Failure learning orientation, entrepreneurial orientation, and financial performance among U.S. biotechnology firms

Wilson, Grant Alexander; Perepelkin, Jason

doi:10.1080/00472778.2020.1816434

Cited by 26 publications

(15 citation statements)

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“…The inconclusive results in the relation of entrepreneurial orientation and performance come, in part, from different environmental conditions (Shirokova et al, 2016) and even by the characteristics of the main managers (Cannavale et al, 2020;Bauweraerts et al, 2021). For the context of technology-based companies, this literature is even more incipient (Wilson and Perepelkin, 2020). For example, in many of these new startups, entrepreneurs have already founded and failed other companies, and all these experiences shape their current orientations to innovate, take risks and be proactive (Dabi c et al, 2021).…”

Section: Green Entrepreneurial Orientation Green Process Innovation A...mentioning

confidence: 99%

“…, 2021). For the context of technology-based companies, this literature is even more incipient (Wilson and Perepelkin, 2020). For example, in many of these new startups, entrepreneurs have already founded and failed other companies, and all these experiences shape their current orientations to innovate, take risks and be proactive (Dabić et al.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

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The role of green process innovation translating green entrepreneurial orientation and proactive sustainability strategy into environmental performance

Frare

Beuren

2021

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PurposeThis paper analyzes the mediating role of green process innovation in the relationships of green entrepreneurial orientation and proactive sustainability strategy with environmental performance.Design/methodology/approachThe authors analyze data from 81 Brazilian agriculture technology startups (AgTechs) using partial least squares–structural equation modeling (PLS-SEM) and fuzzy-set qualitative comparative analysis (fsQCA).FindingsThe results show that the green process innovation assumes an important role in AgTechs, promoting full mediations between green entrepreneurial orientation and proactive sustainability strategy with environmental performance. There are two ways for AgTechs to achieve high environmental performance. In both, green process innovation is a central condition, while green entrepreneurial orientation or proactive sustainability strategy is a complementary condition.Research limitations/implicationsThis study demonstrates how internal elements (green entrepreneurial orientation, proactive sustainability strategy and green process innovation) improve environmental performance. This answers calls to explore which elements translate green entrepreneurial orientation and proactive sustainability strategies into environmental performance, by highlighting the mediating role of green process innovation.Practical implicationsThe findings are useful for founders and managers of AgTechs to find ways to manage sustainable technological advancement and cleaner production in agribusiness.Originality/valueThis study analyses the interface between sustainable entrepreneurship, strategy and innovation in promoting environmental performance of AgTechs from an emerging economy country.

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Section: Green Entrepreneurial Orientation Green Process Innovation A...mentioning

confidence: 99%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The role of green process innovation translating green entrepreneurial orientation and proactive sustainability strategy into environmental performance

Frare

Beuren

2021

JSBED

View full text Add to dashboard Cite

show abstract

“…, 2015). Therefore, within this context, it becomes fundamental to analyze the main biases influencing the decision-maker's reasoning (Wilson and Perepelkin, 2020).…”

Section: Conceptual Backgroundmentioning

confidence: 99%

“…Subsequently, Gino and Pisano (2011) and Wilson and Perepelkin (2020) underlined that an excess of overconfidence can make individuals believe they do not need to change anything in their conduct. More in detail, Winkler et al.…”

Section: Conceptual Backgroundmentioning

confidence: 99%

“…More in detail, their poor performances are often triggered by inadequate strategic decisions (Francioni et al, 2015). Therefore, within this context, it becomes fundamental to analyze the main biases influencing the decision-maker's reasoning (Wilson and Perepelkin, 2020). Among these biases, overconfidence represents a key feature of individual decisions (Winkler et al, 2021;Wang et al, 2020;Kollmann et al, 2019;Walter and Heinrichs, 2015).…”

Section: Overconfidence and Sdmp In The Smes Contextmentioning

confidence: 99%

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Decision-maker's overconfidence and international performance: the role of the adoption of intuitive practices

Musso

Francioni

Curina

et al. 2022

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PurposeThe paper analyses the influence of the decision-makers' overconfidence on the intuitive practices' adoption, as well as on the international performance during international strategic decision-making processes (SDMPs) of small- and medium-sized enterprises (SMEs). Moreover, the study investigates the possible mediating effect of intuition on the relationship between overconfidence and international performance.Design/methodology/approachA semi-structured questionnaire based on a sample of 160 SMEs and a regression analysis have been employed.FindingsResults show a negative relationship between intuition and international performance and a positive one between overconfidence and international performance. Furthermore, a negative relation between overconfidence and intuition has been identified. Findings also highlight the mediating role of intuition in the relationship between overconfidence and international performance.Practical implicationsThe paper provides valuable implications related to the analysis of overconfidence as a critical decision-maker's character and intuition as a feature of the decision-making methodology. Moreover, the study offers indications for SMEs facing complex strategic decisions.Originality/valueThe paper adopts an original perspective by combining the SDMP analysis with that of international strategy within the SMEs context. Additionally, the study enriches the existing literature by (1) investigating overconfidence in the decision-making; (2) enhancing the examination of overconfidence and intuitive practices in the international SDMP; (3) deepening the research field focused on the identification of the intuitive processes' predictors that is still in its infancy.

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How does entrepreneur core self‐evaluation affect entrepreneurial orientation in social enterprises? Evidence from China

Peng,

Chen,

et al. 2023

Nonprofit Mgmnt & Ldrshp

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With the global trend of sustainable development, traditional nonprofit organizations are facing the challenge of economic value creation. Entrepreneurship offers a possibility for nonprofit organizations to survive with innovative business methods. Entrepreneurial orientation (EO) reflects the degree of innovativeness, proactiveness, and risk‐taking in terms of organizational entrepreneurial behavior. Research on the mechanisms of EO formation in a social context is still in the exploratory stage. While a large number of studies have explored dimensional modifications to EO, it has yet to consider how EO in a social context is affected at the individual level. To address this gap, we explain the potential impact of social entrepreneurs’ core self‐evaluation (CSE) on EO from social cognitive theory using a sample of Chinese social enterprises. The findings suggest that CSE has a significant positive effect on EO. We also distinguish the partially mediating role played by the two approaches and avoidance motives. The findings also suggest that the high socioeconomic status of social entrepreneurs strengthens the relationship between CSE and EO, as well as the relationship between CSE and both motives. Our findings provide valuable insights into the decision‐making behavior of social enterprises for sustainable development.

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Failure learning orientation, entrepreneurial orientation, and financial performance among U.S. biotechnology firms

Cited by 26 publications

References 50 publications

The role of green process innovation translating green entrepreneurial orientation and proactive sustainability strategy into environmental performance

The role of green process innovation translating green entrepreneurial orientation and proactive sustainability strategy into environmental performance

Decision-maker's overconfidence and international performance: the role of the adoption of intuitive practices

How does entrepreneur core self‐evaluation affect entrepreneurial orientation in social enterprises? Evidence from China

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