144 results on '"Entrepreneurial orientation"'
Search Results
2. Attaining sustainable business performance under resource constraints: Insights from an emerging economy.
- Author
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Abid, Nabila, Ceci, Federica, and Aftab, Junaid
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ORGANIZATIONAL performance ,EMERGING markets ,BUSINESSPEOPLE ,STRUCTURAL equation modeling ,TECHNOLOGICAL innovations ,SMALL business ,ENTERPRISE resource planning - Abstract
Rapid economic growth, intense competition, and rising environmental concerns are compelling businesses to attain sustainable performance and preserve long‐run interests. Considering the lack of EO in small and medium enterprises (SMEs) in the emerging context of Pakistan, the present study investigates the impact of entrepreneurial orientation (EO) on sustainable business performance (economic, environmental, and social) by drawing perspective from dynamic capabilities and resource‐based views. The mediating role of innovation capabilities between EO‐sustainable performance and the moderating effect of technology dynamism on the EO‐innovation capabilities link is also examined. Data from 408 Pakistani SMEs was analyzed using the structural equation modeling. The findings reveal a direct positive influence of EO on sustainable performance. Furthermore, innovation capabilities are found to mediate the EO‐sustainable performance relationship, while technology dynamism positively moderates the EO‐innovation capabilities link. These results emphasize the importance of aligning EO with innovation capabilities to adapt to technological changes in the industrial regime. The theoretical contributions emphasize the importance of promoting EO‐innovation capabilities. Practical contributions imply that entrepreneurs should create an enabling environment that fosters innovation capabilities within SMEs to enhance sustainable performance, especially in resource‐constrained emerging settings. The study also offers researchers a foundation for further investigations in this area. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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3. Examining the role of intellectual capital in maturing sustainable competitive advantage through enkindling innovations in SMEs: the moderating role of entrepreneurship-orientation.
- Author
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Alshahrani, Mohammed Awad, Yaqub, Muhammad Zafar, and Alabdali, Mahmoud Abdulhadi
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INTELLECTUAL capital , *SMALL business , *COMPETITIVE advantage in business , *STRUCTURAL equation modeling , *STRUCTURAL models , *EMERGING markets - Abstract
Purpose: Based on the intellectual capital (IC) theory and the resource-based view (RBV), the paper seeks to elucidate the direct and indirect relationships between IC and competitive advantage in small and medium enterprises (SMEs). Therewithal, besides examining the mediating role of innovation capabilities in the IC-competitiveness link, it scrutinizes the moderating effect of entrepreneurial orientation in causing IC to boost competitiveness in SMEs through flourishing innovation capabilities. Design/methodology/approach: Data were collected from 206 participants working in SMEs operating in the Kingdom of Saudi Arabia with the help of a structured questionnaire distributed through LinkedIn. Partial least square (PLS)-based structural equation modeling (SEM) using SmartPLS 4.0 has been performed to calibrate the auxiliary and structural models. Findings: Based on the empirical analysis, IC significantly and directly enhances the competitive advantages of SMEs. Additionally, innovative capability has been found to be a complementary partial mediating condition in enabling IC to foster competitiveness in SMEs. Furthermore, the moderated mediation analysis reveals that innovation capabilities strongly mediate the association between IC and competitiveness in SMEs, characterizing higher entrepreneurial orientation. Research limitations/implications: The study provides significant insights to academicians and practitioners seeking to comprehend or configure interactions among IC, innovation capabilities, and entrepreneurial orientation in maturing competitiveness among SMEs, especially in emerging economies. Furthermore, the study provides a valuable integrative perspective on SMEs' competitiveness by involving three voguish constituents of contemporary scholarly discourse grounded into the leading underpinning theoretical perspectives, such as IC theory, RBV, and entrepreneurship theory. Originality/value: The uniqueness of this model lies in its rich theory-laden conceptualization and explanation that could extend theoretical debate and managerial action to the next levels. [ABSTRACT FROM AUTHOR]
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- 2024
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4. Entrepreneurial orientation, sustainability practices and performance of small and medium enterprises: evidence from an emerging economy.
- Author
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Akomea, Samuel Yaw, Agyapong, Ahmed, Ampah, Godwin, and Osei, Hannah Vivian
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SMALL business ,EMERGING markets ,STRUCTURAL equation modeling ,SUSTAINABILITY ,CHIEF executive officers - Abstract
Purpose: Despite the growing scholarly interest in examining entrepreneurial orientation (EO)-performance link, the results have been inconsistent. However, studies have not explored firm-level and external factors that may serve as mechanisms or boundary conditions to explain this relationship. Therefore, the purpose of the study is to examine how and when EO influences performance by incorporating sustainability practices as a mechanism and competitive intensity as an important contingent factor. Design/methodology/approach: Using primary data obtained from 323 chief executive officers/entrepreneurs, the authors analyzed the data using structural equation modeling in LISREL and Hayes PROCESS in SPSS. Findings: The authors found that sustainability practices serve as a mechanism through which EO influences small and medium enterprises' (SMEs) performance. The study further revealed that the relationship between EO and sustainability practices is weakened at high levels of competitive intensity. Still, the relationship between EO and performance through sustainability practices remains strengthened when competitive intensity is present at high levels. Originality/value: This study contributes to the literature by examining how SMEs who are less endowed with resources can engage in sustainability practices that can match large firms with stronger EO to achieve increased performance. Additionally, the study contributes to the literature by examining the mediating effect of sustainability practices in the EO-performance relationship. Finally, the study contributes to the body of literature by testing how competitive intensity presents as a boundary condition to leverage the relationship between EO and performance. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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5. Does resource bricolage foster SMEs' competitive advantage and financial performance? A resource‐based perspective.
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Abid, Nabila, Dowling, Michael, Ceci, Federica, and Aftab, Junaid
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FINANCIAL performance ,COMPETITIVE advantage in business ,SMALL business ,EMERGING markets - Abstract
Small and medium‐sized enterprises (SMEs) in emerging economies strive to achieve and sustain their financial and competitive positions in a dynamic resource‐constrained environment. The concept of resource bricolage has received little attention in the literature on emerging economies. To fill this gap, we draw perspectives from the resource‐based view to examine the impact of resource bricolage on the competitive advantage and financial performance of SMEs in Pakistan. We argue that organizational innovativeness functions as a mediator in the relationship between resource bricolage, financial performance, and competitive advantage, while entrepreneurial orientation simultaneously moderates the relationship between resource bricolage and organizational innovativeness. We collected data from 398 SMEs in Pakistan and analyzed these relationships using the partial least squares method. Our results suggest that resource bricolage effectively promotes the financial performance of SMEs and helps them gain a competitive advantage. The relationship is mediated by organizational innovativeness, which accelerates financial performance and competitive advantage. Entrepreneurial orientation moderates the resource bricolage–organizational innovativeness relationship, but it is only effective when a high level of resource bricolage is in place. Our study suggests that SMEs operating under similar socioeconomic environments must efficiently focus on resources embedded in the firm and utilize them to achieve competitive advantage and enhance financial performance. Our study highlights the critical need for research on organizational innovativeness in emerging contexts and proposes significant theoretical and managerial implications. [ABSTRACT FROM AUTHOR]
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- 2023
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6. Market opportunities impact on SME's entrepreneurial behavior: study on entrepreneurial orientation in North Macedonia.
- Author
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Gjorevska, Elena
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SMALL business ,BUSINESSPEOPLE ,EMERGING markets ,DEVELOPING countries - Abstract
Despite being acknowledged as the primary catalyst for economic development, entrepreneurship in emerging markets contends with multiple constraints. The availability of unexploited business opportunities certainly raises the entrepreneurial potential of Small and Medium Enterprises (SMEs). Entrepreneurial orientation strategy strongly supports SMEs to improve their position in the market by instilling the courage to explore new prospects and take risks, promote innovation, act proactively on the market, and establish autonomy and competitive aggressiveness as norms in their operations. This research focuses on the entrepreneurial orientation approach as a key firm-level phenomenon and its influence on business performance in emerging markets. More specifically, the study elaborates on SMEs' risk-taking, innovativeness, pro-activeness, autonomy, and competitive aggressiveness under the moderating influence of unexploited opportunities. A multiple-case study technique was used to develop the five propositions generated from the conceptual framework of the study. Six companies operating in the private healthcare sector in North Macedonia actively participated in the research, contributing a substantial body of data. According to the study findings, the unexploited opportunities have a reasonably large effect on SMEs' entrepreneurial orientation activities and corresponding performance. Nonetheless, despite the hostile entrepreneurial environment, SMEs have demonstrated boldness in taking risks, initiating innovation, and continuity in taking proactive actions in the private healthcare industry. [ABSTRACT FROM AUTHOR]
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- 2023
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7. Entrepreneurial orientation, CEO power and firm performance: an upper echelons theory perspective
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Abrar AliSaiyed, Tatoglu, Ekrem, Ali, Salman, and Dutta, Dev K.
