Search Results (41)

In an era of rapid technological advancement—particularly with the accelerated development of artificial intelligence and digital technologies—entrepreneurship enables firms to dynamically adjust their strategies in response to environmental uncertainty and helps them maintain sustainable competitive advantages over time. As a key concept in entrepreneurship research, entrepreneurial orientation (EO) has long attracted scholarly attention. However, existing studies on EO have primarily focused on its specific outcomes, while insufficient attention has been paid to its antecedents from the perspective of internal threats. Under the threat of performance shortfalls, firms’ strategic choices are influenced not only by resource constraints but also by managerial cognitive biases. Drawing on Behavioral Theory of the Firm, we explore the moderating roles of managerial overconfidence and myopia in the relationship between performance shortfalls and EO. This study aims to uncover the cognitive “black box” behind why some firms are more likely to trigger entrepreneurial behavior in adverse situations. Based on panel data from 2822 A-share listed companies in China spanning the period from 2009 to 2020, and using a fixed-effects regression model, our findings indicate that both historical and social performance shortfalls have significant positive effects on EO. Further analysis reveals that the positive impact of performance shortfalls on EO is attenuated under conditions of heightened managerial overconfidence and myopia. By enriching the boundary conditions of EO from a cognitive perspective, this study provides a theoretical explanation for how firms can engage in entrepreneurial behavior under threat by reducing cognitive biases, thereby offering both theoretical and managerial insights into how firms can maintain sustainable development under crisis conditions. Full article

This research presents a comprehensive scientometric analysis of Entrepreneurial Orientation (EO), a fundamental concept in strategic management and business performance. Through a bibliometric approach, 4314 articles indexed in the Web of Science from 1975 to 2024 were analyzed using advanced network analysis tools such as VOSviewer to examine the evolution of scientific production, citations, authors, journals, institutions, and the most influential countries in the field. The findings reveal an exponential growth in “EO” research over the past decades, with a high concentration of scientific output in the last eight years. The United States leads in publication volume and citations, followed by other countries with an increasing contribution. Co-authorship patterns and academic collaboration clusters have been identified, consolidating key research lines that link “EO” with innovation, market orientation, and business performance. This study provides a comprehensive perspective on the evolution of “EO” research, offering valuable insights for academics, policymakers, and professionals interested in new theoretical directions and practical applications that foster knowledge development and business competitiveness. Full article

This study examines how Generation Z’s values align with entrepreneurial orientation in the Fourth Sector (FS), which merges public, private, and non-profit dynamics to balance financial sustainability with socio-environmental impact. Using Structural Equation Modeling with Partial Least Squares (SEM-PLS), we analyze the influence of economic–financial, biospheric, and altruistic values of the university students’ inclination toward entrepreneurship in the FS. The study draws on a convenience sample of 139 undergraduate students from the School of Economics and Business Sciences at the University of Extremadura, located in the Autonomous Community of Extremadura, Spain. Our findings reveal that economic–financial values are the strongest predictor, underscoring the enduring importance of financial viability in shaping entrepreneurial intent. Biospheric values also play a significant role, highlighting sustainability and environmental awareness as key motivators. While altruistic values exhibit a positive relationship with FS entrepreneurship, this effect is not statistically significant, indicating that Generation Z prioritizes economic and environmental considerations over pure altruism when engaging in this sector. These insights contribute to the understanding of how a group of university students from Generation Z approaches sustainable business models and provide strategic guidance for fostering entrepreneurship that effectively integrates financial sustainability with environmental responsibility. Specifically, Generation Z is expected to be particularly receptive to entrepreneurship initiatives focused on biodiversity conservation. Full article

In response to escalating environmental concerns and regulatory demands, this study investigates how circular economy entrepreneurship contributes to sustainability-oriented business performance, with a focus on the mediating role of cleaner production and the moderating role of green government subsidies. Drawing on institutional theory, the research examines how institutional pressures shape firms’ adoption of sustainable practices within the Turkish manufacturing sector. A quantitative design was employed, using stratified random sampling to collect data from 383 firms across various industries. Structural equation modeling (PLS-SEM) was used to test the proposed relationships. The results reveal that circular economy entrepreneurship positively influences sustainability performance, primarily through the mediating effect of cleaner production practices. Furthermore, green government subsidies strengthen the impact of circular economy entrepreneurship on both cleaner production and sustainability outcomes, underscoring the importance of policy support in enhancing the effectiveness of eco-entrepreneurial initiatives. Practically, this study provides actionable insights for managers and policymakers seeking to integrate sustainability into strategic planning, technological investment, and regulatory design. By aligning entrepreneurial innovation with institutional incentives, firms can simultaneously achieve environmental responsibility and long-term competitive advantage. Full article

