2018, pp.303-308, https://doi.org/10.12955/cbup.v6.1173
  • Lipovka, A., Islamgaleyev, A., Badjanova, J. 2021. Innovation capability of women and men managers: evidence from Kazakhstan. Access to science, business, innovation in digital economy, ACCESS Press, 2(1): 91-102. https://doi.org/10.46656/access.2021.2.1(7)
  • Panteleeva, I., Asenov, A. (2020). The Entrepreneurship and Innovation Context in an Integrated Model for the Development of Economies and Enterprises. Economic Archive, (4), 35-51
  • Petrova, M., Tairov, I. (2022). Solutions to Manage Smart Cities’ Risks in Times of Pandemic Crisis. Risks 2022, 10, (12) 240. https://doi.org/10.3390/risks10120240
  • Qadri, A.; Yan, H. (2023). To promote entrepreneurship: factors that influence the success of women entrepreneurs in Pakistan. Access to science, business, innovation in digital economy, ACCESS Press, 4(2), 155-167, https://doi.org/10.46656/access.2023.4.2(1)
  • Ramazanov, S., & Petrova, M. (2020). Development management and forecasting in a green innovative economy based on the integral dynamics model in the conditions of «Industry - 4.0». Access to science, business, innovation in digital economy, ACCESS Press, 1(1), 9-30. https://doi.org/10.46656/access.2020.1.1(1)
  • Robbins, S., P., & Judge, T., A. (2018). Essentials of Organizational Behavior 14th. edition. Pearson Education, Inc., London
  • Singh, H.R., & Rahman, H. (2013). Entrepreneurs’ personality traits and their success: an empirical analysis. TIJ's Research Journal of Social Science & Management - RJSSM, 3
  • Uteubayev, T., Petrova M.M., & Lyubenova, I. (2018). Training of qualified specialists in the process of their education at the university: the role of the public-private partnership. CBU International conference proceedings 2018: Innovations in Science and Education, 21.-23.03.2018, pp.491-495. ISSN 1805-997X (Print), eISSN 1805-9961. https://doi.org/10.12955/cbup.v6.1203
  • Zagorodnya, A., Chernukha N., Petrova, M. (2020). Contemporary trends of professional training specialists in the economic field at higher education institutions of Poland and Ukraine. Strategies for Policy in Science and Education, Volume: 28, Issue: 3, pp. 249-260

Publish your science journal

If you like ACCESS journals system, you can publish your journal with us at a reasonable price