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- 2023
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8. The Performance of Active Businesses in an Emerging Economy: The Role of Entrepreneurial Approach, Strategic Flexibility, and Business Model Innovation.
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Akbari, Mohsen and Beigi, Shahrokh
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INNOVATIONS in business ,BUSINESS models ,EMERGING markets ,ORGANIZATIONAL performance ,EVIDENCE gaps ,COMPETITIVE advantage in business - Abstract
This research aimed to investigate the role of entrepreneurial orientation (EO), strategic flexibility (SF), and business model innovation (BMI) in the performance of small and medium-sized enterprises (SMEs) through the mediating variable of sustainable competitive advantage (SCA). The study was applied in terms of objective and descriptive-survey in terms of nature. A number of SMEs in Tehran province were selected as the statistical population. The sample size was calculated using G-Power software as 244 people. In this regard, 185 responses were collected from participants through an online survey and a simple random sampling method. Data analysis was carried out through Smart PLS 3. The findings revealed that EO, BMI, and SF enhanced the performance of SMEs. The present research extends the management literature by filling research gaps. Nowadays, companies need to change their obsolete strategies to be capable of understanding and meeting customer preferences faster and more competitively than other competitors in a highly competitive arena. Adopting EO, SF, and BMI improves the performance of SMEs and at the same time assists managers in improving the performance of their businesses in dynamic environments. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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9. Business group affiliation and entrepreneurial orientation: Contingent effect of level of internationalization and firm's performance.
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Purkayastha, Anish and Gupta, Vishal K.
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ORGANIZATIONAL performance ,GLOBALIZATION ,ORGANIZATIONAL governance ,EMERGING markets ,PANEL analysis ,CONTINGENT employment - Abstract
This paper explores effect of business group affiliation on entrepreneurial orientation of the affiliated firms. Building on the argument that organizational and governance structure influence entrepreneurship, we argue that despite some potential advantage that business group affiliation has on a firm through intermediate market filling roles, the entrenchment behavior of business groups discourages entrepreneurial orientation of affiliated firms. Taking a firm-specific contingent perspective we also posit that the level of internationalization of a firm and its performance helps to alleviate- even counter–the negative influence of business group affiliation on the firm's entrepreneurial orientation. We find support for our predictions in a longitudinal data set of 419 Indian firms for the period from 2006 to 2019. The implications and directions for future research are discussed in the context of business group affiliation in emerging economies. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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10. Entrepreneurial orientation, CEO power and firm performance: an upper echelons theory perspective.
- Author
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Saiyed, Abrar Ali, Tatoglu, Ekrem, Ali, Salman, and Dutta, Dev K.
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ORGANIZATIONAL performance ,DIVERSIFICATION in industry ,CHIEF executive officers ,PANEL analysis ,EMERGING markets ,REGRESSION analysis - Abstract
Purpose: Adopting insights from the upper echelons theory, this study aims to investigate the relationship between entrepreneurial orientation (EO) and firm performance under the contingent influence of chief executive officer (CEO) power. Design/methodology/approach: Data were collected from a sample of large publicly-traded Indian software firms using the Prowess Database of Center for Monitoring Indian Economy (CMIE). Panel data regression analysis was used to test the study's hypotheses. Findings: The results indicate that EO has an inverted U-shaped relation with firm performance. Strong support is also found for a negative moderating influence of CEO power on the inverted U-shaped relationship between EO and firm financial performance, suggesting that powerful CEOs eventually harm entrepreneurial firms. Practical implications: The study encourages firms to have entrepreneurship orientation, but at a moderate level, to get the maximum benefit of EO. The study also explains to managers to what extent CEO power drives EO. Originality/value: The study contributes to the intersection of corporate entrepreneurship and upper echelons theory. The study shows that CEO power negatively affects the EO and firm's performance relationship. This study holds important insights for managers of entrepreneurial firms, especially in international contexts and emerging markets. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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11. The impact of entrepreneurial orientation on innovation performance: A study on micro, small and medium-sized enterprises (MSMEs) in the Colombian Caribbean.
- Author
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Pozzo, Danielle Nunes, Roa, Isamar Gutierrez, Beleño, Carlos Alfonso Gonzalez, Orfale, Hussein Jaafar, Gomez, Aníbal José Rueda, and Guerrero, Vladimir Cudris
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SMALL business ,TECHNOLOGICAL innovations ,PERFORMANCE theory ,EMERGING markets - Abstract
Traditionally, innovation system literature favors studies of well-functioning economies and innovation in high-technology sectors. In emerging economies, such as Latin America, a significant number of gaps is still found, especially in terms of understanding behaviors towards innovation and how these attitudes might impact the innovation outputs. Based on this scenario, the present study aims to measure how entrepreneurial innovation - a multidimensional construct formed by innovativeness, proactiveness and risk taking - impacts on innovation performance. This study adapts the model of Sheppard (2023), originally applied to a Canadian multi-sectoral sample, to an also multi-sector group located in the Caribbean region of Colombia. A translated questionnaire was applied to 154 companies. A total of 123 micro, small and medium-sized enterprises (MSMEs) valid cases was considered for analysis. Results show significant impact of entrepreneurial orientation on innovation performance, confirming initial hypothesis. The impact of environmental dynamism presents diverse data that needs to be further analyzed and 'slack resources' were found as a statistically significant antecedent to innovation performance. The limitation to measure growth due to restrictions in data access is an important future opportunity to expand the analysis, allowing full comparison to the original model. [ABSTRACT FROM AUTHOR]
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- 2023
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12. Strategic Approach to Configurational Analysis of Entrepreneurial Orientation, Strategic Networking, and SME Performance within Emerging Markets of Selected Southeast European Countries.
- Author
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Milovanović, Bojan Morić, Grčić Fabić, Mirjana, and Bratić, Vjekoslav
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SMALL business ,EMERGING markets ,ORGANIZATIONAL behavior ,ORGANIZATIONAL performance - Abstract
The beneficial relationship of entrepreneurial orientation with performance has been extensively acknowledged in the literature. However, empirical evidence is not straightforward and requires consideration of the interplay of different variables, context, and rationales through which this causal complexity of the performance-enhancing mechanism of entrepreneurial orientation influences firm performance. In this paper we examine the way the entrepreneurial behavior of the organization unfolds and affects performance through specific configurations resulting from the simultaneous interaction of strategic networking and dynamic environment in the setting of Southeast European SMEs. We apply hierarchical regression to a sample of 963 small and medium-sized enterprises. Empirical findings provide support for applying the configurational approach and show that companies of high entrepreneurial orientation and high strategic networking operating in a dynamic environment achieve the highest effect on a business performance. Research results further indicate that strategic networking is a mechanism that achieves the greatest efficiency in a dynamic environment and with the presence of a firm's entrepreneurial orientation. According to the research results, implications for research and practice are suggested. [ABSTRACT FROM AUTHOR]
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- 2023
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13. U-SHAPED RELATIONSHIP IN INTERNATIONAL ENTREPRENEURSHIP: ENTREPRENEURIAL ORIENTATION AND INNOVATION AS DRIVERS OF INTERNATIONALISATION OF FIRMS.
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WACH, Krzysztof, MACIEJEWSKI, Marek, and GŁODOWSKA, Agnieszka
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TECHNOLOGICAL innovations , *ENTREPRENEURSHIP , *EMERGING markets , *INNOVATIONS in business , *BUSINESS enterprises , *DESCRIPTIVE statistics - Abstract
This article aims to identify and verify the relationship between entrepreneurial orientation and innovation of internationalised firms from Poland as a former emerging market. The article assesses this relationship in terms of the internationalisation scope. We adopted a quantitative research design and conducted a CATI survey on a sample of 355 firms operating in Poland. To verify the various assumed relationships, we used statistical instruments, including descriptive statistics and simple linear regression. Entrepreneurial orientation influences the innovations of internationalized firms. The impact depends on the scope of internationalization and is U-shaped. The impact of entrepreneurial orientation on innovation is greater for firms with large and small scope of internationalization. A relatively lower impact of entrepreneurial orientation on innovation is visible for firms with a moderate scope of internationalization. The study is an original contribution to the literature. Firstly, we perceive entrepreneurial orientation as a variable that can determine corporate innovation. Secondly, most of the empirical research to date focuses on highly developed markets. Firms that go beyond the borders of emerging markets see internationalization as a way of gaining experience, learning, and an opportunity to improve their innovative capacity. Thirdly, the study contributes to the development of theories combining entrepreneurial orientation with innovation by applying a new concept of a U-shaped curve. [ABSTRACT FROM AUTHOR]
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- 2022
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14. Strategic Orientation and Sustainable Competitive Performance of Family Firms: Evidence of an Emerging Economy.