The purpose of this study was to investigate the factors affecting digital entrepreneurial orientation, technology absorptive capacity, and digital innovation in business performance. To achieve the purpose of research, digital entrepreneurial orientation, technology absorptive capacity, digital innovation, and business performance (financial and technological performance) were chosen as research variables to explore the relationship effects and medicating effects. Industry type variable was selected to examine moderating effect. Industry type, employees’ numbers, and sales volumes were used as control variables to identify compounding effects of variables. A survey questionnaire was developed, and the proposed model was analyzed to target 122 small and medium venture enterprises (SMEs) in Republic of Korea. Smart PLS 4.0 and SPSS 27.0 were utilized to derive the study results as follows. First, digital entrepreneurial orientation and technology absorptive capacity have a positive influence on digital innovation. Second, digital entrepreneurial orientation has a positive impact on technology absorptive capacity. Finally, digital innovation has a positive effect on financial and technological business performance. The results of this study provide strategic implications for digital innovation and business performance for firms pursuing digital transformation. Therefore, firm managers should prioritize digital entrepreneurial orientation and technology absorptive capacity to improve business performance. Full article

This research examines how sustainability driven innovation and performance factors influence Nepali tourism-oriented small and medium enterprises (SMEs) operating with limited resources. It investigates the relationships between entrepreneurial leadership (EL), network orientation (NO), and entrepreneurial orientation (EO) by integrating the Resource-Based View (RBV) and Strategic Fit Theory. The study positions strategic flexibility (SF) as a moderator between EL and NO in shaping startup performance (SP), with technological innovation capabilities (TIC) acting as a mediator. EO plays a critical role in startup success, helping businesses overcome resource constraints and adopt sustainable practices such as green technologies and energy-saving methods. Through TIC, SMEs convert strategic orientations into competitive advantages, enabling them to address environmental and social sustainability challenges. In Nepal’s fragmented tourism sector, NO and EL do not directly affect organizational performance. However, the findings confirm that SF’s adaptive capability bridges EL and SP, underscoring adaptability as a key driver of sustainable growth. The research provides valuable insights into tourism and entrepreneurship in resource-scarce settings, highlighting adaptive strategies and technological advancement as critical for resilience and long-term sustainability. To explain how tourism SMEs in resource-constrained contexts, such as Nepal, achieve sustainable growth, the study integrates the Resource-Based View (RBV) and Strategic Fit Theory. The findings indicate that strategic flexibility (SF) and technological innovation capabilities (TIC) play significant mediating and moderating roles in linking entrepreneurial strategies to performance within fragile ecosystems. While previous research has primarily focused on advanced economies, this study demonstrates how SF and TIC mediate entrepreneurial strategies in fragile environments, offering practical implications for sustainable development in emerging markets. Full article

This study examines the effect of FinTech on entrepreneurial performance and the essentiality of tax compliance and entrepreneurial orientation. Drawing on information from small and medium enterprises (SMEs) in Greece and utilizing Structural Equation Modeling techniques, our study shows that FinTech plays a key role in improving tax adherence and entrepreneurial mindsets, which subsequently enhances entrepreneurial success. FinTech promotes greater transparency, easier reporting, and less compliance burdens. Companies that make use of FinTech tools see enhancements in meeting tax regulation requirements efficiently and effectively without being weighed down by compliance issues that take up resources meant for innovation and strategic development instead. Moreover, this research highlights the impact of incorporating financial technology solutions for improved management and cultivating an innovative and forward-thinking environment. It highlights the importance of implementing strategies to boost FinTech adoption and foster entrepreneurial achievements, effectively sliding tax compliance into focus. Our research identifies the revolutionary impact of FinTech tools and sheds light on how technological progress can fuel entrepreneurship and improve business outcomes overall. Full article

This study analyzes the effect of knowledge managemet capability on entrepreneurial orientation, entrepreneurial finance, entrepreneurial marketing, and business resilience in culinary micro-enterprises in Bandung during the COVID-19 pandemic, proposing that knowledge management capability influences entrepreneurial orientation, entrepreneurial finance, and entrepreneurial marketing, which in turn enhance business resilience. Partial least squares structural equation modeling was used to analyze data from 125 culinary micro-enterprises. The findings show that entrepreneurial finance has a stronger effect on business resilience compared to other factors, indicating that financial agility and resource allocation are more important for business resilience in crisis conditions. This challenges the conventional view that innovation is the main driver of business resilience. This study redefines the strategic entrepreneurship model by highlighting the role of knowledge management capability as a key resource input in the resource orchestration process to build business resilience. The results offer practical insights, including policy recommendations for improving digital infrastructure and financial inclusion to support culinary micro-enterprises in adapting to future disruptions. Full article

