Search Results (89)

The B Corp certification is a voluntary designation granted by B Lab. This nonprofit organization evaluates two main aspects of a company’s operations: the positive impact generated by its daily activities and how its business model reflects unique practices that yield positive outcomes for its stakeholders. Sistema B is at the forefront of the B movement in Latin America and the Caribbean, working to develop an ecosystem that enables B Corps to harness market forces to address social and environmental challenges. However, the B Corp movement in this region faces significant challenges, primarily due to a lack of government support, including tax benefits and legal recognition. This study aims to advance the existing literature on B Corps by examining sustainability-oriented hybrid organizations that strive to reconcile profit generation with social impact within the context of Mexico’s socioeconomic landscape. Additionally, it seeks to enhance the understanding of how ventures navigate trade-offs between financial and social objectives, and to identify factors that can help address these challenges. Twenty semi-structured interviews were conducted with Mexican B Corps to explore the entrepreneurial motivations related to social objectives, the B Corp movement, and the internal organizational dynamics of balancing social and economic logics. We discuss how tensions arise and are managed, as well as the issues regarding regulatory tensions in Mexico and the challenges that stem from organizational complexities. Future research directions are also outlined. 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

Pressure from competitors and regulatory interventions are external factors influencing hotels’ commitment to Environmental, Social and Governance (ESG) initiatives. This study aimed to explore the relationships between perceived entrepreneurial orientation, perceived commitment to ESG practices, and corporate financial performance through the lens of the resource-based view of the firm. Additionally, the moderating effect of hotel size was analyzed. Data were collected via a survey of hotel managers in Hong Kong in 2025. The results indicate a significant relationship between perceived entrepreneurial orientation and commitment to ESG practices. This study provides a solid understanding of the relationships among perceived entrepreneurial orientation, corporate autonomy, commitment to ESG practices, and corporate financial performance. The moderating effect of corporate size reveals that size itself does not directly influence how commitment to ESG affects corporate financial performance in the hotel industry. In contrast, hotel size does influence how entrepreneurial orientation relates to ESG commitment; specifically, smaller hotels are more entrepreneurial and committed to ESG practices when they have greater decision-making autonomy. However, entrepreneurial orientation and ESG commitment do not significantly influence financial performance, regardless of hotel size. This study offers practical implications for policymakers regarding the relevance of entrepreneurial orientation and corporate autonomy in enhancing commitment to ESG practices. Full article

This study investigates how displaced women entrepreneurs in Ethiopia’s fragile institutional environment apply effectuation principles to sustain their businesses. Through analysis of five effectuation dimensions, we find that while affordable loss strategies and means orientation enhance business resilience, traditional effectuation approaches like partnership formation and rigid control mechanisms often prove ineffective in displacement contexts. This research makes three key contributions: first, it extends effectuation theory by identifying how institutional fragility fundamentally alters the utility of entrepreneurial strategies; second, it reveals displaced women’s innovative adaptations through informal networks and risk-minimising approaches; and third, it challenges universal applications of effectuation principles in crisis settings. This study contributes to sustainable entrepreneurship by demonstrating both the relevance and constraints of effectuation theory in crisis-affected environments. It underscores the importance of flexible, resourceful strategies for women entrepreneurs navigating systemic challenges, offering insights for policymakers and support organisations. Practical implications include designing capacity-building programmes that promote adaptive strategies, such as risk management and resource optimisation, while addressing the challenges of partnerships and rigid control mechanisms. By aligning with the goals of sustainable development, this research not only highlights the potential of effectuation principles but also unravels their limitations, providing a nuanced understanding of how entrepreneurial strategies can foster resilient livelihoods and sustainable economic practices in crisis-affected regions. 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 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

During the COVID-19, Muslim entrepreneurs had to adapt to remain resilient. These Muslim entrepreneurs can rely on entrepreneurial personality and skill traits to survive a crisis. This paper aims to expand the analysis of the several contributing factors to the resiliency of small- and medium-sized enterprises (SMEs) managed by Muslim entrepreneurs, as identified in various scholarly publications. Additionally, this study emphasises the significance of entrepreneurial personality and skill traits, investigates the mediating role of entrepreneurial orientation on the link between entrepreneurial traits and SME resilience, and explores the moderating effects of Muslim religiosity. Furthermore, it delves into specific Islamic principles such as “ikhtiar” (effort) and “tawakkal” (reliance on God), which contribute to the resilience of Muslim entrepreneurs. This study centres on Muslim business owners of small- and medium-sized enterprises (SMEs) in West Sumatra. The final sample obtained was 452 Muslim entrepreneurs. This research was conducted in 2021, at the peak of the COVID-19 pandemic. The findings indicate that entrepreneurial traits influence the resiliency of Muslim entrepreneurs in two distinct ways: directly and indirectly via entrepreneurial orientation. This research advances the entrepreneurial literature in three ways. First, research on entrepreneurial resilience is extended, considering the different dimensions of entrepreneurial personality and traits (negotiation skills, risk-taking, optimism, locus of control, and need for achievement). Second, this study explores the mediating role of entrepreneurial orientation on the relationship between entrepreneurial personality and skill traits toward entrepreneurial resilience. Finally, this study specifically discusses Muslim entrepreneurs as research respondents. 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