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Khan, Rizwan Ullah, Salamzadeh, Yashar, Abbasi, Munir A., Amin, Ali, and Sahar, Noor E.
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FAMILY-owned business enterprises ,EMERGING markets ,SMALL business ,ORGANIZATIONAL performance ,ORGANIZATIONAL structure - Abstract
This study tried to shed light on the relationship between strategic orientations and sustainable competitive performance with the mediating effect of strategic flexibility of family-owned SMEs in an emerging economy. This study is significant because family firms need a more flexible and quick organizational structure to respond effectively to external market demands. For achieving fruitful insights, data was collected from family-owned manufacturing firms operating in Islamabad and Rawalpindi verified from Small and Medium-sized Enterprises Development Authority (SMEDA). In addition, structured questionnaires were used to collect the data from top management through an online source; for testing the hypotheses, Smart PLS-SEM was deployed. The finding suggests that strategic flexibility firmly explains the mechanism to support the relationship between both strategic orientations (entrepreneurial and market) and sustainable competitive performance. Thus, our study suggests several recommendations to the policymaker and governmental bodies to support the family-owned firms in modifying existing resources according to the market demand. [ABSTRACT FROM AUTHOR]
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- 2022
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15. How Social Capital Activates Entrepreneurial Orientation, Access to Government support policies, and SMEs Performance in an Emerging Market Amidst Covid-19.
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Zaato, Solomon Gbene, Ismail, Mohammad, Uthamaputhran, Sathiswaran, Saufi, Roselina Ahmad, Thoti, Kiran Kumar, Owusu-Ansah, Wilberforce, and Owusu, Joseph
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SOCIAL capital ,RISK-taking behavior ,GOVERNMENT aid ,EMERGING markets ,GOVERNMENT policy ,COVID-19 ,COVID-19 pandemic - Abstract
In a crisis like Covid-19, SME/firms' ability to execute business activities via internal and external social capital networks would undoubtedly boost their entrepreneurial orientation (EO), access to support, and enhance performance. This study bridges the gap on how social capital activates SMEs entrepreneurial orientation, access to government support policies (GSPs), and performance in emerging markets amidst Covid-19. We received questionnaires from 369 firm-owners via a simple sampling technique, and the data was analyzed using PLS-SEM software. The findings show that social capital, access to government assistance policies, and proactiveness influence SME performance, but not innovation or risk-taking. Similarly, social capital significantly impacts access to GSPs, innovativeness, proactiveness, and risktaking. The study resonates with the need for firms to focus more on their social capital and utilize it to devise strategies to enhance their chances of attaining support from the government, friends, relations, and other institutions to augment their EO and performance during and after this Covid-19 pandemic. Our study's novelty is also that it expanded the use of the social capital and resource base view theories of SMEs in developing countries, particularly in pandemics. Finally, we provided suggestions for SMEowners, policymakers, and further researchers. [ABSTRACT FROM AUTHOR]
- Published
- 2022
16. Entrepreneurial orientation, knowledge acquisition and collaborative performance in agri-food value-chains in emerging markets
- Author
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Dung, Truong Quang, Bonney, Lawrence Bryan, Adhikari, Rajendra P., and Miles, Morgan P.
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- 2020
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17. The interplay of entrepreneurial orientation, total quality management, and financial performance.
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Veselinović, Ljiljan, Kulenović, Mirza, Turulja, Lejla, and Činjarević, Merima
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TOTAL quality management ,FINANCIAL performance ,ORGANIZATIONAL performance ,EMERGING markets - Abstract
This study strives to explore the nexus between entrepreneurial orientation (EO), total quality management (TQM), competitive intensity (CI) and firm performance in the context of an emerging laggard economy in the South-Eastern European region. Moreover, the present study aims to examine the effect of each dimension of EO (innovativeness, proactiveness, and risk-taking) on the TQM and firm performance. The proposed conceptual model and research hypotheses were tested through structural equation modelling (SEM). Our results show that TQM partially mediates the relationship between EO and firm performance and that as the intensity of competition increases, the direct effect of EO on firm performance becomes stronger. Thus, this study contributes to the EO and TQM literature by arguing that EO as a strategic orientation is positively related to firm performance outcomes through the mechanism of TQM practices. Moreover, this study adds to the current literature by revealing that the effectiveness of the synergetic effect of EO and TQM of firm performance outcomes is contingent on the market environment conditions (i.e. competitive intensity). Regarding the relative importance of EO dimensions, findings indicate that innovativeness and proactiveness are vital pillars of organisational processes aimed at developing TQM practices to enhance firm performance outcomes. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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18. Social capital and individual entrepreneurial orientation: innovativeness, proactivity, and risk-taking in an emerging economy.
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Corrêa, Victor Silva, Queiroz, Maciel M., and Shigaki, Helena Belintani
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EMERGING markets ,SOCIAL capital ,SOCIAL influence ,SEMI-structured interviews ,ENTREPRENEURSHIP education ,EMPIRICAL research - Abstract
Purpose: This paper investigates if and how entrepreneurs' social capital influences their individual entrepreneurial orientation attributes (innovativeness, proactiveness, and risk-taking). Design/methodology/approach: The research method adopted is an exploratory multiple case study. The case chosen is that of an emerging and under-examined entrepreneur, the religious entrepreneur. The study investigates 20 pastors responsible for small enterprise-churches in Brazil. Findings: Social capital influences individual entrepreneurial orientation, being characterized by a relative paradox. The networks must be dense enough to stimulate entrepreneurs' individual entrepreneurial orientation but not be so dense as to harm innovativeness, proactivity and risk-taking. Further, data show that individual entrepreneurial orientation influences social capital. Research limitations/implications: One limitation relates to the semi-structured interviews' restricted use. A second limitation is associated with the recognition of churches only as productive enterprises. Practical implications: This article suggests the significance of incorporating both themes in entrepreneurial education and training programs. It also stresses the appropriateness of religious entrepreneurship as an empirical research field for business scholars. Originality/value: The contributions are fivefold. First, the authors build exploratory theoretical propositions on the influence of social capital on individual entrepreneurial orientation. Second, they highlight the significance of dense networks for individual entrepreneurial orientation, expanding the literature that supports the relevance of cohesive networks solely to the construct's organizational dimension. Third, the authors suggest that a relative paradox may characterize individual entrepreneurial orientation. Fourth, the authors suggest the existence of recursion between both constructs. Finally, this study is one of the first to examine social capital and individual entrepreneurial orientation, considering innovativeness, proactivity, and risk-taking, which represents a neglected field in benchmarking studies. [ABSTRACT FROM AUTHOR]
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- 2021
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19. DEVELOPING FIRM-LEVEL FRUGAL INNOVATION CAPABILITY IN EMERGING MARKETS - STRATEGIC IMPACT OF ENTREPRENEURIAL AND MARKETING ORIENTATIONS.
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Shivdas, Avinash and Sivakumar, Soumya
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BUSINESSPEOPLE ,EMERGING markets - Published
- 2022
20. Assessing the impact of corporate entrepreneurship in the financial performance of subsidiaries of Colombian business groups: under environmental dynamism moderation.
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Rodríguez-Peña, Antonio
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FINANCIAL performance ,GREEN movement ,EMERGING markets ,ENTREPRENEURSHIP ,STRUCTURAL equation modeling - Abstract
Corporate entrepreneurship creates opportunities in employment, technological advances, value creation, and cultural transformation for entrepreneurial ecosystems, entrepreneurs, governments, economies, and society around the globe. The purpose of this study is to assess the impact of corporate entrepreneurship on the financial performance of subsidiaries in Colombian business groups under the moderating effect of the environmental dynamism, because the relationship between corporate entrepreneurship and financial performance in emerging economies must differ from developed economies. Using a cross-sectional structural equation modeling analysis, this study assessed the impact of entrepreneurial orientation and corporate venturing on the firm financial performance of 87 subsidiaries of Colombian business groups at different levels of environmental dynamism. This study also confirms that the relationship between corporate entrepreneurship and performance is context-dependent and that entrepreneurial orientation has a strong and positive causal relationship with corporate venturing. Additionally, subsidiaries of Colombian business groups increase their financial performance when also does the entrepreneurial orientation, and decrease financial performance when so does corporate venturing. Furthermore, the results show that environmental dynamism does not have a moderating effect on the relationship between corporate entrepreneurship of subsidiaries in Colombian business groups and their performance. This paper would contribute to important areas in Latin America business, where such studies are scarce. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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21. Entrepreneurial orientation, environmental characteristics, and business model innovation: a configurational approach.
