Interrelationship of competencies, orientation, and innovation: Inputs for innovative entrepreneurial framework

Abstract

Entrepreneurs are agents of economic change, creating wealth, reducing unemployment, contributing to industrialization and economic growth, and improving living standards.Innovation is necessary for the company's competitive advantage. No company can survive without advancement; it also plays a central role in entrepreneurship. The study focused on the relationship between entrepreneurial competencies, entrepreneurial orientation, and innovation. Entrepreneurial competencies entail different characteristics that involve knowledge, skills, and personality. Entrepreneurial Orientation represents a firm's strategic posture as demonstrated by the Business's processes, practices, and activities. The research study utilized a descriptive-correlational research design. The sampling design was stratified random sampling with a replacement method. Each province had an equal chance of being selected as a respondent. Hence, those provinces that did not meet the target sample were replaced with other respondents. Some themed restaurants were closed due to the pandemic, and some refused to answer. Two hundred seventy-two employees of Themed Restaurant were the primary respondents who answered a total of 82 adapted-modified questionnaires.Based on the result of the study, entrepreneurial competencies, orientation, and innovation are positively correlated with one another. With this educational institution, the restaurant business and the government should look into the following variables and include them in future studies to sustain economic activity through entrepreneurship.