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Firm Performance as a Function of Entrepreneurial Orientation and Strategic Planning Practices

Firm Performance as a Function of Entrepreneurial Orientation and Strategic Planning Practices
Author: James W. Kroeger
Publisher:
Total Pages: 154
Release: 2007
Genre: Business enterprises
ISBN:

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New business creation is essential for our nation's economy and accounts for all net new job creation. However, 56% of small businesses fail within four years of startup. One way to address this issue is to employ an approach combining an entrepreneurial orientation (EO) with key strategic management planning practices for firms seeking to gain a competitive advantage and improve firm performance. Entrepreneurial orientation is the propensity of firms to be innovative, proactive, and be willing to take risks. This research project empirically investigated the relationship among a firm's scanning intensity, locus of planning, planning flexibility and entrepreneurial orientation and firm performance. The sample for this research involved the owners and principal managers of Northeastern Ohio small businesses. Results indicate that a firm's entrepreneurial orientation is positively related to firm performance. However, the positive relationship between strategic planning processes and firm performance was not supported. Environmental uncertainty was shown to have an effect on the relationship between entrepreneurial orientation and performance.


LISREL 8

LISREL 8
Author: Karl G. Jöreskog
Publisher: Scientific Software International
Total Pages: 272
Release: 2001
Genre: LISREL
ISBN: 9780894980510

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Family Business and Regional Development

Family Business and Regional Development
Author: Rodrigo Basco
Publisher: Routledge
Total Pages: 280
Release: 2021-04-07
Genre: Business & Economics
ISBN: 0429608993

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This book explores the relationship between families, firms, and regions and the extent to which these relationships contribute to regional economic and social development. Although family business participation in economic activities has been a common phenomenon since pre-industrial societies, and its importance has evolved throughout time and across spatial contexts, the book suggests that these factors have often been neglected in family business and regional studies. Taking this research gap into account, the book aims to deepen our understanding of the role family firms play in the regional economy. In particular, it explores two seldom studied questions. Firstly, what role do family firms play in regional development? Secondly, how do different spatial regional contexts shape family firm operations and performance? Family Business and Regional Development presents a model of "spatial familiness" and uses themes such as productivity, networks and competitiveness to shed new light on family businesses. Moreover, it approaches the juxtaposition between family business and regional studies to encourage the cross-fertilisation of ideas, theories, and research methods between the two fields. Bringing together leading experts in entrepreneurship, regional economics, and economic geography, this book will be a valuable reading for advanced students, researchers and policymakers interested in family firms, regional studies and economic geography.


Strategy Formulation in Entrepreneurial Firms

Strategy Formulation in Entrepreneurial Firms
Author: Azhdar Karami
Publisher: Routledge
Total Pages: 225
Release: 2016-04-01
Genre: Business & Economics
ISBN: 1317049330

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This book is concerned with strategy formulation issues in the relatively neglected field of entrepreneurial firms. It raises questions, such as what is the strategic role of entrepreneurship in small businesses? How does the top management in small firms perceive the processes associated with strategy formulation? How are business strategies formulated and implemented in SMEs and importantly, are there lessons that can be learnt by large corporations from the smaller ones? Using a sample covering a wide range of entrepreneurial firms in the UK, the author addresses the lack of strategic thinking in the management of small firms and provides recommendations for effective strategic management processes.


Digital Entrepreneurship

Digital Entrepreneurship
Author: Mariusz Soltanifar
Publisher: Springer Nature
Total Pages: 339
Release: 2020-11-13
Genre: Business & Economics
ISBN: 3030539148

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This open access book explores the global challenges and experiences related to digital entrepreneurial activities, using carefully selected examples from leading companies and economies that shape world business today and tomorrow. Digital entrepreneurship and the companies steering it have an enormous global impact; they promise to transform the business world and change the way we communicate with each other. These companies use digitalization and artificial intelligence to enhance the quality of decisions and augment their business and customer operations. This book demonstrates how cloud services are continuing to evolve; how cryptocurrencies are traded in the banking industry; how platforms are created to commercialize business, and how, taken together, these developments provide new opportunities in the digitalized era. Further, it discusses a wide range of digital factors changing the way businesses operate, including artificial intelligence, chatbots, voice search, augmented and virtual reality, as well as cyber threats and data privacy management. “Digitalization mirrors the Industrial Revolution’s impact. This book provides a complement of perspectives on the opportunities emanating from such a deep seated change in our economy. It is a comprehensive collection of thought leadership mapped into a very useful framework. Scholars, digital entrepreneurs and practitioners will benefit from this timely work.” Gina O’Connor, Professor of Innovation Management at Babson College, USA “This book defines and delineates the requirements for companies to enable their businesses to succeed in a post-COVID19 world. This book deftly examines how to accomplish and achieve digital entrepreneurship by leveraging cloud computing, AI, IoT and other critical technologies. This is truly a unique “must-read” book because it goes beyond theory and provides practical examples.” Charlie Isaacs, CTO of Customer Connection at Salesforce.com, USA "This book provides digital entrepreneurs useful guidance identifying, validating and building their venture. The international authors developed new perspectives on digital entrepreneurship that can support to create impact ventures.” Felix Staeritz, CEO FoundersLane, Member of the World Economic Forum Digital Leaders Board and bestselling author of FightBack, Germany