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Su, Jingqin, Zhang, Shuai, and Ma, Huanhuan
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INNOVATIONS in business ,BUSINESS models ,BUSINESS conditions ,EMERGING markets ,COEVOLUTION - Abstract
Research in entrepreneurship has shown that business model innovation is an outcome of the co-evolution of enterprises and their environments. However, little attention has been focused on the complex interactions among its antecedents and how these interactions drive business model innovation. To fill this gap, this study draws upon a configurational framework, and proposes that business model innovation does not depends on a single condition, but rather on interactions between entrepreneurial orientation and environmental characteristics. Building on a fuzzy-set qualitative comparative analysis of 68 platform enterprises in China, this study found that innovativeness orientation is a necessary condition for business model innovation and five sufficient configurations could impel business model innovation. These five configurations could be grouped into three first-order equifinal solutions, which are labelled as 'pathfiner', 'warrior', and 'front-runner', respectively. In different solutions, risk-taking, proactiveness, and various environmental characteristics have a contingent relationship with business model innovation. These findings add to the research stream regarding entrepreneurial orientation as a multidimensional construct and highlight the advantages to explore multiple antecedents from a configurational perspective. Accordingly, this study also offers several practical implications for platform enterprises in emerging markets to innovate their business models and to deal with resource constraints and environmental dynamism. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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22. Is exploring dynamic capabilities important for the performance of emerging market firms? The moderating effects of entrepreneurial orientation and environmental dynamism.
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Park, Byung Il and Xiao, Shufeng (Simon)
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EMERGING markets ,BUSINESS enterprises ,PERFORMANCES - Abstract
In spite of the prominence of dynamic capabilities (DCs) perspective it is still unclear whether and under what conditions DCs contribute to firm performance. This study develops and tests an interactive view emphasizing the moderating effects of internal entrepreneurial orientation and external environmental dynamism on the contribution of the exploration of emerging market firms' (EMFs) DCs to their performance. Using a unique sample of manufacturing firms in China's emerging market, the study provides general support for such moderating effects. We find that exploring the DCs of EMFs is positively associated with their performance. The results indicate that although exploring DCs fosters the performance of EMFs, the benefits are conditional on the internal and external conditions of the firms. That is, entrepreneurial orientation strengthens, whereas environmental dynamism impedes, the positive effect of exploring DCs on the performance of EMFs. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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23. ENTREPRENEURIAL ORIENTATION, SYNERGY AND FIRM PERFORMANCE IN THE AGRIBUSINESS CONTEXT: AN EMERGING MARKET ECONOMY PERSPECTIVE.
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Kruja (Demneri), A.
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CAPITALISM ,EMERGING markets ,AGRICULTURAL industries ,STRUCTURAL equation modeling ,VALUE creation - Abstract
Entrepreneurship researchers have called for more investigation on the contribution of context in advancing entrepreneurship theory. The aim of the paper is to analyse the agribusiness enterprise performance by introducing collaborativeness as a dimension of entrepreneurial orientation. Agribusiness is a key regional sector representing a crucial ratio of employment, economic production. and future growth. Due to the sector's importance and the many challenges it faces, the impact of a synergy approach entrepreneurial orientation model on agribusiness performance is tested. Structural equation modelling is used to test data collected from 120 agribusinesses located in Albania. Study results show collaborativeness as a dimension of the extracted entrepreneurial orientation model which provides a synergy between the actors of entrepreneurial value creation and has a significant direct contribution to enterprise performance. Implications for Central European audience: Even though the results are related to agribusinesses in Albania, the findings of this research may advocate that to enhance enterprise performance in fragile sectors and emerging economy markets, the synergy among the value creation actors of the entrepreneurial process is a necessity. Besides the theoretical implications, this study has also some practical implications for policymakers, entrepreneurs and researchers. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
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24. THE (NON)SYNERGISTIC EFFECT OF INNOVATIVENESS AND ENTREPRENEURIAL ORIENTATION IN BUSINESS PERFORMANCE.
- Author
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Perin, Marcelo G., Simões, Cláudia, and Sampaio, Cláudio H.
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BUSINESS success ,EMERGING markets - Published
- 2020
25. Entrepreneurial orientation, intellectual capital, IT capability, and performance.
- Author
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Khan, Najib Ullah, Shuangjie, Li, Khan, Sher Zaman, and Anwar, Muhammad
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INTELLECTUAL capital ,STRUCTURAL equation modeling ,VALUE creation ,EMERGING markets ,FINANCIAL performance - Abstract
Multiple tangible and intangible determinants affect the survival and success of a small and medium enterprise (SME). In turbulent markets, however, compared to exogenous effects, a firm's internal capabilities are seen as major sources of economic value creation and sustainable competitive advantage. This study empirically examines the effects of pivotal internal capabilities, namely entrepreneurial orientation, information technology (IT) capability, and intellectual capital (IC), on the financial and non-financial performance of SMEs that operate in the emerging market of Pakistan. Data were collected through self-reported questionnaires, from a sample size of 307 SMEs. The study hypotheses were tested through the structural equation modelling (SEM) technique of AMOS 21. The statistical results show entrepreneurial orientation, IT capability and intellectual capital as significant contributors to both financial and non-financial performance. Despite its limitations, the study offers both future-research directions and policymaking recommendations for practice. Namely each SME ought to focus on self-developing those internal capabilities that render sustainable its competitive posture. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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26. Entrepreneurial orientation and performance of SMEs: the roles of marketing capabilities and social media usage
- Author
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Nik Mohd Hazrul Nik Hashim, Andel Hopi Candra, Mohammad Enamul Hoque, Nor Liza Abdullah, Najeeb Ullah Shah, and Perengki Susanto
- Subjects
Data collection ,Coronavirus disease 2019 (COVID-19) ,Strategy and Management ,Entrepreneurial orientation ,Economics, Econometrics and Finance (miscellaneous) ,Social media ,Business ,Business and International Management ,Marketing ,Emerging markets ,Competitive advantage ,Nexus (standard) ,Unit of analysis - Abstract
Purpose Small and medium-sized enterprises (SMEs) are an important contributor to emerging countries’ economic growth. However, SMEs have been struggling to sustain their performance in a highly competitive environment. Thus, this study aims to re-examine the effect of SMEs’ entrepreneurial orientation (EO) on firms’ performance during the COVID-19. This study has also studied the moderating role of social media usage and the mediating role of marketing capabilities and social media usage. Design/methodology/approach This study used a structured questionnaire for data collection, where the unit of analysis was the manager or owner of SMEs. The data were analyzed using partial least square-structural equation modeling. Findings The findings show that an EO has a significant and positive effect on an SME’s performance, but the outcomes are conditional on the role of social media and marketing capabilities. The empirical results reveal that marketing capabilities significantly mediate the relationship between EO and SME performance. In addition, social media usage moderates the relationship between EO and SME performance and it also partially mediates the EO-performance nexus of SMEs. Finally, this study discovers that the EO-Performance nexus of SMEs is serially mediated by social media usage and marketing capabilities. Research limitations/implications This study has important implications for SMEs that are seeking to gain a competitive advantage. For example, an SME should deploy market activities through social media channels. In situations such as a pandemic and uncertainty, this could be the most effective tool. Originality/value This study builds a theory-based mediation-moderation model to explain the link between EO and SME performance. In explaining mediation-moderation effects, the current study provides insight into EO-performance relationships. Moreover, the current model facilitates exploring whether serial mediation passes through social media usage and market capabilities. Therefore, with new findings, the study extends the literature on serial mediation in the EO-performance of SMEs. Additionally, this study extends the literature on the moderating role of social media on SMEs in Indonesia, which has not been investigated. Besides, the current study adds new insight into the EO-performance of SME in COVID-19 condition.
