IDEAS home Printed from https://ideas.repec.org/a/beo/journl/v64y2019i222p147-172.html
   My bibliography  Save this article

The Strategic Choices Of Serbian Entrepreneurs: Are They Entrepreneurially Oriented And Do They Differ By Gender?

Author

Listed:
  • Danijela Stošić Panić

Abstract

This paper focuses on the strategic practice of Serbian entrepreneurs by addressing the issue of their entrepre-neurial orientation. Based on a sample of 101 respondents (randomly drawn from the Serbian Business Registers Agency’s database), the research tries to answer the question of whether Serbian entrepreneurs’ strategic choices in the fields of growth, innovation, and marketing are entrepre-neurially oriented. The paper also reports research on gender differences regarding these issues. The results suggest that Ser-bian entrepreneurs are entrepreneurially oriented when making decisions about growth, innovation, and marketing. Also, Serbian women entrepreneurs are less en-trepreneurially oriented than men when choosing growth strategies, but more entre-preneurially oriented in certain aspects of market orientation. No statistically impor-tant gender differences were found regard-ing innovation strategies.

Suggested Citation

  • Danijela Stošić Panić, 2019. "The Strategic Choices Of Serbian Entrepreneurs: Are They Entrepreneurially Oriented And Do They Differ By Gender?," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(222), pages 147-172, July – Se.
    • Handle: RePEc:beo:journl:v:64:y:2019:i:222:p:147-172
    as

