Enhancing hospitality business performance: The role of entrepreneurial orientation and networking ties in a dynamic environment.

• Implications of the entrepreneurial orientation on short term financial return and long term business growth. • Association between dynamic environment and entrepreneurial orientation. • Adoption of business and social networking ties in the hospitality industry. • Prompting managers' decisions to develop entrepreneurial orientation in creating value for hospitality firms. • Gaining short term financial expansion by adopting various technological resources through possible effect on operational processes and strategy development. Utilizing a sample of 192 hospitality firms, this study investigates the moderating role of a dynamic environment, coupled with business and social networking ties and technology resources, on the relationship between entrepreneurial orientation and organizational performance in hospitality firms. This research is novel in that we adopt business network ties and social network ties as two moderating variables along with technology resources between entrepreneurial orientation and business performance, providing evidence on a topic which has received little attention to date. The results posit that in an uncertain, dynamic environment a higher level of risk and entrepreneurial orientation benefit business performance especially when coupled with strong business and social networks. [ABSTRACT FROM AUTHOR]