Innovativeness as a determinant of entrepreneurial orientation: analysis of the hotel sector

Abstract

This paper analyses entrepreneurial orientation as a composite formed of innovation, proactiveness and risk-taking. The empirical data for this study were gathered from a survey sent to hotel managers. The fieldwork was carried out between January and June 2018. The process provided 102 valid questionnaires. Two methods were used: structural equation modelling (PLS-SEM) and fuzzy-set qualitative comparative analysis (fsQCA). This study makes six key contributions and findings. First, the use of these two methods provides robust and reliable results. Second, reliability and validity values for innovativeness, proactiveness and risktaking are satisfactory. Third, the operationalisation of entrepreneurial orientation using the latent variables of innovativeness, proactiveness and risk-taking is satisfactory in terms of reliability and validity. Fourth, these three dimensions have a positive and significant influence on entrepreneurial orientation. Fifth, innovativeness is the most important dimension of entrepreneurial orientation. Sixth, innovativeness is a necessary and sufficient condition for entrepreneurial orientation. ARTICLE HISTORY

The Consequences of Intrapreneurship in Exporting Firms: A Structural-model Approach

“…As the indirect effect mediated by the IO factor is stronger than the direct effect between EO-Performance, we believe and in line to the findings of Pinho and Prange (2016) (Kilic, Ulusoy, Gunday, & Alpkan, 2015;Kyrgidou & Spyropoulou, 2013;Lintukangas, Kähkönen, & Hallikas, 2019). Rutherford and Holt (2007) and Hernández-Perlines et al (2019) underline innovativeness as the main key of the EO construct and are therefore in line with our findings; indeed, this has also been found to be the case in other Portuguese studies (Franco & Haase, 2013).…”

“…Ferreira (2007) on the Portuguese economy. Moreover, even maintaining the core items (Hernández-Perlines et al, 2019;Rutherford & Holt, 2007), a more robust demonstration of the EO construct validity and/or reliability would be desirable; in fact, the two items related to risk had to be removed due to their low factor loadings and low individual reliability. This evidence indicates that Portuguese exporters display a high level of risk aversion.…”

A Multidimensional Study of Absorptive Capacity and Innovation Capacity and Their Impact on Business Performance

“…We understand innovation as a firm’s ability to exploit knowledge and thereby generate new products, services, and processes ( McDowell et al, 2018 ). However, innovation always involves a certain amount of risk, which is why the results are not always satisfactory ( Hernández-Perlines et al, 2020 ).…”

Effects of entrepreneurial orientation and external business environment on entrepreneurial intentions of STEM students in Nigeria

“…However, literature recently began to use entrepreneurial orientation as an individual entrepreneur construct and sometimes referred to it as individual entrepreneurial orientation or intrapreneurial orientation (Koe, 2016;Schachtebeck et al, 2019). According to the reviewed literature, the most used proxies for entrepreneurial orientation have been innovativeness, proactiveness and risk-taking (Koe, 2016;Núñez-Pomar et al, 2016;Linton & Kask, 2017;Al Mamun et al, 2017;Hernández-Perlines et al, 2020). These studies have revealed that successful entrepreneurs often possess characteristics such as: the need for achievement, the ability to ensure locus of control, a high self-esteem, and an innovativeness capability (Abdul-Mohsin et al, 2012).…”

“…These studies have revealed that successful entrepreneurs often possess characteristics such as: the need for achievement, the ability to ensure locus of control, a high self-esteem, and an innovativeness capability (Abdul-Mohsin et al, 2012). Other variables that have been used in past works to capture entrepreneurial orientation include: having self-confidence, being committed to completing tasks, having an extensive network of friends and colleagues, eagerness to use new technologies, searching for new opportunities, and being resilient (Koe, 2016;Randerson, 2016;Wales, 2016;Al Mamun et al, 2017;Barba-Sánchez & Atienza-Sahuquillo, 2018;Hernández-Perlines et al, 2020). Hence, the present study used the variables explored in previous studies listed above.…”