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The entrepreneurial perceptions of strategy makers: Constructing an exploratory path in the pursuit of radical growth

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  • Neill, Stern
  • York, Jonathan L.

Abstract

For established firms, radical growth requires experimenting with new alternatives, which can test the boundaries of management's thinking. This study proposes that entrepreneurial perceptions of the strategic situation and market environment have a direct influence on corporate entrepreneurship (CE) strategy, which is strategy that supports new business development and renewal. The results indicate that strategy makers will pursue a more explorative CE strategy in situations framed as positive, less controllable and yet knowable, and in environments perceived as munificent and dynamic. Additionally, with explorative CE strategy comes a greater investment in radical growth (i.e., new lines of business). The paper concludes with a discussion of the study's implications in regards to the relationship between interpretation and strategy and the management of attention and meaning.

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  • Neill, Stern & York, Jonathan L., 2012. "The entrepreneurial perceptions of strategy makers: Constructing an exploratory path in the pursuit of radical growth," Journal of Business Research, Elsevier, vol. 65(7), pages 1003-1009.
    • Handle: RePEc:eee:jbrese:v:65:y:2012:i:7:p:1003-1009
    DOI: 10.1016/j.jbusres.2011.04.009
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    3. Efstathios Tapinos & Graham Leask & Mike Brown, 2023. "Perceived environmental turbulence and corporate strategy: The case of the UK recession," Futures & Foresight Science, John Wiley & Sons, vol. 5(3-4), September.
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    5. Claire Colomb & John Tomaney, 2016. "Territorial Politics, Devolution and Spatial Planning in the UK: Results, Prospects, Lessons," Planning Practice & Research, Taylor & Francis Journals, vol. 31(1), pages 1-22, January.
    6. Stern Neill & Gurmeet Singh & Raghuvar Dutt Pathak, 2014. "Technology and Marketing Capabilities in a Developing Economic Context: Assessing the Resource-Based View within a Boundary Condition," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 13(1), pages 75-92, June.

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