A systematic literature analysis on entrepreneurial orientation and business performance

Abstract

Purpose-Entrepreneurial Orientation (EO) has received substantial attention in entrepreneurship research in recent years. However, this aspect has not been fully considered in relation to graduate entrepreneurs in the university systems. This article aims to investigate the relationship between Entrepreneurial Orientation and Business Performance. Methodology-15 empirical research and 126 articles published in relevant journals were selected through major indexes: ISI, SCOPUS and Google Search. The methodology incorporated theses and articles which showed a relationship with the two constructs from 2000 to 2018. This article proposes a conceptual model consisting of some specific dimensions of EO: entrepreneurship desire, innovativeness, proactiveness, risk-taking and networking capability. Findings-The limited number of research conducted in this area previously does not cover the issues of graduate entrepreneurs and numerous doubts on EO remain unanswered. Conclusion-The proposed recommendations strongly advocate for future empirical research of this topic, whereby it would add new pragmatic knowledge to the existing.

The influence of total quality management toward organization performance

“…Further, it can be the outcome accomplished by a person, team, organization, or process (Mahfouz, 2019). Small business commonly assesses business/organization performance in terms of economic perspective (Ranasinghe et al, 2018). Nevertheless, it might be measured in terms of social contribution and personal satisfaction (Ranasinghe, 2018), spiritual perspective, customer perspective, learning and growth perspective (Ranasinghe et al, 2018).…”

“…Small business commonly assesses business/organization performance in terms of economic perspective (Ranasinghe et al, 2018). Nevertheless, it might be measured in terms of social contribution and personal satisfaction (Ranasinghe, 2018), spiritual perspective, customer perspective, learning and growth perspective (Ranasinghe et al, 2018). An integrated approach to organizational performance generates delivery of ever-improving value to customers and stakeholders, assists organization sustainability, enhances the organization capabilities and effectiveness as a whole and leads to better performance (Evans, 2017).…”

The entrepreneurial orientation of LGBT Brazilian start‐ups: Context and antecedents

“…In addition to financial gains, studies convey how the results of accepting risks, thus being able and prepared to deal with the insecurity that exists in companies' internal and external business environments, may also bring non‐financial benefits to entrepreneurs (Ranasinghe et al, 2018). Studies also identify how there is a relationship between this dimension and the satisfaction of entrepreneurs with their personal lives even to the extent of becoming a perceived benefit greater than the satisfaction deriving from the professional role or its financial gains (Ranasinghe et al, 2018; Sriprasert, 2013).…”

“…In addition to financial gains, studies convey how the results of accepting risks, thus being able and prepared to deal with the insecurity that exists in companies' internal and external business environments, may also bring non‐financial benefits to entrepreneurs (Ranasinghe et al, 2018). Studies also identify how there is a relationship between this dimension and the satisfaction of entrepreneurs with their personal lives even to the extent of becoming a perceived benefit greater than the satisfaction deriving from the professional role or its financial gains (Ranasinghe et al, 2018; Sriprasert, 2013). Hence, based on these prior relationships and the interviews carried out by this study, we would propose the following two propositions for this study:Proposition LGBT entrepreneurs who take risks in their businesses raise their chances of obtaining high levels of personal reputation. Proposition LGBT entrepreneurs who take risks in their businesses raise their chances of obtaining high levels of financial benefits.…”

Literature Study on Entrepreneurial Orientation and Firms Performance: An Assessment and Suggestions for Future Research

“…Furthermore, the contingency approach is based on behavioral aspects, the EO dimensions can be specified as risk-taking, autonomy, and competitive aggressiveness (Taatila, also claimed that EO acts like the predictive value of growth and so it is vital for firms to develop strategies to improve or enhance various aspects of EO like pro-activeness and innovativeness. Further, learning theories have been used to depict the experiences of entrepreneurs and to examine entrepreneurial intention (Ranasinghe et al, 2018). It was conferred that the learning theory supports learning of the business setting and associated business stakeholders.…”