Entrepreneurial Orientation, Firm Growth and Performance in SMEs: Testing the Scale of EO in SME Context

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2022-06-06 DOI:10.1515/erj-2021-0175

Kirsti Sorama, Sanna Joensuu-Salo

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引用次数: 3

Abstract

Abstract The aim of this study is to test how different dimensions of entrepreneurial orientation (EO) affect the growth and performance of SMEs in the short term in a rapidly changing business environment. In addition, a scale for measuring EO is tested in the SME context. The data (n = 260) was gathered from Finnish SMEs, and analyzed with structural equation modelling. The results show that EO has two dimensions in SMEs: innovativeness and risk-taking. Proactiveness and innovativeness measure the same phenomenon. Results show that innovativeness has a significant and positive effect on SME performance but not on SME growth. Risk-taking, in turn, has a positive effect on SME growth but not on performance. However, the relationship depends on how growth and performance are defined. Further, the results showed that EO should be seen as multidimensional and be measured by two lower-order dimensions reflecting managerial behaviors and attitudes. This study contributes to theory formation by showing EO as a two-dimensional construct among SMEs and suggests managerial implications by showing the effects of innovativeness and risk-taking on SME growth and SME performance. Further, the results show the importance of EO in the short term, as the current business environment can be described as a time of rapid and unpredictable change, when strategic decision-making requires quick decisions to seize opportunities and counter threats.

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创业导向、企业成长与中小企业绩效:中小企业背景下EO规模的检验

摘要本研究旨在检验在快速变化的商业环境中，创业取向的不同维度在短期内如何影响中小企业的成长和绩效。此外，本文还在中小企业背景下测试了一种衡量企业绩效的量表。数据(n = 260)来自芬兰中小企业，并使用结构方程模型进行分析。结果表明，中小企业的创业行为具有创新性和冒险性两个维度。主动性和创新性衡量的是同一现象。结果表明，创新能力对中小企业绩效有显著的正向影响，但对中小企业成长性无显著影响。反过来，风险承担对中小企业增长有积极影响，但对业绩没有影响。然而，这种关系取决于如何定义增长和绩效。此外，研究结果表明，绩效管理应被视为多维的，并通过反映管理行为和态度的两个低阶维度来衡量。本研究通过展示中小企业绩效是一个二维结构来促进理论的形成，并通过展示创新和风险承担对中小企业成长和绩效的影响来提供管理启示。此外，研究结果显示了短期内EO的重要性，因为当前的商业环境可以被描述为一个快速和不可预测的变化时期，战略决策需要快速决策，以抓住机遇和应对威胁。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.