The study evaluates the interest of business-educated Gen Z in pursuing careers in various industries and their potential to accelerate Green Innovation (GI). It specifically focuses on Gen Z in Europe, who are business-educated and pursuing their career in different industry sectors, and aiming to address climate change and sustainable practices. By adopting Green Entrepreneurial Orientation (GEO) and building Absorptive Capacity (AC), companies can significantly contribute to improving Environmental Orientation (EO) by appealing to Gen Z—their future employees and customers. The study aims to survey 280 business-educated Gen Z people in Europe. The findings of the study show that the relationship between absorptive capacity and environmental orientation is not always significant, and the impact can be negligible, specifically when the firms have a low commitment to environmental strategies and have a limited strategic emphasis on sustainable practices. The study aims to encourage innovation and sustainable growth among firms, opening the door to a more sustainable future and attracting goodwill from environmentally oriented Generation Z. The publication/article presents the results of the project financed from the subsidy granted to the Krakow University of Economics. Full article

Purpose: This research aims to explore the impact of sustainable entrepreneurial intentions on business performance within small- and medium-sized enterprises (SMEs) in China. It investigates how sustainable entrepreneurship mediates this relationship and examines the moderating roles of behavioral intention and environmental sustainability orientation. Method: The study utilized a quantitative approach, collecting data from 239 employees working across various SMEs in China through a structured survey. The measurement scales were adopted from established research to ensure reliability and validity. Structural equation modeling (SEM) was employed using Stata-SEM for data analysis, allowing for a comprehensive examination of direct, indirect, and moderating effects. Findings: The results indicate that sustainable entrepreneurial intentions significantly influence business performance, with sustainable entrepreneurship serving as a crucial mediator in this relationship. Behavioral intentions and environmental sustainability orientation were found to significantly moderate the impact of sustainable entrepreneurial intentions on business performance. These findings highlight the importance of integrating sustainability practices and personal commitment into business strategies. Originality/Implications: This research contributes to the theoretical and practical understanding of sustainable entrepreneurship by providing empirical evidence on the mediating and moderating effects within SMEs. It offers actionable insights for entrepreneurs, managers, and policymakers to enhance business performance through strategic sustainability efforts. The study also suggests avenues for future research to further explore these dynamics across different contexts. Full article

This study explores the intricate relationships between entrepreneurial orientation (EO), digital orientation (DO), strategic agility (SA), and competitive advantage (CA) in Saudi firms. We investigate whether strategic agility serves as the missing link in these relationships. We examine direct and indirect effects among these constructs using structural equation modeling on data collected from 307 Saudi firms. The results confirm the direct positive links between EO and SA with CA. However, the findings also reveal a surprising result—there is no direct link between DO and CA. At the same time, both DO and EO exerted significant positive influences on SA. This study emphasizes the mediating role of SA. We find that SA partially mediates the relationship between EO and CA, underlining the importance of EO while pointing out the additional value given to this relationship by SA. Additionally, SA fully mediates the relationship between DO and CA, suggesting that firms must develop SA to translate their digital capabilities into CA. These results contribute to the strategic management literature by explaining the interplay between strategic orientations, agility, and competitive advantage in the Saudi context. They also provide practical implications for managers seeking to enhance the competitiveness of their firms during this digital age by showing that investing in SA in conjunction with entrepreneurial and digital resources is of paramount importance. Full article

Contrary to the widely accepted adage ‘do not engage in business activities with relatives’, individuals from Chinese, Indian, and Pakistani backgrounds are achieving significant progress, while individual groups experience stagnation. While prior research offers substantial insights into the relationship between kinship and entrepreneurial ventures, there exists a paucity of information regarding the mechanisms through which certain kin individuals attain success while others do not. The principal inquiries revolve around the question, ‘In what ways do kinship networks contribute to entrepreneurial success?’ Furthermore, within a multicultural and heterogeneous framework, how might kinship networks serve as essential resources that promote entrepreneurial development, or do they instead pose additional challenges to such advancement? To address these inquiries, this study conducts an integrative review of entrepreneurship through the conceptual framework of kinship (kin-entrepreneurship), a notion distinctly from emerging disciplines. The contextual backdrop of this study is firmly anchored in the rising incidence of business failures and their resultant ramifications for sustainable economic development on a global scale. By employing an integrative review methodology that encompasses both bibliometric and content analyses of extant literature, adhering to the PRISMA guidelines, this research elucidates the fundamental components relevant to kin-entrepreneurship. In tackling this issue, the present investigation explores the trends, trajectories, and potential futures concerning the nexus of kinship and entrepreneurship. A bibliometric analysis was conducted on a dataset comprising 292 scholarly articles focused on kin-entrepreneurship, published between 1980 and 2023, sourced from the Scopus and Web of Science databases. Significant findings highlight “kinship-based business influencers” and “entrepreneurial environment and consequences”, as crucial themes. Subsequent to the discovery of the themes, this paper advocates for a paradigm shift from a narrow familial perspective on business to a more expansive kinship viewpoint, which can enhance comprehension of the complex dynamics within business environments where kinship-based business influencers are multifaceted, affecting economic performance (where entrepreneurs capitalize on these affiliations for economic advantage), decision-making (which improves business sustainability through resource allocation among kin), and employee relations (as kin connections foster both formal and informal employment opportunities) for entrepreneurs. Consequently, this study posits that kinship-oriented business dynamics play a crucial role in influencing entrepreneurial decision-making by offering social capital, resources, and strategic guidance, which are essential for mitigating existing entrepreneurial attrition rates and, in turn, are fundamental for fostering economic development. Full article