- Published
- 2021
27. A strategic entrepreneurship framework for an emerging economy: reconciling dynamic capabilities and entrepreneurial orientation
- Author
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Mir Dost, Muhammad Bilal Mustafa, and Irfan Saleem
- Subjects
Entrepreneurship ,Business concept ,Strategy and Management ,Entrepreneurial orientation ,Economics, Econometrics and Finance (miscellaneous) ,Top management ,Context (language use) ,Business ,Business and International Management ,Dynamic capabilities ,Emerging markets ,Industrial organization - Abstract
Purpose This study aims to use dynamic capability theory to investigate the effect of entrepreneurial orientation and dynamic capabilities (DC) on the firm’s entrepreneurial performance through strategic entrepreneurship (SE). Design/methodology/approach To address the research objective, the authors obtained data from larger organisations operating in an emerging Pakistani economy. Findings Findings reveal that, in emerging markets, DC are essential elements that influence the organisation’s opportunity-seeking and advantage-seeking behaviours to ensure the firm’s entrepreneurial performance. Research limitations/implications The present study implies that training is needed for the managers and team leaders of emerging market corporates to think entrepreneurially by revising the strategic goals of the corporate. Practical implications SE-based executive training should also be compulsory for the top management teams, including the board of directors for larger firms. Social implications SE is a critically important business concept and should be taught in the emerging market’s business schools as a course at the graduate level. Originality/value This paper strengthens entrepreneurship literature by using a unique context of an emerging market and suggests a unique SE-based framework for the firms operating in emerging markets.
- Published
- 2021
28. Effects of entrepreneurial orientation, social media, and innovation capabilities on SME performance in emerging countries: a mediated–moderated model
- Author
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Gu Gui Fang, Dragana Ostic, Syed Mir Muhammad Shah, Sikandar Ali Qalati, and Manzoor Ali Mirani
- Subjects
ComputingMilieux_THECOMPUTINGPROFESSION ,Carry (investment) ,Strategy and Management ,Entrepreneurial orientation ,Social media ,Business ,Management Science and Operations Research ,Marketing ,Emerging markets - Abstract
Improvement in social media (SM) platforms and their ability to enable small and medium-sized enterprises (SMEs) to reach a large audience has led to changes in how entrepreneurial firms carry out ...
- Published
- 2021
29. Board Effectiveness, Entrepreneurial Orientation and Corporate Culture: Evidence from an Emerging Economy
- Author
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A. R. Ajward and A. L. Deshani
- Subjects
Value (ethics) ,Entrepreneurship ,board effectiveness ,Corporate governance ,Entrepreneurial orientation ,Organizational culture ,Context (language use) ,General Medicine ,sri lankan listed companies ,entrepreneurial orientation ,HD28-70 ,Management. Industrial management ,Business ,Marketing ,Emerging markets ,Empirical evidence ,corporate culture - Abstract
There is a dearth and mixed empirical evidence regarding the relationship between corporate board effectiveness and entrepreneurial orientation in a large-scale organizational setting. The purpose of this paper is to address this deficiency by investigating the link between board effectiveness and entrepreneurial orientation including the possible moderators that influence such a connection in an emerging country context. A quantitative survey was conducted representing the top 100 listed non-financial companies in Sri Lanka. Correlation and hierarchical regression analysis were employed in testing the hypotheses of the study. Study findings indicated that entrepreneurial orientation is significantly associated and predicted by board effectiveness in Sri Lankan context. The relationship between board effectiveness and firm innovative behavior is significantly moderated by the corporate cultural characteristics measured via competing value framework. The study is noteworthy due to, (1) the adoption of a multi-theoretic perspective to conceptualize board effectiveness, (2) an attempt to link resource-dependency theory and the resource-based view of entrepreneurship to understand the aforementioned link between board effectiveness and entrepreneurial orientation, (3) an attempt to understand the role of corporate culture to strengthen the aforementioned link. The study has a momentous value for theoretical advancement in corporate governance and entrepreneurship literature. The study findings provide a notable practical value for board members, senior decision-makers, and policymakers in emerging countries.
- Published
- 2021
30. Determinants of the use of accounting systems in microenterprises: evidence from Chile
- Author
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Tonatiuh Najera Ruiz and Pablo Collazzo
- Subjects
Sociology and Political Science ,Scope (project management) ,Public economics ,media_common.quotation_subject ,Entrepreneurial orientation ,05 social sciences ,Public policy ,050201 accounting ,Development ,Contingency theory ,Accounting ,0502 economics and business ,Accounting information system ,Business ,Use of technology ,Function (engineering) ,Emerging markets ,050203 business & management ,media_common - Abstract
PurposeThe purpose of this research is to contribute to knowledge-building on microenterprises in emerging economies, by assessing the determinants that drive their use of accounting systems.Design/methodology/approachA probabilistic model was developed to determine the likelihood that a micro-firm would adopt an accounting registry system as a function of a series of contingencies and personal characteristics of their owners/managers. Data from the Microentrepreneurship Survey (EME), from the National Institute of Statistics of Chile for 2017 was used.FindingsThe findings suggest that access to external funds, the size and the use of technology strongly influence micro-firms' adoption of accounting systems.Research limitations/implicationsDespite the richness and scope of the data, direct measurements of entrepreneurial orientation and environmental uncertainty, both central variables of the contingency theory, were missing. Hence, duly justified proxies were applied. It is also likely that there would be other variables that also influence the probability of using accounting tools.Practical implicationsThe study contributes to a better understanding of microenterprises, and the factors that determine the use of accounting systems. The results highlight that public policies aimed at fostering microenterprises should facilitate access to technology and external funds. Consistent with previous studies, the authors’ findings highlight the importance of training owner/managers on issues related to their business.Originality/valueThis paper contributes to theory by arguably being the first study to confirm that contingency theory does explain the adoption of accounting systems in microenterprises in emerging countries.
- Published
- 2021
31. Leading entrepreneurial sustainability initiatives in emerging economies
- Author
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Kiran M. Ismail, Bindu Arya, Sven Horak, and Sabine Bacouel-Jentjens
- Subjects
050208 finance ,Entrepreneurial orientation ,0502 economics and business ,05 social sciences ,Sustainability ,General Medicine ,Economic geography ,Sociology ,Emerging markets ,Social identity theory ,050203 business & management - Abstract
PurposeThis conceptual paper develops a theoretical framework to provide insights with respect to enhancing focus on entrepreneurial sustainability initiatives in the context of emerging economies. The unique idiosyncrasies of the institutional environment of emerging economies are identified along the concept of scripts.Design/methodology/approachSense-making and social identity theory are utilized to draw propositions along with the dimensions of the three stages of the sense-making process: enactment, selection and retention, in order to identify factors that are likely to motivate the next generation of business leaders in emerging economies to undertake greater levels of sustainability initiatives.FindingsWhen organizations face competing demands of meeting both social and financial goals, sense-making by next-generation leaders becomes relevant. Leaders with greater entrepreneurial orientation (EO) are more likely to take actions decoupled from local isomorphic pressures, such that they turn opportunities for sustainability into novel sustainable initiatives.Originality/valueThis paper proposes a framework to provide insights and directions for future research with respect to enhancing an organizational focus on sustainability initiatives in the context of emerging economies.
- Published
- 2021
32. The moderation role of entrepreneurial orientation on the influence of innovation on pharmaceutical SMEs' performance.
- Author
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Al-Momani, Lina, Haddad, Shafig, Sharabati, Abdel-Aziz Ahmad, and Hashesh, Mohammad Abu
- Subjects
- *
SMALL business , *TECHNOLOGICAL innovations , *DRUGSTORES , *STRUCTURAL equation modeling , *CHIEF executive officers , *DRUG factories , *EMERGING markets - Abstract
Due to the importance of entrepreneurship and innovation in the Pharmaceutical industry, the current study investigates the moderation role of Entrepreneurial Orientation (EO) on the influence of innovation on Pharmaceutical SMEs performance in Jordan. The current research was conducted on Jordanian pharmaceutical SMEs including manufacturers, distributors, and pharmacies with employee numbers of less than 100. The research design was quantitative, descriptive, causal, and cross-sectional held by an online questionnaire tool targeted all employees, managers, and Chief Executive Officers (CEOs) in pharmaceutical SMEs. Using the AMOS software, the Structural Equation Model (SEM) was adopted to analyze a sample of 162 surveys and examine the hypotheses. The outcome of this study indicated that the research model variables can explain 69.4 % of the variance of SMEs' performance. Additionally, it confirmed that innovation has a significant positive impact on pharmaceutical SMEs, and Entrepreneurial Orientation moderates the influence of innovation on pharmaceutical SMEs' Performance. Furthermore, current research findings contribute to extending existing relevant knowledge about the innovation impact and moderating role of Entrepreneurial Orientation on pharmaceutical SMEs' performance in Jordan and understanding the relationship between these variables to be of significant guidance to managing entrepreneurship in emerging economies. Further, the results show SMEs' methods and directions to follow during crises, such as COVID-19, to maintain business performance and sustainability. The current research paper contributes to the present literature since very limited studies investigated the innovation impact on SMEs' performance. Moreover, previous studies did not sufficiently analyze the impact of management, product, and process dimensions of innovation on SMEs' performance with the contribution of EO. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
33. Strategic orientations, organizational ambidexterity, and sustainable competitive advantage: Mediating role of industry 4.0 readiness in emerging markets.
