QUESTION 4 (15 Marks) Read the following case extract and answer ALL questions that follow. Grit, defined as passion and perseverance for long-term goals, has attracted attention as a valid predictor of long-term success in various fields and is currently a global topic of discussion for investors, entrepreneurs, managers, leaders, psychologists, and others (Duckworth and Quinn, 2009; Duckworth, Peterson, Matthews and Kelly 2007). Duckworth et al. (2007:1087) defined it as the tendency to sustain interest in and effort toward very long-term goals. It equips individuals to pursue especially challenging aims over years and even decades. The interface between grit and entrepreneurship is an increasing research domain (Baron, 2012; Curtis, 2008; Duckworth et al. 2007; Worrell, 2016). Recent studies suggest that grit is shared by most prominent leaders in many fields. Furthermore, studies suggest that measures of grit are a more accurate predictor of entrepreneurial success than talent, or general indicators of intelligence (Duckworth, Kirby, Tsukayama, Berstein, and Ericsson, 2011; Gleeson, 2016; Lesonsky, 2014). Mr Thabo Botha, a business researcher, has decided to investigate whether there is an association between the grit of Entrepreneur Owner-managers (EOMs) and their attitude to entrepreneurial success in a developing economy like South Africa. Having hypothesised that there is a significant association between grit and attitudes to entrepreneurial success, he is particularly interested in studying the relationship between the grit of individuals who pioneer start-ups in the IT sector and the success of such business endeavours.

4.1.Briefly discuss the aim(s) of Thabos study (3 marks)

4.2.Highlight the significance of Thabos study? (2 marks)

4.3.State Thabos null and alternative hypothesis. (2 marks