    Download full text from publisher

    File URL: http://www.ekof.bg.ac.rs/wp-content/uploads/2014/04/573.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Henrekson, Magnus & Sanandaji, Tino, 2013. "Small Business Activity Does not Measure Entrepreneurship," Working Paper Series 959, Research Institute of Industrial Economics, revised 26 Jan 2014.
    2. A. Fayolle, 2007. "Entrepreneurship and New Value Creation - The dynamic of the Entrepreneurship Process Cambridge," Post-Print halshs-00275655, HAL.
    3. Elena Bardasi & Shwetlena Sabarwal & Katherine Terrell, 2011. "How do female entrepreneurs perform? Evidence from three developing regions," Small Business Economics, Springer, vol. 37(4), pages 417-441, November.
    4. John Watson, 2002. "Comparing the Performance of Male-and Female-Controlled Businesses: Relating Outputs to Inputs," Entrepreneurship Theory and Practice, , vol. 26(3), pages 91-100, April.
    5. Erik Hurst & Benjamin Wild Pugsley, 2011. "What Do Small Businesses Do?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 42(2 (Fall)), pages 73-142.
    6. Alain Fayolle, 2007. "Entrepreneurship and new value creation : The dynamic of the entrepreneurial process," Post-Print hal-02298095, HAL.
    7. Candida G. Brush, 1992. "Research on Women Business Owners: Past Trends, a New Perspective and Future Directions," Entrepreneurship Theory and Practice, , vol. 16(4), pages 5-30, July.
    8. Hagen, Birgit & Zucchella, Antonella & Cerchiello, Paola & De Giovanni, Nicolò, 2012. "International strategy and performance—Clustering strategic types of SMEs," International Business Review, Elsevier, vol. 21(3), pages 369-382.
    9. Alain Fayolle, 2007. "Entrepreneurship and new value creation," Post-Print hal-01892768, HAL.
    10. Reyes Aterido & Mary Hallward-Driemeier, 2011. "Whose business is it anyway?," Small Business Economics, Springer, vol. 37(4), pages 443-464, November.
    11. Danes, Sharon M. & Stafford, Kathryn & Loy, Johnben Teik-Cheok, 2007. "Family business performance: The effects of gender and management," Journal of Business Research, Elsevier, vol. 60(10), pages 1058-1069, October.
    12. Leora Klapper & Inessa Love, 2010. "New Firm Creation," World Bank Publications - Reports 11078, The World Bank Group.
    13. Rajesh K. Singh & Suresh K. Garg & S.G. Deshmukh, 2007. "Strategy development for competitiveness: a study on Indian auto component sector," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 56(4), pages 285-304, May.
    14. Kanbur, S M, 1979. "Of Risk Taking and the Personal Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 769-797, August.
    15. Morgan P. Miles & Danny R. Arnold, 1991. "The Relationship between Marketing Orientation and Entrepreneurial Orientation," Entrepreneurship Theory and Practice, , vol. 15(4), pages 49-66, July.
    16. Yoon Lee & Cynthia Jasper & Margaret Fitzgerald, 2010. "Gender Differences in Perceived Business Success and Profit Growth Among Family Business Managers," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 458-474, December.
    17. Parker,Simon C., 2009. "The Economics of Entrepreneurship," Cambridge Books, Cambridge University Press, number 9780521728355, March.
    18. A. Fayolle, 2007. "Entrepreneurship and New Value Creation – The Dynamic of the Entrepreneurial ProcessCambridge," Post-Print halshs-00312163, HAL.
    19. Davis, Alan & Olson, Eric M., 2008. "Critical competitive strategy issues every entrepreneur should consider before going into business," Business Horizons, Elsevier, vol. 51(3), pages 211-221.
    20. Jeffrey G. Covin & Dennis P. Slevin, 1989. "Strategic management of small firms in hostile and benign environments," Strategic Management Journal, Wiley Blackwell, vol. 10(1), pages 75-87, January.
    21. Kihlstrom, Richard E & Laffont, Jean-Jacques, 1979. "A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 719-748, August.
    22. Mthanti, Thanti & Ojah, Kalu, 2017. "Entrepreneurial orientation (EO): Measurement and policy implications of entrepreneurship at the macroeconomic level," Research Policy, Elsevier, vol. 46(4), pages 724-739.
    23. Danny Miller, 1983. "The Correlates of Entrepreneurship in Three Types of Firms," Management Science, INFORMS, vol. 29(7), pages 770-791, July.
    24. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, December.
    25. Parker,Simon C., 2009. "The Economics of Entrepreneurship," Cambridge Books, Cambridge University Press, number 9780521899604, March.
    26. Luliya Teeratansirikool & Sununta Siengthai & Yuosre Badir & Chotchai Charoenngam, 2013. "Competitive strategies and firm performance: the mediating role of performance measurement," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 62(2), pages 168-184, January.
    27. Gundry, Lisa K. & Welsch, Harold P., 2001. "The ambitious entrepreneur: High growth strategies of women-owned enterprises," Journal of Business Venturing, Elsevier, vol. 16(5), pages 453-470, September.
    28. Terri R. Lituchy & Martha A. Reavley, 2004. "Women Entrepreneurs: A Comparison of International Small Business Owners in Poland and the Czech Republic," Journal of International Entrepreneurship, Springer, vol. 2(1_2), pages 61-87, March.