- Author
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Ed-Dafali, Slimane, Al-Azad, Md. Samim, Mohiuddin, Muhammad, and Reza, Mohammad Nurul Hassan
- Subjects
- *
ORGANIZATIONAL ambidexterity , *INDUSTRY 4.0 , *COMPETITIVE advantage in business , *EMERGING markets , *MARKET orientation , *MEDIATION (Statistics) - Abstract
We explore the relationship between strategic orientations (market orientation and entrepreneurial orientation), organizational ambidexterity, and sustained competitive advantage under the mediation of Industry 4.0 readiness. Based on data from a sample of 144 SMEs belonging to different economic sectors, we employed partial least squares–structural equation modeling to test our hypotheses. Empirical research suggests that market orientation and entrepreneurial orientation have a favorable relationship with Industry 4.0 readiness and sustainable competitive advantage. Moreover, our findings reveal that entrepreneurial orientation has a greater effect on SCA than market orientation in emerging markets. Furthermore, Industry 4.0 readiness acts as a full intermediary between strategic orientations and sustainable competitive advantage. This study contributes to the existing literature by exploring the relationship between strategic orientation and sustainable competitive advantage through Industry 4.0 as the mediator. SMEs' managers can use these findings to rethink their technology adoption strategies and exploitative and explorative approaches. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
34. Entrepreneurial orientation during adversity: differences across ownership categories
- Author
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Amit Baran Chakrabarti and Arindam Mondal
- Subjects
Performance feedback ,Entrepreneurial orientation ,0502 economics and business ,05 social sciences ,Business, Management and Accounting (miscellaneous) ,050211 marketing ,Economic geography ,Business and International Management ,Psychology ,Emerging markets ,050203 business & management - Abstract
PurposeThis study seeks to highlight the dynamic nature of entrepreneurial orientation (EO) by investigating how firms respond to adversity, i.e. performance below aspiration levels through pertinent changes in EO, and if some of these changes can be accounted for based on the ownership of the firm.Design/methodology/approachThis study adopts a multiple regression using an ordinary least square methodology on a sample of 13,333 Indian firms within the period 2005–2016 to test its hypothesis.FindingsThis research sheds light on performance feedback as an antecedent to EO as also on the effect of ownership moderating this relationship, with diversity in resource configuration and governance arrangement being the key drivers.Research limitations/implicationsThis is a single country study; hence, there is a possibility of a country-specific bias. This study uses a secondary measure of EO and thus is unable to capture the entrepreneurial intentions and opinions of managers.Practical implicationsThe study establishes a nuanced understanding of how ownership impacts the entrepreneurial behaviour of firms during times of adversity.Social implicationsThis study may help policymakers draft appropriate policy interventions for firms at the time of adversity, so that they can improve their entrepreneurial spree.Originality/valueThis rare study from an emerging market establishes performance feedback as an important antecedent of EO. It further highlights the vital role of ownership in supporting/constraining EO.
- Published
- 2021
35. Entrepreneurial orientation and new venture performance in emerging markets: the mediating role of opportunity recognition
- Author
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Wunnam Basit Issah, Thomas Clauss, and Muhammad Anwar
- Subjects
Exploit ,Entrepreneurial orientation ,05 social sciences ,New Ventures ,General Business, Management and Accounting ,Identification (information) ,Order (exchange) ,0502 economics and business ,Survey data collection ,050211 marketing ,Business ,Construct (philosophy) ,Emerging markets ,050203 business & management ,Industrial organization - Abstract
How entrepreneurial orientation facilitates the identification of new opportunities in newly established ventures in emerging economies remains largely unexplored. Approaching entrepreneurial orientation as a second order latent construct, we examined the mediating role of opportunity recognition on new venture performance. Using a survey data from 316 SMEs, the results of the analysis in SmartPLS highlights that entrepreneurial orientation indirectly contributes to the performance of new ventures, where the relationship is partially mediated by opportunity recognition. The findings show that firms with high entrepreneurial orientation can identify and exploit new opportunities as well as enjoy superior performance.
- Published
- 2021
36. Entrepreneurial, market, learning and networking orientations as determinants of business capability and international performance: the contingent role of government support
- Author
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Mohammad Falahat, Thurasamy Ramayah, Yan-Yin Lee, and Pedro Soto-Acosta
- Subjects
Entrepreneurship ,Government ,Entrepreneurial orientation ,05 social sciences ,Management Information Systems ,Internationalization ,Capability Maturity Model ,Management of Technology and Innovation ,0502 economics and business ,Market orientation ,050211 marketing ,Small and medium-sized enterprises ,Business ,Emerging markets ,050203 business & management ,Industrial organization - Abstract
This study presents a business capability model that connects strategic orientations, business capability, government support, and international performance in emerging markets. More specifically, it focuses on the impact of entrepreneurial orientation, market orientation, learning orientation, and networking orientation as determinants of business capability and its effect on international performance. In addition, government support is tested as a moderator between business capability and international performance. The study draws on a quota sampling and analysis of 251 small and medium enterprises (SMEs) across all industries in Malaysia. The proposed research model and its associated hypotheses were tested by using Partial Least Squares (PLS) structural equation modelling (SEM). Findings suggest that multiple strategic orientations facilitate the development of business capability and that it contributes to the speed and scope of internationalisation as well as financial and strategic performance of SMEs. Moreover, government support programmes are found to significantly enhance the intensity of internationalisation. The main conclusions of this investigation can be valuable to SMEs that intend to explore or exploit opportunities in foreign markets.
- Published
- 2021
37. Social capital and individual entrepreneurial orientation: innovativeness, proactivity, and risk-taking in an emerging economy
- Author
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Victor Silva Corrêa, Helena Belintani Shigaki, and Maciel M. Queiroz
- Subjects
Entrepreneurship ,Strategy and Management ,Entrepreneurial orientation ,05 social sciences ,Proactivity ,0502 economics and business ,050211 marketing ,Business ,Economic geography ,Business and International Management ,Risk taking ,Emerging markets ,050203 business & management ,Social capital - Abstract
PurposeThis paper investigates if and how entrepreneurs' social capital influences their individual entrepreneurial orientation attributes (innovativeness, proactiveness, and risk-taking).Design/methodology/approachThe research method adopted is an exploratory multiple case study. The case chosen is that of an emerging and under-examined entrepreneur, the religious entrepreneur. The study investigates 20 pastors responsible for small enterprise-churches in Brazil.FindingsSocial capital influences individual entrepreneurial orientation, being characterized by a relative paradox. The networks must be dense enough to stimulate entrepreneurs' individual entrepreneurial orientation but not be so dense as to harm innovativeness, proactivity and risk-taking. Further, data show that individual entrepreneurial orientation influences social capital.Research limitations/implicationsOne limitation relates to the semi-structured interviews' restricted use. A second limitation is associated with the recognition of churches only as productive enterprises.Practical implicationsThis article suggests the significance of incorporating both themes in entrepreneurial education and training programs. It also stresses the appropriateness of religious entrepreneurship as an empirical research field for business scholars.Originality/valueThe contributions are fivefold. First, the authors build exploratory theoretical propositions on the influence of social capital on individual entrepreneurial orientation. Second, they highlight the significance of dense networks for individual entrepreneurial orientation, expanding the literature that supports the relevance of cohesive networks solely to the construct's organizational dimension. Third, the authors suggest that a relative paradox may characterize individual entrepreneurial orientation. Fourth, the authors suggest the existence of recursion between both constructs. Finally, this study is one of the first to examine social capital and individual entrepreneurial orientation, considering innovativeness, proactivity, and risk-taking, which represents a neglected field in benchmarking studies.
