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Strategic decision making and innovative performance of micro and small enterprises

Author

Listed:
  • Nadežda Jankelová

    (University of Economics in Bratislava, Slovakia)

  • Zuzana Joniaková

    (University of Economics in Bratislava, Slovakia)

Abstract

The aim of the study is to examine the relationship between strategic decision speed and innovative performance of micro and small enterprises. Attention is focused not only on the direct effect of these two variables, but also its mediation by sharing information and at the same time moderating this effect on the one hand by the polychronicity of managers in strategic decision-making, goal congruence and trust in companies. The sample consisted of 244 respondents. Processing using PLS-SEM method in SmartPLS 3.0 software. The direct relationship between strategic decision speed and innovative performance of micro and small enterprises has not proved significant. Information sharing plays an important role in this relationship. The overall positive effect is also amplified by the effective goal congruence and organizational trust in the role of moderators. The importance of polychronicity on the intensity of the investigated relationship was not confirmed.

Suggested Citation

  • Nadežda Jankelová & Zuzana Joniaková, 2022. "Strategic decision making and innovative performance of micro and small enterprises," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(3), pages 242-264, March.
    • Handle: RePEc:ssi:jouesi:v:9:y:2022:i:3:p:242-264
    DOI: 10.9770/jesi.2022.9.3(15)
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    References listed on IDEAS

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    1. J. Robert Baum & Stefan Wally, 2003. "Strategic decision speed and firm performance," Strategic Management Journal, Wiley Blackwell, vol. 24(11), pages 1107-1129, November.
    2. Wei, Shanting & Zhang, Zhuo & Ke, Ginger Y. & Chen, Xintong, 2019. "The more cooperation, the better? Optimizing enterprise cooperative strategy in collaborative innovation networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 534(C).
    3. Necmi K. Avkiran & Christian M. Ringle (ed.), 2018. "Partial Least Squares Structural Equation Modeling," International Series in Operations Research and Management Science, Springer, number 978-3-319-71691-6, September.
    4. Hecht, Tracy D. & Allen, Natalie J., 2005. "Exploring links between polychronicity and well-being from the perspective of person-job fit: Does it matter if you prefer to do only one thing at a time?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 98(2), pages 155-178, November.
    5. Daniele Cerrato & Mariacristina Piva, 2015. "The Effect of Global Orientation on the Performance of International New Ventures: Evidence from Italy," Management International Review, Springer, vol. 55(6), pages 857-883, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    micro and small enterprises; strategic decision making; speed; innovative performance; information sharing; polychronicity; Slovakia;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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