    29. Jintong Tang & Zhi Tang & Yuli Zhang & Qianwen Li, 2007. "The Impact Of Entrepreneurial Orientation And Ownership Type On Firm Performance In The Emerging Region Of China," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 12(04), pages 383-397.
    30. Watson, John & Stuetzer, Michael & Zolin, Roxanne, 2017. "Female underperformance or goal-oriented behavior?," MPRA Paper 88403, University Library of Munich, Germany.
    31. Cliff, Jennifer E., 1998. "Does one size fit all? exploring the relationship between attitudes towards growth, gender, and business size," Journal of Business Venturing, Elsevier, vol. 13(6), pages 523-542, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Danijela Stošić, 2016. "Aspects Of The Business Success Important To Female Entrepreneurs In Urban Areas Of The Republic Of Serbia – A Pilot Study," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 61(208), pages 121-136, January -.
    2. Willis, David Brian & Hughes, David W. & Boys, Kathryn A., 2018. "An Unconditional Quantile Analysis of the Determinants of Self-Employed Income across Regional Economies: An Initial Assessment," 2018 Annual Meeting, August 5-7, Washington, D.C. 274498, Agricultural and Applied Economics Association.
    3. Bartz, Wiebke & Winkler, Adalbert, 2016. "Flexible or fragile? The growth performance of small and young businesses during the global financial crisis — Evidence from Germany," Journal of Business Venturing, Elsevier, vol. 31(2), pages 196-215.
    4. Martin Koudstaal & Randolph Sloof & Mirjam van Praag, 2016. "Risk, Uncertainty, and Entrepreneurship: Evidence from a Lab-in-the-Field Experiment," Management Science, INFORMS, vol. 62(10), pages 2897-2915, October.
    5. Wei-Loon Koe, 2016. "The relationship between Individual Entrepreneurial Orientation (IEO) and entrepreneurial intention," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-11, December.
    6. Opromolla, Luca David & Dell’Era, Michele & Santos-Pinto, Luis, 2018. "A General Equilibrium Theory of Occupational Choice under Optimistic Beliefs about Entrepreneurial Ability," CEPR Discussion Papers 13225, C.E.P.R. Discussion Papers.
    7. Elert, Niklas & Henrekson, Magnus & Stenkula, Mikael, 2017. "Institutional Reform for Innovation and Entrepreneurship: An Agenda for Europe," Working Paper Series 1150, Research Institute of Industrial Economics, revised 16 Feb 2017.
    8. Nam Kyoon N. Kim & Simon C. Parker, 0. "Entrepreneurial homeworkers," Small Business Economics, Springer, vol. 0, pages 1-25.
    9. Nam Kyoon N. Kim & Simon C. Parker, 2021. "Entrepreneurial homeworkers," Small Business Economics, Springer, vol. 57(3), pages 1427-1451, October.
    10. Vladasel, Theodor & Lindquist, Matthew J. & Sol, Joeri & van Praag, Mirjam, 2021. "On the origins of entrepreneurship: Evidence from sibling correlations," Journal of Business Venturing, Elsevier, vol. 36(5).
    11. Catherine Laffineur & Saulo Dubard Barbosa & Alain Fayolle & Emeran Nziali, 2017. "Active labor market programs’ effects on entrepreneurship and unemployment," Small Business Economics, Springer, vol. 49(4), pages 889-918, December.
    12. Ross Levine & Yona Rubinstein, 2018. "Selection into Entrepreneurship and Self-Employment," NBER Working Papers 25350, National Bureau of Economic Research, Inc.
    13. Jolanda Hessels & Udo Brixy & Wim Naudé & Thomas Gries, 2014. "Skill Variety, Innovation and New Business Formation," Tinbergen Institute Discussion Papers 14-011/VII, Tinbergen Institute.
    14. Aymeric Bellon & J. Anthony Cookson & Erik P. Gilje & Rawley Z. Heimer, 2020. "Personal Wealth and Self-Employment," NBER Working Papers 27452, National Bureau of Economic Research, Inc.
    15. Sara Poggesi & Michela Mari & Luisa Vita, 2016. "What’s new in female entrepreneurship research? Answers from the literature," International Entrepreneurship and Management Journal, Springer, vol. 12(3), pages 735-764, September.
    16. Desislava I. Yordanova, 2008. "Gender Effects on Performance in Bulgarian Private Enterprises," Working Papers 0806, Departament Empresa, Universitat Autònoma de Barcelona, revised Oct 2008.
    17. Michele Dell'Era & Luca David Opromolla & Luís Santos‐Pinto, 2023. "Can optimism solve the entrepreneurial earnings puzzle?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(1), pages 139-169, January.
    18. F.C. Stam & Andrew van de Ven, 2018. "Entrepreneurial Ecosystems: A Systems Perspective," Working Papers 18-06, Utrecht School of Economics.
    19. Audrey Light & Robert Munk, 2018. "Business Ownership versus Self†Employment," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 57(3), pages 435-468, July.
    20. Sari Pekkala Kerr & William R. Kerr & Tina Xu, 2017. "Personality Traits of Entrepreneurs: A Review of Recent Literature," NBER Working Papers 24097, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    entrepreneurship; strategy; gender;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:beo:journl:v:64:y:2019:i:222:p:147-172. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Goran Petrić (email available below). General contact details of provider: https://edirc.repec.org/data/efbeoyu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.