Applying information technology capabilities (ITC) to business processes is critical in the current data and information age. However, various bottlenecks and barriers restrict the adoption of ITC. To address these obstacles, fostering an entrepreneurial orientation (EO) can be beneficial. Drawing on the dynamic capabilities view, this study develops and tests a model that empirically analyzes how EO influences the adoption of ITC. The proposed model also assesses the separate and joint effects of EO and ITC on firm performance (FP). The research hypotheses were tested using a survey of 157 Chilean firms, and the PLS-SEM method was applied. The findings indicate that EO promotes the development of ITC and that the synergistic relationship between the two positively affects FP. These findings provide valuable insight for managers in terms of aligning their strategic approach with technological capabilities to enhance their company’s success. Full article

Digitalization has forced emerging market (EM) firms operating in resource-constrained environments to adopt market-driven strategies, particularly frugal innovation, to provide affordable, optimized processes and high-value solutions. However, understanding the mechanisms behind developing frugal innovation capability (FIC) at the firm level in diverse EMs remains limited. From the perspective of the resource-based view, this study added to the existing body of knowledge by exploring how strategic orientation (entrepreneurial orientation (EO) and market orientation (MO)) and organizational ambidexterity (OA) impact the development of FIC in EMs. To empirically validate our theoretical predictions, this study used a cross-sectional survey to collect data from 386 valid respondents from Tanzanian manufacturing firms. The results demonstrate that both EO and MO have a strong and positive relationship with OA and the development of FIC in EMs. In addition, OA partially mediates the relationship of both EO and MO with the development of FIC. Furthermore, our results indicate that MO exerts a more significant impact on the development of FIC than EO in EMs. Managers of manufacturing firms in EMs can use these findings to review their strategic decisions and their exploitative and exploratory approaches to enhance supply chains, develop cost-effective technologies, and produce affordable offerings that cater to the preferences of price-conscious consumers in the digital age. Full article

The SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company’s competitive position and to develop strategic planning. In the competitive dental sector, it can aid dentists in identifying and analyzing internal strengths and weaknesses, as well as external opportunities and threats. This study focuses on senior dental students of the Department of Dentistry at the National and Kapodistrian University of Athens, Greece, aiming to scrutinize their use of SWOT analysis and assess its application as a tool for evaluating entrepreneurial goals and making career decisions in dental entrepreneurship. The research sample comprises 116 senior dental students (N1) in the final undergraduate year of their dental education, with data collection accomplished through the administration of an e-questionnaire during the obligatory course of “Organization and management of dental practices” in December 2023. The data extracted from the SWOT analysis encompass internal and external factors, gender distinctions, and outcomes derived from Stepwise Binary Logistic Regression concerning predictor markers. The results from the SWOT analysis of 114 valid questionnaires (N2), revealed that participants identified communication skills (50%) and organization skills (49.10%) as their primary strengths, followed by favorable personal traits contributing to goal success (36%). Weaknesses predominantly centered around emotional and personal traits like anxiety (41.20%) and other characteristics, alongside practical challenges such as lack of initial capital (24.60%). Main opportunities included collaboration with experienced dentists (33.30%) and access to training programs (27.20%), while economic instability in Greece (77.20%) and the saturated dentist profession (26.30%) were perceived as significant threats. Gender differences were notable, with female dentists more likely to report organization skills as a strength and anxiety as a weakness. Values such as industriousness, persistence, and ethics were commonly shared, with actions focusing on training programs (57.9%) and gaining experience with experienced dentists (29.8%). Cluster analysis identified two subgroups, with one emphasizing utilizing all available options (n = 49) and the other prioritizing on gaining professional skills and experience (n = 65). Logistic regression indicated that participants valuing industriousness were less likely to explore all available options, while those recognizing personal traits were more likely to do so. The study’s outcomes highlight key predictor factors linked to a proactive orientation in career decision-making among senior dental students. These insights offer valuable implications for educational institutions and career counselors. Full article