Entrepreneurial Thinking and Small Business performance: The Case of Beneficiary Companies of Jordanian Erada Program

Abstract

This paper focused on the relationship between the four main dimensions of entrepreneurial thinking and the performance of 384 Jordanian companies. A survey of 384 small companies exposed the presence of a direct and positive relationship between the four dimensions of entrepreneurial thinking, namely identification of opportunity, risk-taking, tolerance ambiguity and creative and innovative, and performance. The findings highlighted the idea that the more the Jordanian companies identify their opportunities, accept the risk of success or failure, accept tolerance ambiguity and encourage the innovation, the more they will improve their performance. Furthermore, the outcome of the four relationships; innovation-performance, risk taking-performance, tolerance ambiguity-performance and opportunity identification-performance is enormous and statistically significant. This study offered references for enterprises of how their entrepreneurial thinking positively influences their performance.

Impact of organizational characteristics on employees’ entrepreneurial orientation with mediating role of knowledge process capabilities and moderating role of psychological factors in the era of COVID-19

“… Ali et al (2017) delineated entrepreneurial orientation as the top management’s initiative in undertaking risky activities as well as being proactive and innovative. Other contemporary researchers demarcated entrepreneurial orientation as the strategic orientation in accepting distinct entrepreneurial outlooks involving practices, methods, and decision-making processes ( Alhnaity et al, 2016 ; Capatina and Rancati, 2017 ; Capatina et al, 2017 ; Covin and Wales, 2019 ; Karimi and Nabavi Chashmi, 2019 ).…”