Information Orientation

Information Orientation
Author: Donald A. Marchand
Publisher: Oxford University Press
Total Pages: 332
Release: 2001
Genre: Business & Economics
ISBN: 9780199252213

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This book presents the results of an international research project designed to evaluate how effectively people use information and IT to improve business performance. In particular it looks at three dimensions - information behavior and values; information management practices; and IT practices - and their relationship to business performance. The book combines a focus on business relevance with strong empirical research.


Entrepreneurial Orientation

Entrepreneurial Orientation
Author: Andrew C. Corbett
Publisher: Emerald Group Publishing
Total Pages: 284
Release: 2021-01-12
Genre: Business & Economics
ISBN: 1838675736

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In a world defined by increasing uncertainty and complexity, understanding the concept of Entrepreneurial Orientation (EO) is of critical importance. This volume convenes some of the world’s leading experts on EO to provide readers with an overview of the current state of EO research and set a compelling agenda for its future.


Innovative Management and Firm Performance

Innovative Management and Firm Performance
Author: M. Jakšic
Publisher: Springer
Total Pages: 502
Release: 2014-07-29
Genre: Business & Economics
ISBN: 1137402229

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This book focuses on business firms as catalysts and agents of social and economic change, and explores the argument that sustainable development is the perfect opportunity for businesses to strengthen the evolving notion of corporate social responsibility, while achieving long-term growth through innovation, research and development.


Entrepreneurship and Firm Performance

Entrepreneurship and Firm Performance
Author: Antoinette Walsh
Publisher:
Total Pages: 0
Release: 2016
Genre: Business enterprises
ISBN: 9781634843232

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Entrepreneurship has been the focus of considerable interest in the policy and business circles in the past two decades. Against a backdrop of the recent global recession, downsizing by large firms and problems of inequality and unemployment in many countries in Europe and Africa, it is realized that vigorous entrepreneurship is critical for sustainable job creation, and for boosting tax revenue and economic growth in a society. This book provides current research on entrepreneurship and firm performance. The first chapter examines the nature of entrepreneurship by selectively drawing from the economic, management and psychological schools, and then presents an integrated electric view of entrepreneurship based on the different schools of thought. Chapter two theoretically examines the influence of international non-governmental organizations (INGOs), on local and international entrepreneurial activity stemming from emerging markets in light of globalisation and the aftermath of the global economic crisis. Chapter three examines the moderating effect of prior functional and prior founding experiences of the founders on the relationship between ecosystem and new venture growth. Chapter four justifies both theoretically and scientifically the emotional and social aspects of gender, and offers a new arena for sketching the figures of a man and a woman entrepreneur. Chapter five discusses topics of entrepreneurship in Brazil, focusing on psychosocial elements which impact entrepreneur's agency and considering cultural, social and psychological aspects which singularize such practice, potentially distinguishing it from other countries' experiences. Chapter six analyzes the situation of social entrepreneurship in Lithuania, emphasizing its policy and practice in the European Union (EU) context, striving for youth involvement in becoming social entrepreneurs. Chapter seven conducts an initial insight on the link between entrepreneurial motivations and performance in microfinance institutions (MFIs). The last chapter proposes a multidimensional approach to the study of entrepreneurship.


Entrepreneurial Management in Small Firms

Entrepreneurial Management in Small Firms
Author: Ian Chaston
Publisher: SAGE
Total Pages: 273
Release: 2009-11-03
Genre: Business & Economics
ISBN: 1446202194

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Examining the crucial role of innovation and entrepreneurship in achieving growth and ongoing success in the small business sector, this book carefully examines the processes by which small businesses identify new opportunities, evolve appropriate marketing strategies, develop new products and services and successfully launch these into the market. The text: - Includes a dedicated chapter on social entrepreneurship and family firms - Explores issues of Ethics and Corporate Social Responsibility - Packed with supporting "real world" case studies including Apple′s iPod, Facebook, Starbucks and YouTube to illustrate how entrepreneurial firms succeed. - Learning features including learning aims, summaries, points for discussion, and further reading. - Companion website with instructors′ manual and PowerPoint slides and access to full-text journal articles for students.