- Published
- 2021
38. One size does not fit all: Strategy configurations, complex environments, and new venture performance in emerging economies
- Author
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Phillip H. Kim and Yunzhou Du
- Subjects
Marketing ,Entrepreneurship ,Qualitative comparative analysis ,Computer science ,Entrepreneurial orientation ,05 social sciences ,New Ventures ,Variety (cybernetics) ,Competition (economics) ,0502 economics and business ,Market orientation ,050211 marketing ,Emerging markets ,050203 business & management ,Industrial organization - Abstract
New ventures face a variety of competitive and external challenges as they seek high performance. This requires an assortment of market and non-market growth strategies best aligned with the complex environments they face. However, rather than holistically evaluating these multiple drivers of high performance, past research has primarily focused on a narrow subset of strategies and environmental conditions. We attribute this to a mismatch between studying causally complex relationships with conventional symmetric regression methods. Instead, we advocate for an asymmetric configurational perspective that tests the causal complexity of high and not-high venture performance. We employ fuzzy-set qualitative comparative analysis (QCA) to detect different strategy configurations of entrepreneurial orientation, market orientation, and political networking amid complex environments of hostility, dysfunctional competition, and lack of institutional support for nearly 200 Chinese new ventures. Instead of a one-size-fits-all approach with an “either/or” trade-off, our main findings reveal six pathways with different configurations for high performance: either entrepreneurial or market orientation – or both – are necessary for high performance, and there are no consistent pathways for unsuccessful ventures. This offers a more complete picture of how new ventures operate and explains why individually conflicting results can be true collectively. We also demonstrate how configurational theory and methods can be employed to analyze the complexities of entrepreneurship.
- Published
- 2021
39. Cross-Country Differences in Entrepreneurial Internationalization Tendencies: Evidence from Germany and Pakistan
- Author
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Laura H. Middermann and Lubna Rashid
- Subjects
international entrepreneurship ,emerging markets ,cross-country ,entrepreneurial orientation ,global mindset ,institutional theory ,mindset theory ,entrepreneurial cognition ,Political institutions and public administration (General) ,JF20-2112 - Abstract
Previous research has emphasized the importance of entrepreneurial characteristics for international entrepreneurship, hence the application of concepts such as entrepreneurial orientation and global mindset to the study of entrepreneurial internationalization tendencies (EIT). However, literature does not adequately address how EIT differ between countries or manifest in fragile country settings. We address this gap through a quantitative study to investigate EIT in two national settings that largely differ in terms of development, institutional stability, and culture. Through the lens of the institutional theory and the mindset theory, we therefore piloted the study on 112 high-growth startups in Germany and Pakistan. Our findings show, that while entrepreneurs in Germany and Pakistan show comparable levels of innovativeness and proactiveness, they significantly differ in other EIT measures. German entrepreneurs appear to have higher levels of risk-taking, which when explained through the institutional theory lens can be attributed to the higher institutional stability and support as well as social security in Germany. This potentially makes engagement in risky activities, such as business internationalization, more appealing than in Pakistan. However, despite having lower international cognition and international knowledge compared to Germany, Pakistani entrepreneurs appear to exhibit higher degrees of international behavior.
- Published
- 2019
- Full Text
- View/download PDF
40. Entrepreneurial Orientation and Small and Medium-sized Enterprises’ Performance; Does ‘Access to Finance’ Moderate the Relation in Emerging Economies?
- Author
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Gábor Réthi, Rizwan Ullah Khan, Hiroko Kawamorita, and Yashar Salamzadeh
- Subjects
Financial performance ,Relation (database) ,Underline ,Strategy and Management ,Entrepreneurial orientation ,05 social sciences ,Financial system ,0502 economics and business ,050211 marketing ,Access to finance ,Business ,Business and International Management ,Emerging markets ,050203 business & management - Abstract
The main objective of the underline study is to examine the influence of entrepreneurial orientation (EO) on financial and non-financial performance of small and medium-sized enterprises (SMEs) with the moderating role of access to finance. Because SMEs—due to fair reasons such as lack of resources and lack of managerial skill—are often unable to succeed in their mission, the managers look for much less risky and convenience factors to compete in the market. A variety of factors has been tested but the role of finance in this perspective has received minor attention. Hence, the underline study tested finance as a moderator between firm resources and their performance. To test the model, a structured questionnaire is used to collect data from 326 Pakistani SMEs. Structural equation modelling in AMOS is used to test the hypotheses. Our finding suggests that EO significantly enhances SME’s financial and non-financial performance in emerging economies. On the other hand, access to finance significantly moderates the relationship between EO and SME’s financial performance while it is not significantly moderating between EO and non-financial performance.This research recommends policymakers and practitioners to focus on accessing adequate finance while Small and Medium-sized Enterprises Development Authority encourages banks and financial institutions to facilitates SMEs. Furthermore, the possible implications have been discussed.
- Published
- 2020
41. EMNEs venturing into advanced economies: Findings from comparative cases of two Indian MNEs.
- Author
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Parthasarathy, Sundar, Momaya, Kirankumar S., and Jha, Shishir K.
- Subjects
INTERNATIONAL business enterprises ,EMERGING markets ,MERGERS & acquisitions ,INDIAN business enterprises (South Asian) - Abstract
Indian firms are challenged by the latecomer disadvantages faced by emerging-market multinational enterprises ( EMNEs) in general. These challenges notwithstanding, Indian firms are doing cross-border acquisitions ( CBAs) in developed regions. Analyzing firm-level secondary data of two Indian MNEs-namely, Motherson Sumi Systems Limited and Rain Industries Limited-that show significant developed region-based revenues and assets, we link extant and emerging theoretical perspectives on EMNEs' internationalization with the observed firm motives and behaviors of our case firms. We propose a framework of multiple contextual settings to understand the context-driven internationalization of the case firms. Finally, our article offers a set of propositions emphasizing firm-level entrepreneurial orientation and international orientation, when EMNEs internationalize via CBAs in developed regions. © 2017 Wiley Periodicals, Inc. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
42. The impact of network orientation and entrepreneurial orientation on startup innovation and performance in emerging economies: The moderating role of strategic flexibility.
- Author
-
Daradkeh, Mohammad and Mansoor, Wathiq
- Subjects
- *
EMERGING markets , *NEW business enterprises , *TECHNOLOGICAL innovations , *PAY for performance , *ORGANIZATIONAL performance , *NETWORK performance - Abstract
While considerable scholarly attention has been paid to firm performance and prosperity, the performance implications of network and entrepreneurial orientations of startups in emerging economies are admittedly under-explained. Based on the resource-based view (RBV) and strategic fit theory, this study develops a research model to examine the impact of network orientation and entrepreneurial orientation on startup performance in emerging economies. The model also examines how this relationship is mediated through exploratory and exploitative innovation and moderated by strategic flexibility. Using data from a survey of 273 startups, the findings suggest that, at the initial and growth stages, entrepreneurial orientation has a greater impact on startup performance than network orientation. Exploratory innovation has a mediating effect on network orientation and startup performance. Exploitative innovation has a mediating effect on entrepreneurial orientation, network orientation, and startup performance. In the initial stage, exploitative innovation has a greater impact on startup performance, while in the growth stage, exploratory innovation has a greater impact on startup performance. Strategic flexibility plays a positive moderating role in the relationship between entrepreneurial orientation, exploratory innovation, exploitative innovation, and startup performance. These findings provide significant contributions to understanding the growth and performance of startups in emerging economies from a strategic and innovation-oriented perspective. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
43. Many roads lead to Rome: How entrepreneurial orientation and trust boost the positive network range and entrepreneurial performance relationship
- Author
-
Wenbin Liu, Baobao Dong, Junmei Luo, Cameron Duncan Nicol, and Hangjun Xu
- Subjects
Marketing ,Range (mathematics) ,Lead (geology) ,Entrepreneurial orientation ,0502 economics and business ,05 social sciences ,050211 marketing ,Cognition ,Business ,Emerging markets ,050203 business & management ,Industrial organization ,Social capital - Abstract
Due to liabilities of smallness and newness for entrepreneurial firms, decisions surrounding the sufficient leveraging of diverse information, knowledge, and resources used to pursue market opportunities are critical. Prior research has emphasized that network range is essential to improve entrepreneurial performance. However, research on boundary conditions of this relationship is still scant. Based on the social capital theory, this study advances research on the aforementioned relationship by integrating different dimensions of social capital and focusing on the three-way interaction of entrepreneurial orientation (EO) and trust. Based on data from a time-lagged two-wave survey of 389 firms in an emerging economy, we confirm the positive network range-performance relationship and find that EO strengthens the relationship between network range and entrepreneurial performance. Furthermore, findings suggest that network range can generate superior performance when aligned with the high levels of EO and cognitive trust, thus confirming the proposed three-way interaction. Overall, these findings contribute to a better understanding of how to facilitate network connections to enhance entrepreneurial performance.
