Entrepreneurial orientation: Growth and profitability of Finnish small- and medium-sized enterprises

Soininen, Juha; Martikainen, Minna; Puumalainen, Kaisu; Kyläheiko, Kalevi

doi:10.1016/j.ijpe.2011.05.029

Cited by 147 publications

(130 citation statements)

References 38 publications

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“…Elsewhere Patel (2011) It has been suggested that entrepreneurship is a broad concept that has not led to a widely held consensus in the entrepreneurship literature regarding its characterization (Lumpkin and Dess, 1996). To address this issue, the emphasis in the entrepreneurship literature has shifted towards entrepreneurial processes and the methods/skills managers can use to act entrepreneurially, namely entrepreneurial orientation (EO) (Lumpkin and Dess, 1996;Soininen et al, 2012). EO thus refers to the processes, practices, and decision-making activities that lead to new entry (Lumpkin and Dess, 1996;Rauch et al, 2009).…”

Section: Manufacturing Capabilities Organizational Performance and Ementioning

confidence: 99%

Customer integration and operational performance: The mediating role of information quality

Chávez

Giménez

et al. 2015

Decision Support Systems

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To date there have been mixed findings about the impact of various manufacturing capabilities on organizational performance. This study investigates entrepreneurial orientation (EO) from the perspective of the Contingency Theory as a potential explanatory variable. The findings are that EO moderates the relationship between capabilities in flexibility and cost and organizational performance. Further, without a sufficient level of EO, there are no benefits to organizational performance and as such EO is positioned as a strategic resource to cultivate and nurture. This study provides insight into the connection between operational capabilities and firm level strategy.Specifically, it appears that EO may be the mechanism whereby manufacturing capabilities are linked to market needs.

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Section: Manufacturing Capabilities Organizational Performance and Ementioning

confidence: 99%

Customer integration and operational performance: The mediating role of information quality

Chávez

Giménez

et al. 2015

Decision Support Systems

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“…In a recent study of Finnish small private companies from various industries (Soininen et al, 2012), EO was found to be positively related to firm's growth pace over several consecutive years, with the risk-taking dimension generating the highest impact on profitability. Additionally, the higher EO level the firm had, the better were its chances to mitigate the repercussions of eco-nomic recession (Soininen et al, 2012).…”

Section: Entrepreneurial Orientationmentioning

confidence: 98%

“…Additionally, the higher EO level the firm had, the better were its chances to mitigate the repercussions of eco-nomic recession (Soininen et al, 2012). Furthermore, entrepreneurial orientation may also have a positive effect on the speed to the market, i.e., on the firm's ability to quickly bring new technologies, products and services to the market (Clausen and Korneliussen, 2012).…”

Section: Entrepreneurial Orientationmentioning

confidence: 99%

Entrepreneurial Orientation in Different Environmental Settings: a Comparative Cross-Country Study

Shirokova¹,

Bogatyreva²,

Beliaeva³

et al. 2015

AMPROC

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While a significant body of literature has explored the link between entrepreneurial orientation (EO) and firm performance, most research has been based in single country settings without taking into account crosscountry differences. In this study, we investigate the relationship between entrepreneurial orientation and firm performance and the moderating role of environmental context in a developed and an emerging market. Our analysis of 104 Russian and 117 Finnish SMEs suggests that in a developed market context the EO dimensions of innovativeness, proactiveness and risk-taking are positively and directly associated with firm performance, while in an emerging market the relationship is moderated by the dynamic and hostile external environment. The specifics of national culture and different stages of institutional development may explain the differences in the way entrepreneurial orientation dimensions relate to firm performance.

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“…The services sector is predicted to accept greater role in generating growth, broadening the economic base and increasing exports in the progressive liberalisation process. Moreover, SMEs play an important role in building the economies after the recession (Soininen et al, 2012). Further, Malaysia needs to increase its diversification of services sectors export arrangement into more promising offerings in order to shift its competition with the emergence of new manufacturing hubs such as Vietnam and Indonesia, which expected to offer lesser operating costs and prices with similar standard of quality.…”

Section: Problems Faced By Smes Of Service Sectorsmentioning

confidence: 99%

Factors enhancing the performance of SMEs’ services sectors: A conceptual framework

Darus

Yunus

Rahman

2017

Int. j. adv. appl. sci

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Small and Medium Enterprises (SMEs) services sector should be competent and capable enough to compete in the international arena. Hence, this conceptual paper is identifying challenges factors that could examine the enhancement of business performance, survival and success. Consequently, SMEs of services sectors' performance must also shift into the global knowledge-based economy. Therefore, the SMEs' business success sustainability highly depends on factors such as innovation, quality and intellectual capital. Furthermore, the strong knowledge of new challenges enables them to access the information of recent customer preferences, added values with current technologies. As a result, this study strives to investigate the factors that enhance the performance of SMEs services sector. In the end, this study, it is expected to contribute to new information and data support to the SMEs' in enhancing their performance in the services sector in central part of Malaysia as well employees, students and researchers. This would be the enabler solution for future challenges.

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Entrepreneurial orientation: Growth and profitability of Finnish small- and medium-sized enterprises

Cited by 147 publications

References 38 publications

Customer integration and operational performance: The mediating role of information quality

Customer integration and operational performance: The mediating role of information quality

Entrepreneurial Orientation in Different Environmental Settings: a Comparative Cross-Country Study

Factors enhancing the performance of SMEs’ services sectors: A conceptual framework

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