Entrepreneurship lies at the heart of Small and Medium Enterprises, serving as the driving force behind their inception and development. By examining the mediating role of absorptive capacity and the moderating effect of industry type, this paper looks at how an entrepreneurial orientation affects business sustainability performance, knowledge management capacity, and innovation performance. This study will examine this critical role played by entrepreneurial orientation in SMEs’ success in a competitive business environment. A quantitative research method was used with questionnaires sent to 303 manufacturing SME owners or managers in the North West bank of Palestine. The demographic background of the participants was varied, and contributed to this diverse description of the manufacturing sector. The hypothesized relationships were tested using PLS structural equation modeling. The research findings indicate that entrepreneurial orientation influences absorptive capacity, business sustainability performance, and knowledge management capacity and innovation performance directly and significantly. These findings were consistent with the study’s hypothesis that absorptive capacity mediates the relationship between entrepreneurial orientation and both business sustainability performance and knowledge management capability, as well as innovation performance. Furthermore, the nature of the industry influences the relationship between absorptive capacity and business sustainability performance. This research is original and of great value because it relies on the managers’ knowledge about the application of entrepreneurial orientation in order to improve the results of SMEs. Since the appropriate moderating variables differ across industry types, it may be best for each industry to develop industry-specific benchmarks and standards for industry-level business sustainability performance that the SMEs can use to see what pertains to them and what are the opportunities, and then compare the success of this industry to what they are in. Full article

In the competitive hospitality sector, the adoption of Artificial Intelligence (AI) is essential for enhancing operational efficiency and improving customer experiences. This study explores how key entrepreneurial traits—Entrepreneurial Orientation (EO), Entrepreneurial Self-Efficacy (ESE), and Perceived Business Performance (PBP)—influence managers’ attitudes toward adopting AI in small- and medium-sized enterprises (SMEs). Ts research utilizes data from 287 respondents, gathered through field research with a survey designed to measure the relationships among constructs, employing structural equation modeling (SEM) for analysis. Results reveal that PBP and certain ESE dimensions, such as Initiating Investor Relationships and Developing New Products, have only a modest positive effect on AI adoption. In contrast, EO—specifically Proactiveness and Innovativeness—exhibits a weak negative impact. Importantly, none of these factors directly affect managers’ attitudes toward AI. Instead, this study highlights that managers’ positive attitudes are the strongest predictors of AI adoption, aligning with the Technology Acceptance Model (TAM). The findings offer new insights into key entrepreneurial factors driving AI adoption and emphasize the need for targeted education and supportive policies to facilitate AI integration in hospitality SMEs. Fostering a positive perspective on AI is more important for adoption than overcoming skepticism, as negative attitudes do not influence AI adoption. Full article

This study examines how integrating the critical components of entrepreneurial orientation (EO) can improve the adaptability of microenterprises by applying the Viable System Model (VSM). Given the crucial role of microenterprises in job creation, entrepreneurship promotion, and social cohesion, the need for approaches that ensure their success in turbulent environments is highlighted. We applied Social Network Analysis (SNA) to analyze a co-occurrence network to identify critical EO factors relevant to microenterprises and to understand how authors relate them to the structure of the VSM using a Californian microenterprise as a conceptual model. These factors include innovation, autonomy, control implementation, market orientation, and change management, organized into the five functions of the VSM. The results suggest that this conceptual framework strengthens organizational responsiveness in disruptive environments, promoting internal cohesion and more informed decision-making. Although the specific characteristics of each microenterprise require adjusting the VSM to their particular needs, this study provides a solid basis for applying the key elements of EO in the VSM, underscoring the need for further research to adapt this approach to different contexts to improve organizational agility in the face of exogenous shocks. 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

With global leadership as the new norm, discussion about followers’ preferred leader behaviors across cultures is growing in significance. This study proposes a comprehensive predictive model to explore significant preferred leadership factors, drawn from the Leader Behavior Description Questionnaire (LBDQXII), across cultures using automated machine learning (AML). We offer a robust empirical measurement of culturally contingent leader behavior and entrepreneurship behaviors and provide a tool for assessing the cultural predictors of preferred leader behavior to minimize predictive errors, explore patterns in the data and make predictions in an empirically robust way. Hence, our approach fills a gap in the literature relating to applications of AML in leadership studies and contributes a novel empirical method to better predict leadership preferences. Cultural indicators from Global Leadership and Organizational Behavior (GLOBE) predict the likelihood of the preferred leader behaviors of “Role Assumption”, “Production Emphasis” and “Initiation of Structure”. Hofstede’s Long-Term/Short-Term Orientation is the most critical predictor of preferences for “Tolerance of Uncertainty” and “Initiation of Structure”, whereas the value of restraint impacts the likelihood of preferring leaders with skills in “Integration” and “Consideration”. Significant entrepreneurial values indicators have a significant impact on preferences for leaders focused on “Initiation of Structure”, “Production Emphasis” and “Predictive Accuracy”. Findings also support earlier studies that reveal age and gender significantly impact our preferences for specific leader behaviors. We discuss and offer conclusions to support our findings that foster development of global business managers and practitioners. Full article