Exploratory Research on Relationship between Entrepreneurial Orientation Dimensions and Business Performance and Growth of Fast and Slow Growing Small and Medium Enterprises in Bosnia and Herzegovina

Palalić, Ramo; Bušatlić, Senad

doi:10.5539/ijbm.v10n2p15

Cited by 15 publications

(18 citation statements)

References 47 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In the remainder of this paper we will compare obtained research results with the results of similar researches in the world, given that we did not find papers that dealt with this issue in our environment, with the exception of two papers that were published in Croatia and one research done in BiH. Palalić and Bušatlić (2015) analyzed the environment in which operated fast-growing enterprises (gazelles) and slow growing enterprises (mice) by measuring the dimensions of EO and performance (growth in sales and number of employees) 178 SMEs in BiH. Their results showed a small to moderate significant correlation between the dimensions of EO and business gazelles and mice.…”

Section: Discussionmentioning

confidence: 99%

Effects of the Establishment of Entrepreneurial Orientation on the Performances of Small and Medium Enterprises in Transition Countries: Empirical Evidences from Bosnia and Herzegovina

Petković

Sorak

2019

Zagreb International Review of Economics and Business

View full text Add to dashboard Cite

Bosnia and Herzegovina (BiH) has a relatively low level of entrepreneurial activity as evidenced by GEM reports but also has an economic structure in which SMEs account for about 99% of the total number of enterprises. The goal of this paper was to examine the level of entrepreneurial orientation (EO) and influence of EO on business performances of SMEs in the Republic of Srpska (RS), one of the two BiH entities, in which the empirical research was done. We have used adapted Covin & Slevin (1989) version of the questionnaire. We found out that only 12.28% of sampled SMEs have all three dimensions of EO pronounced. The least pronounced dimension is risk-taking and the most pronounced dimension is proactiveness. Our research did not confirm the impact of EO on selected indicators of business performances.

show abstract

Section: Discussionmentioning

confidence: 99%

Effects of the Establishment of Entrepreneurial Orientation on the Performances of Small and Medium Enterprises in Transition Countries: Empirical Evidences from Bosnia and Herzegovina

Petković

Sorak

2019

Zagreb International Review of Economics and Business

View full text Add to dashboard Cite

show abstract

“…Other literature that shows the importance of TL to gazelles and mice were not found at the moment of this study. In this study, the researcher follows Davidsson and Henrekson (2002), Palalic and Busatlic (2015) who suggest that gazelles are those which have an annual growth of 5% or 10%.…”

Section: Gazelles and Micementioning

confidence: 99%

“…A meta-analysis research (study on 51 articles published in the field of EO) suggests: "the effects of EO on performance can be regarded as moderately large" (Rauch et al, 2009). The most recent findings where EO has a positive effect on business performance was in Indian SMEs (Gupta and Batra, 2015) as well as Palalic and Busatlic (2015) in B&H fast and slow growing SMEs. Thomas and Mueller (2000) suggest that the impact of EO on SMEs performance may differ from country to country.…”

Section: Relationship 1: Entrepreneurial Orientation and Business Permentioning

confidence: 99%

“…The entrepreneurial orientation (EO) dimensions and transformational leadership (TL) style in earlier works are used singularly or in combination when measuring correlation with an effect on business performance of small and medium enterprises (SMEs). Many of the findings on entrepreneurial orientation (Miller, 1983;Covin and Slevin, 1988;Lumpkin and Dess, 2001;Shepherd, 2005, Palalic andBusatlic, 2015) as well as transformational leadership style (Bass and Avolio, 1992, 1994, 1997Yang, 2008;Jandaghi et al, 2009;Chandrakumara et al, 2009;Fazli et al, 2012;Rao, 2012;Aziz et al, 2013aAziz et al, , 2013b suggest that this orientation and transformational leadership style are positively affecting the growth and development of SMEs. Bass and Avolio (2001, p.1) claim that "several thousand leaders in the private sector and community leaders in the public sector" (USA) have undertaken training in full leadership elements, transformational and transactional leadership.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The phenomenon of entrepreneurial leadership in gazelles and mice: a qualitative study from Bosnia and Herzegovina

Palalić¹

2017

WREMSD

Self Cite

View full text Add to dashboard Cite

This study examines the entrepreneurial leadership and business performance in gazelles and mice, using stratified purposive sampling from three sectors: manufacturing, sales and services. Findings suggest that gazelles are more in favour of applying entrepreneurial leadership compared to mice. However, both of them need improvement. Gazelles need to maintain a constant sustainable growth in the market while mice should transform themselves into gazelles. It can be done by creating a positive synergetic effect of entrepreneurial leadership to business performance in both types of firms, in the long term. Likewise, Bosnian government should pave the way for better business surroundings and to promote entrepreneurship development in the region. On the contrary, the government of Bosnia and Herzegovina (B&H) seems to maintain a status quo or even tends to shackle the entrepreneurial activities and opportunities in its business environment.

show abstract

“…Studies such as Zulkifli and Rosli (2013) and Murimbika (2012) found that EO is important for SMEs survival and growth. EO is exhibited in businesses which are proactive, risky tolerant and embark on innovation to stay ahead of possible competitors (Palalic & Busatlic, 2015). Shahraki and Bahraini (2013) note that EO refers to owner or manager's strategy regarding innovation, leadership and risk taking.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Leadership Styles on the Entrepreneurial Orientation of Small and Medium Enterprises in South Africa

Dzomonda¹,

Fatoki²,

Oni³

2017

JEBS

View full text Add to dashboard Cite

The critical role Small and Medium Enterprises play in the economic prosperity of nations cannot be understated. SMEs actively contribute towards economic growth and development through their active role as innovators and agents for change. The authors of this paper believe that leadership styles exercised by SME owners have a bearing on the innovative ability of SMEs. Hence, this paper aimed at investigating the impact of leadership styles on the entrepreneurial orientation of SMEs in Polokwane Municipality. A quantitative research method was used and 103 SMEs participated in the survey. The random sampling technique was used. Self-administered questionnaires were utilised to collect data in a survey. Data analysis included descriptive statistics, Pearson’s correlation and regression analysis. Reliability of the data collection instruments was measured using the Cronbach’s alpha. The results indicated that the SMEs display average levels of entrepreneurial orientation. In addition, the results showed that SMEs display average levels of leadership styles inclined towards transformational leadership style. Furthermore, the results showed a significant positive relationship between the independent variables: leadership styles with the dependent variable (EO) of SMEs. SMEs were recommended to provide flexible leadership styles that will make EO to flourish in their businesses. Furthermore, the policy makers and relevant authorities were recommended to devise and implement a consortium of strategies and policies that can increase the level of entrepreneurial orientation among SMEs in South Africa.

show abstract

Exploratory Research on Relationship between Entrepreneurial Orientation Dimensions and Business Performance and Growth of Fast and Slow Growing Small and Medium Enterprises in Bosnia and Herzegovina

Cited by 15 publications

References 47 publications

Effects of the Establishment of Entrepreneurial Orientation on the Performances of Small and Medium Enterprises in Transition Countries: Empirical Evidences from Bosnia and Herzegovina

Effects of the Establishment of Entrepreneurial Orientation on the Performances of Small and Medium Enterprises in Transition Countries: Empirical Evidences from Bosnia and Herzegovina

The phenomenon of entrepreneurial leadership in gazelles and mice: a qualitative study from Bosnia and Herzegovina

The Impact of Leadership Styles on the Entrepreneurial Orientation of Small and Medium Enterprises in South Africa

Contact Info

Product

Resources

About