- Published
- 2020
44. The Impact of Entrepreneurial Orientation on the Export Performance of Emerging Economies: A Multi-dimensional Approach
- Author
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Charles Arthur Robb, Eun-Mi Kim, and Lee, Jae-Woo
- Subjects
Entrepreneurial orientation ,Multi dimensional ,Business ,Emerging markets ,Export performance ,Industrial organization - Published
- 2020
45. Entrepreneurial orientation, knowledge acquisition and collaborative performance in agri-food value-chains in emerging markets
- Author
-
Truong Quang Dung, Rajendra Adhikari, Morgan P. Miles, and Lawrence Bryan Bonney
- Subjects
Knowledge management ,Supply chain management ,business.industry ,Entrepreneurial orientation ,media_common.quotation_subject ,05 social sciences ,General Business, Management and Accounting ,Knowledge acquisition ,Structural equation modeling ,Intermediary ,Originality ,0502 economics and business ,050211 marketing ,Generalizability theory ,Business ,Emerging markets ,050203 business & management ,media_common - Abstract
PurposeThis study aims to take a whole-of-chain perspective to explore how entrepreneurial orientation (EO) influences collaborative performance in agri-food value-chains through enhancing the acquisition of knowledge.Design/methodology/approachData were collected through a survey of 233 actors, including farmers, intermediaries and retailers in one beef cattle value-chain in the Central Highlands, Vietnam. Structural equation modeling was used to test hypotheses.FindingsThe actors’ level of EO within a value-chain is positively associated with collaborative performance within the beef value-chain. Additionally, knowledge acquisition partially mediates the relationship between EO and collaborative performance.Research limitations/implicationsGeneralizability is limited because of sampling constraints.Originality/valueTo the best of the authors’ knowledge, this is the first study of EO from a whole-of-chain perspective in agri-food value-chains in an emerging economy and has implications for policymakers and agri-food marketers.
- Published
- 2020
46. Small and Medium Enterprises in the Emerging Economies: Does Entrepreneurial Orientation Matters?
- Author
-
Sani Mohammed
- Subjects
Psychiatry and Mental health ,Clinical Psychology ,Market economy ,Entrepreneurial orientation ,Small and medium-sized enterprises ,Business ,Pshychiatric Mental Health ,Emerging markets - Published
- 2020
47. Entrepreneurial Orientation, Synergy and Firm Performance in the Agribusiness Context: An Emerging Market Economy Perspective
- Author
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Alba Kruja-Demneri
- Subjects
Entrepreneurship ,Strategy and Management ,Entrepreneurial orientation ,05 social sciences ,Perspective (graphical) ,Context (language use) ,Management of Technology and Innovation ,0502 economics and business ,050211 marketing ,Business ,Business and International Management ,Dimension (data warehouse) ,Emerging markets ,Practical implications ,050203 business & management ,Industrial organization ,Agribusiness - Abstract
Entrepreneurship researchers have called for more investigation on the contribution of context in advancing entrepreneurship theory. The aim of the paper is to analyse the agribusiness enterprise performance by introducing collaborativeness as a dimension of entrepreneurial orientation. Agribusiness is a key regional sector representing a crucial ratio of employment, economic production. and future growth. Due to the sector`s importance and the many challenges it faces, the impact of a synergy approach entrepreneurial orientation model on agribusiness performance is tested.Structural equation modelling is used to test data collected from 120 agribusinesses located in Albania. Study results show collaborativeness as a dimension of the extracted entrepreneurial orientation model which provides a synergy between the actors of entrepreneurial value creation and has a significant direct contribution to enterprise performance.Implications for Central European audience: Even though the results are related to agribusinesses in Albania, the findings of this research may advocate that to enhance enterprise performance in fragile sectors and emerging economy markets, the synergy among the value creation actors of the entrepreneurial process is a necessity. Besides the theoretical implications, this study has also some practical implications for policymakers, entrepreneurs and researchers.
- Published
- 2020
48. Entrepreneurial orientation and performance in SMEs
- Author
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Kalu Emmanuel Agbaeze, Maria Onyejeche Odiba, and Ejikeme Emmanuel Isichei
- Subjects
Knowledge management ,Data collection ,business.industry ,media_common.quotation_subject ,Entrepreneurial orientation ,05 social sciences ,General Medicine ,Proactivity ,Structural equation modeling ,Knowledge sharing ,Resource (project management) ,0502 economics and business ,050211 marketing ,business ,Function (engineering) ,Emerging markets ,050203 business & management ,media_common - Abstract
PurposeThis paper addresses the mediating effect of structural infrastructure capability on the relationship between entrepreneurial orientation (EO) and SMEs performance in emerging economies, focusing on Nigeria. It addresses the need to ensure that small and medium-sized enterprises (SMEs) are able to overcome the inherent challenges in their external environment actively and, thus, contribute to economic growth through internal management variables.Design/methodology/approachThe study adopted a survey design, utilising a sample of 377 SMEs covering the six geopolitical zones in Nigeria. A questionnaire was used for data collection, and data analysis was conducted using partial least squares structural equation modelling (PLS-SEM) with the aid of SmartPLSv3.FindingsThe study found that innovativeness and proactiveness, as dimensions of EO, have a significant effect on SMEs' performance. Risking-taking, however, showed no significant effect on performance. The study found that structural infrastructure capability significantly mediates the EO–performance relationship.Practical implicationsThe paper provides practical implications for society, as managers and SMEs' support agencies in emerging markets can be encouraged to focus more on internal management activities to support knowledge sharing within the organisation, given its relevance to improving performance, rather than focusing only on EO.Originality/valueThe study further strengthens and validates the resource-based view (RBV) theory and contributes to expanding knowledge on the relevance of internal management variables (knowledge sharing) in managing small and medium-scale enterprises. The study further advances theories regarding knowledge management's role, as a function of internal management system in the EO–performance relationship, thus helping to close the research gap related to these relationships from an emerging-economy perspective.
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- 2020
49. Entrepreneurial orientation in the hospitality industry: evidence from Tanzania
- Author
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Msafiri Njoroge, Omari Mbura, Lena Mossberg, and Wineaster Anderson
- Subjects
business.industry ,Strategy and Management ,Entrepreneurial orientation ,05 social sciences ,Economics, Econometrics and Finance (miscellaneous) ,Context (language use) ,Competitor analysis ,Customer relationship management ,Hospitality industry ,Body of knowledge ,Hospitality ,0502 economics and business ,050211 marketing ,Business and International Management ,Marketing ,business ,Emerging markets ,050203 business & management - Abstract
Purpose The purpose of this study is to identify and validate indicators of entrepreneurial orientation (EO) in the hospitality industry, as well as to examine its dimensionality in the context of emerging economies with a specific focus on tourist hotels in Tanzania. Design/methodology/approach The study uses a mixed-method approach for data collection and analysis. The qualitative study involved 20 in-depth interviews with hotel managers. Based on interview insights, indicators of EO were identified and applied in contextualizing the study and develop the survey questionnaires. The second phase, which was quantitative in nature involved a survey of hotels (n = 346) in the Coastal and Northern tourist circuits of Tanzania for validation and generalization. The exploratory and confirmatory factor analyses were used to analyze the quantitative data. Findings EO in the studied context consists of proactive-risk-taking, innovativeness and competition approach. Hotels focus on proactive and risk-taking efforts concurrently, undertake wide-ranging acts; pursue bold and risk decisions in exploiting opportunities; being proactive on opportunity exploration but less emphasis on initiation speed on actions of competitors. Innovativeness focuses on providing quality services; standardization of services; product introduction; and technological advancements. Besides, the conventional dimensions, hotels use competition approach geared at extensive marketing; customer management; and flexibility in pricing based on competition. EO also exhibits multidimensionality with its dimensions exhibiting moderate-to-high correlations and with acceptable discriminant validity. Practical implications The study’s findings imply that EO and its respective indicators confirmed in western contexts are not necessarily a perfect reflection and applicable in the hospitality industry in emerging economies like Tanzania. Hospitality firms must be vigilant with contextual characteristics – economically, socially and culturally shaping entrepreneurial opportunities. Originality/value This study identifies and validates indicators of EO in the hospitality industry in emerging economies. Moreover, the study adds to the body of knowledge that EO in this context is also multidimensional in nature.
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- 2020
50. Is exploring dynamic capabilities important for the performance of emerging market firms? The moderating effects of entrepreneurial orientation and environmental dynamism
- Author
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Byung Il Park and Shufeng (Simon) Xiao
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Strategy and Management ,Entrepreneurial orientation ,05 social sciences ,Perspective (graphical) ,0502 economics and business ,Spite ,050211 marketing ,Business ,Dynamism ,Business and International Management ,Dynamic capabilities ,Emerging markets ,050203 business & management ,Industrial organization - Abstract
In spite of the prominence of dynamic capabilities (DCs) perspective it is still unclear whether and under what conditions DCs contribute to firm performance. This study develops and tests an inter...
- Published
- 2020
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