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2010
DOI: 10.1007/bf03396804
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Entrepreneurial Orientation and Business Performance — A Replication Study

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Cited by 174 publications
(173 citation statements)
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References 42 publications
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“…This means that firms benefit more from innovative and proactive behavior in dynamic and hostile business environments compared to stable and benign contexts. These results are consistent with previous studies which have shown that entrepreneurial firms are more often found in unstable and hostile contexts, and in these conditions they perform better compared to non-entrepreneurial ones (Covin and Slevin, 1989;Frank et al, 2010).…”
Section: Discussionsupporting
confidence: 93%
See 1 more Smart Citation
“…This means that firms benefit more from innovative and proactive behavior in dynamic and hostile business environments compared to stable and benign contexts. These results are consistent with previous studies which have shown that entrepreneurial firms are more often found in unstable and hostile contexts, and in these conditions they perform better compared to non-entrepreneurial ones (Covin and Slevin, 1989;Frank et al, 2010).…”
Section: Discussionsupporting
confidence: 93%
“…Entrepreneurial firms often operate in industries characterized by high market dynamism and short product lifecycles, such as high-tech industries (Moriarty and Kosnik, 1989), and there is a stronger influence of EO on firm performance compared to industries with low levels of technological development (Lisboa et al, 2011). An explanation is that an entrepreneurial strategic posture allows firms to be more efficient in searching for new opportunities which arise in the market (Moreno and Casillas, 2008;Rauch et al, 2009;Wales et al, 2013), and to search in a more proactive way (Alexandrova, 2004;Frank et al, 2010). Proactive behavior also helps firms minimize the threats of product obsolescence and be ahead of competitors.…”
Section: Environmental Conditions In Developed and Emerging Marketsmentioning
confidence: 99%
“…There has been published huge of research in the entrepreneurship field and entrepreneurial orientation, however, most of these researches are in the USA and few empirical studies focused on Europe (Frank, Kessler, & Fink, 2010). There are many definitions for EO, for example, Zahra and Covin (1995) defined it as the potential instrument for refreshing organizations, where can be achieved through innovation, risk-taking, and proactiveness.…”
Section: Entrepreneurial Orientation (Eo)mentioning
confidence: 99%
“…Anderson (2010) reported a negative association between entrepreneurial orientation and business performance; whereas the study of Runyan, Droge and Swinney (2008), Arbaugh, Cox and Camp (2008), and Ambad and Abdul Wahab (2013) found mixed outcomes in the EO -performance relationships. The study of Frank, Kessler and Fink (2010) reported a low correlation between the two constructs. Hence, entrepreneurial orientation to performance relationship studies is inconclusive.…”
Section: Introductionmentioning
confidence: 84%
“…The results showed a mixed-fi nding as entrepreneurial orientation has a positive relationship to net worth (fi nancial performance), while entrepreneurial orientation is negatively related to return on sales. Meanwhile, the study of Frank, Kessler and Fink (2010) on entrepreneurial orientation and business performance showed a low correlation between business performance and entrepreneurial orientation. The study had a sample of eighty fi ve SMEs from electric and electronic industry and was conducted through survey questionnaire.…”
Section: Entrepreneurial Orientation and Business Performancementioning
confidence: 99%