Entrepreneurial management, entrepreneurial orientation and Turkish small firm growth

Purpose – The purpose of this paper is to investigate the relationship between entrepreneurial orientation (EO) and entrepreneurial management (EM) and their impact on small firm growth. EO is regarded as the strategic dimension and it is assumed that EO will determine the extent of EM practices which will eventually affect firm growth.Design/methodology/approach – A survey was used as a research instrument and was applied to the owner managers of small Turkish enterprises. Data were collected from 221 independently owned and operated small manufacturing firms that employ less than 150 employees in Istanbul.Findings – Results confirm also that in this study EO affects firm growth. The explanatory power of our model increases when EO is accompanied by EM. Therefore, it can be concluded that EO achieves better results when it is supported by the appropriate management activities.Implications – For researchers, the application of these scales in a different setting has important implications. The factor anal...

[1]  P. Davidsson,et al.  Empirical Analysis of Business Growth Factors Using Swedish Data , 2002 .

[2]  Gregory G. Dess,et al.  Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance , 1996 .

[3]  Yadong Luo Environment-strategy-performance relations in small businesses in China: A case of township and village enterprises in Southern China , 1999 .

[4]  D. Slevin,et al.  Strategic management of small firms in hostile and benign environments , 1989 .

[5]  Morgan P. Miles,et al.  Corporate Entrepreneurship and the Pursuit of Competitive Advantage , 1999 .

[6]  P. Davidsson,et al.  Arriving at the high growth firm , 2003 .

[7]  Michael H. Morris,et al.  The concept of entrepreneurial intensity: Implications for company performance , 1996 .

[8]  P. H. Friesen,et al.  Innovation in Conservative and Entrepreneurial Firms: Two Models of Strategic Momentum , 1982 .

[9]  Johan Wiklund Small Firm Growth and Performance : Entrepreneurship and Beyond , 1998 .

[10]  Henry Mintzberg Strategy-Making in Three Modes , 1973 .

[11]  Gregory G. Dess,et al.  Linking Two Dimensions of Entrepreneurial Orientation to Firm Performance: The Moderating Role of Environment and Industry Life Cycle , 2001 .

[12]  D. Slevin,et al.  New Venture Strategic Posture, Structure, and Performance: An Industry Life Cycle Analysis , 1990 .

[13]  Terrence E. Brown,et al.  An operationalization of Stevenson’s conceptualization of entrepreneurship as opportunity-based firm behavior , 2001 .

[14]  David E. Gumpert,et al.  The heart of entrepreneurship , 1985 .

[15]  T. Begley,et al.  Psychological characteristics associated with performence in entrepreneurial firms and smaller businesses , 1987 .

[16]  Sascha Kraus,et al.  Strategic planning in smaller enterprises – new empirical findings , 2006 .

[17]  Danny Miller,et al.  Strategy, Structure, CEO Personality and Performance in Small Firms , 1985 .

[18]  Jeffrey G. Covin,et al.  Entrepreneurial strategy making and firm performance: tests of contingency and configurational models , 1997 .

[19]  P. Davidsson Continued Entrepreneurship: Ability, Need, and Opportunity as Determinants of Small Firm Growth , 1991 .

[20]  D. Shepherd,et al.  Entrepreneurial Orientation and Small Business Performance: A Configurational Approach , 2005 .

[21]  H. Stevenson,et al.  A Paradigm of Entrepreneurship: Entrepreneurial Management * , 1990 .

[22]  P. Nystrom,et al.  Measuring Organizational Growth: Issues, Consequences and Guidelines , 1998 .

[23]  P. H. Friesen,et al.  Archetypes of Strategy Formulation , 1978 .

[24]  D. Slevin,et al.  THE INFLUENCE OF ORGANIZATION STRUCTURE ON THE UTILITY OF AN ENTREPRENEURIAL TOP MANAGEMENT STYLE , 1988 .

[25]  Johan Wiklund,et al.  Entrepreneurship as Growth; Growth as Entrepreneurship , 2006 .

[26]  J. Covin Entrepreneurial Versus Conservative Firms: A Comparison of Strategies and Performance , 1991 .

[27]  P. Davidsson,et al.  Research on small-firm growth : A review , 2005 .

[28]  D. Slevin,et al.  A Conceptual Model of Entrepreneurship as Firm Behavior , 1991 .

[29]  M. Lerner,et al.  Frontiers of Entrepreneurship Research , 2003 .

[30]  David J. Miller,et al.  The Correlates of Entrepreneurship in Three Types of Firms , 1983 .

[31]  J. Murray A CONCEPT OF ENTREPRENEURIAL STRATEGY , 1984 .

[32]  P. Davidsson,et al.  Measuring Growth: Methodological Considerations and Empirical Results , 2006 .

[33]  Per Davidsson,et al.  The Domain of Entrepreneurship Research: Some Suggestions , 2003 .