Entrepreneurial orientation dimension affects firm performance: A perspective from the Malaysian furniture industry

Akbar, Fazal; Khan, Rao Aamir; Wadood, Fazli; Bon, Abdul Talib

doi:10.15678/eber.2020.080409

Cited by 22 publications

(25 citation statements)

References 91 publications

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“…Hypothesis H1a states that innovativeness affects firm performance, the result shows positivity, which is consistent with the previous studies such as Akbar, Khan, Wadood, and Bon Bin, 2020;Cannavale and Nadali, 2019;Yoo et al, 2016;Wang and Yen, 2012;Casillas and Moreno, 2010. The results for hypotheses are H1c risk-taking, H1e competitive aggressiveness, H2 outbound innovation are supported.…”

Section: Discussionsupporting

confidence: 89%

Adoption of open innovation and entrepreneurial orientation practices in Malaysian furniture industry

Wadood¹,

Al-Shaikh²,

Akbar³

et al. 2022

EBER

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The main objective of this research is to integrate the resource-based view (RBV) to analyse how the relationship between firm performance and entrepreneurial orientation is mediated by outbound innovation among furniture firms in Malaysia. Research Design & Methods:In this research, data has been poised via questionnaire from the furniture firms in Johor state, Malaysia. In this study, 391 responses were considered and analysed. The partial least squares (PLS) model was employed to test the hypothetical relationships among entrepreneurial orientation, firm performance and outbound innovation intention to adopt open innovation practices. Findings: Research findings show that innovativeness, competitive aggressiveness, risk-taking, outbound innovation are statistically significant factors influencing entrepreneurial orientation and open innovation adoption among furniture companies in Malaysia. However, autonomy and proactiveness do not have significant effects on entrepreneurial orientation and open innovation adoption intention. Implications & Recommendations: Few implications that are significant for academics and practitioners are also debated according to research findings. This research can serve as a guideline for successfully implementing entrepreneurial orientation and open innovation among furniture firms in an emerging economy. Thus, offering an external knowledge search-collaboration mechanisms-superior performance framework. Through using this open approach, companies will seek to find opportuni9es for crea9vity that go beyond their current capabilities to dramatically boost success. Contribution & Value Added: This research, expanding the open innovation (OI) paradigm, explicates and measures the impact of OI's direct and mediating inputs on entrepreneurial orientation (EO) and firm performance. The results are consistent with the current OI literature demonstrating the complex connection among together outbound innovation and EO dimensions and firm performance by investigating Malaysian furniture manufacturers by building scales and evaluating their validity by developing outbound innovation. The initial findings are direct ties between entrepreneurial orientation dimensions with business performance and outbound open innovation. All the indirect (mediation) relations among the study variables were the second part of the results.

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Section: Discussionsupporting

confidence: 89%

Adoption of open innovation and entrepreneurial orientation practices in Malaysian furniture industry

Wadood¹,

Al-Shaikh²,

Akbar³

et al. 2022

EBER

Self Cite

View full text Add to dashboard Cite

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“…On the other hand, Wiklund and Shepherd (2005) posited that the performance of the firms could be determined through the internal environment in which the firm operates. These points of view suggest that the behavior of EO cannot be generalized across industries (Akbar et al, 2020). There are many dimensions of EO that depict firm performance, but this study is only anchored on innovativeness, proactiveness and risk-taking proposed by Miller (1983).…”

Section: Literature Reviewmentioning

confidence: 99%

Entrepreneurial orientation and SME performance: The mediating role of learning orientation

Meekaewkunchorn

Szczepańska-Woszczyna

Muangmee

et al. 2021

Economics &Amp; Sociology

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“…Among the attributes of entrepreneurial orientation dimensions, Wach (2015) lists predicting future market changes and opportunity identification and creation for the proactiveness dimension and competitive advantage, alongside aggressive posturing relative to competitors for the competitive aggressiveness dimension. Furthermore, Akbar, Khan, Wadood, and Bin Bon (2020) suggest that deep understanding of trends and market demands is essential for entrepreneurial orientation. These represent a strong coherence with customer and competitor orientations, so we may assume that in these research streams appear several connections or underlying similar assumptions.…”

Section: Resultsmentioning

confidence: 99%

Impact of market orientation on competitiveness: Analysis of internationalized medium-sized and large enterprises

Stocker¹,

Várkonyi²

2022

EBER

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The objective of this article is to identify the impact of market orientation and its elements on company competitiveness of internationalized medium-sized and large enterprises present in Central Eastern Europe and Western Europe in the period of economic growth. Research Design & Methods: Quantitative large sample statistical analysis was conducted on a sample of Hungarian internationalized medium-sized and large enterprises (n=119). Data was obtained by the survey method, the MKTOR scale was implemented in the survey and financial data was also included. The sample is representative for size, and the sample size is larger than required. Factor analysis was used to determine the components of market orientation, regression analysis was used to test the hypotheses, and Chi-square test was used to determine differences in the elements of customer orientation. Findings: Market orientation influences the competitiveness of internationalized medium-sized and large enterprises present in Central Eastern Europe and Western Europe. Among the components of market orientation, competitor orientation had the most significant and most powerful impact on competitiveness and on market performance as well. Interfunctional coordination had significant impact on adaptivity and operationality. However, customer orientation did not have significant impact on either competitiveness or its elements because customer orientation became a threshold capability of the internationalized medium-sized and large enterprises present in Central Eastern Europe and Western Europe. Implications & Recommendations: Executive managers of internationalized medium-sized and large enterprises should focus on competitor orientation if they wish to increase their competitiveness and market performance, while maintaining their companies' high level of customer orientation. If managers want to increase their companies' adaptivity and operationality, they should also focus on interfunctional coordination procedures. Contribution & Value Added:The main contribution of the article is that customer orientation is a threshold capability of internationalized medium-sized and large enterprises. Moreover, we prove that market orientation and especially competitor orientation increases the competitiveness of internationalized mediumsized and large companies. Article type:research article

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Entrepreneurial orientation dimension affects firm performance: A perspective from the Malaysian furniture industry

Cited by 22 publications

References 91 publications

Adoption of open innovation and entrepreneurial orientation practices in Malaysian furniture industry

Adoption of open innovation and entrepreneurial orientation practices in Malaysian furniture industry

Entrepreneurial orientation and SME performance: The mediating role of learning orientation

Impact of market orientation on competitiveness: Analysis of internationalized medium-sized and large enterprises

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