The purpose of this research is to understand the relationship between corporate entrepreneurship and firm performance of large firms in emerging economies, with consideration of the moderating effect of environmental dynamism. This is a quantitative and cross-sectional study, utilizing a multivariate second-order hierarchical component model. The partial least squares structural equation modeling method was employed for analysis. The findings indicate a highly positive impact of entrepreneurial orientation on profitability, while corporate venturing had a high but negative impact on profitability. Regarding the growth model, it was shown that entrepreneurial orientation had a positive but statistically insignificant impact on firm growth, while corporate venturing had a highly negative but statistically insignificant impact on firm growth. Interestingly, the results indicate that environmental dynamism did not have a moderating effect in this context. This paper has significant implications for senior management decision-making regarding the importance of corporate entrepreneurship in the growth and profitability of companies. It is recommended that large companies invest in entrepreneurial orientation because of its positive influence on profitability. This research fills a gap in the literature on the relationship between corporate entrepreneurship and firm performance in large companies in emerging economies. It highlights the importance of context-specific contingencies to the impact of corporate entrepreneurship on the performance of large companies and cautions against generalizing results across different countries, even those with seemingly similar contexts. The study confirms the positive relationship between entrepreneurial orientation and corporate profitability, particularly for large companies.
Corporate entrepreneurship creates opportunities in employment, technological advances, value creation, and cultural transformation for entrepreneurial ecosystems, entrepreneurs, governments, economies and society around the globe. The purpose of this study is to assess the impact of corporate entrepreneurship on the financial performance of subsidiaries in Colombian business groups under the moderating effect of the environmental dynamism, because the relationship between corporate entrepreneurship and financial performance in emerging economies must differ from developed economies. Using a cross-sectional Structural Equation Modeling analysis, this study assessed the impact of entrepreneurial orientation and corporate venturing on the firm financial performance of 87 subsidiaries of Colombian business groups at different levels of environmental dynamism. This study also confirms that the relationship between corporate entrepreneurship and performance is context-dependent, and that entrepreneurial orientation has a strong and positive causal relationship with corporate venturing. Additionally, subsidiaries of Colombian business groups increase their financial performance when also does the entrepreneurial orientation, and decrease financial performance when so does corporate venturing. Furthermore, the results show that environmental dynamism does not have a moderating effect on the relationship between corporate entrepreneurship of subsidiaries in Colombian business groups and their performance. This paper would contribute to important areas in Latin America business, where such studies are scarce.
Project management is a field of knowledge that presented a notable development as a means of impact on organizational competitiveness. About 30 years ago, this field was considered as a series of tools that contributed in some aspects of improvement in organizations. Over time, these tools were transformed into theory and in the same way their development at the scientific level increased. Now, project management is recognized as the means through which the strategic plans in the companies are managed. Therefore, they form the bridge of business sustainability. Among the different developments that have been made in the project management is the establishment of critical success factors. The current literature offers various approaches. One of the research trends as a critical success factor that is proposed in the future is the identification and measurement of the soft skills of the project manager. This is how this chapter of the book will address the identification and analysis of soft skills.
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