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Entrepreneurial Orientation and Firm Performance – Challenges for Research and Practice

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  • Agnieszka Żur

    (Cracow University of Economics)

Abstract

The aim of the article is to critically review the body of literature exploring the nature and various contexts of EO-firm performance relationship, as well as identify contemporary challenges of this stream of research. The article is an overview of the most important articles of the last two decades of research devoted to EO- firm performance relationship, based on the amount of citation references providedby Ebsco scholar database. The review focuses on: (i) the performance indicators applied in research, (ii) sampling and time frame of the studies as well as (iii) moderating factors of this relationship. Despite huge progress made, the review reveals important issues that have been side-lined or neglected and remain to be challenged. This paper presents four major suggestions for a more inclusive, broader stream of research: (i) to take inspiration from stakeholder theory, (ii) to spread the research of EO-firm performance relationship across different entrepreneurship contexts, such as social, non-profit and institutional, adjusting scales and measures, (iii) to apply a more dynamic approach to EO-firm performance relationship, and (iv) to diversify theapplied research methods. The article serves to broaden the scope of EO-firm performance relationship. The discussion presents significant potential contributions brought to EO domain by stakeholder theory. It issues a call to identify and pursue research questions that more effectively address contemporary challenges. Not only does it outline issues and methods worthy of greater attention in future study, but more importantly, leads to extending EO research beyond its current boundaries.

Suggested Citation

  • Agnieszka Żur, 2013. "Entrepreneurial Orientation and Firm Performance – Challenges for Research and Practice," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 1(2), pages 7-28.
    • Handle: RePEc:krk:eberjl:v:1:y:2013:i:2:p:7-28
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    File URL: http://eber.uek.krakow.pl/index.php/eber/article/download/9/9
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    References listed on IDEAS

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    1. Kuratko, Donald F. & Covin, Jeffrey G. & Garrett, Robert P., 2009. "Corporate venturing: Insights from actual performance," Business Horizons, Elsevier, vol. 52(5), pages 459-467, September.
    2. Gregory G. Dess & G. T. Lumpkin & J. G. Covin, 1997. "Entrepreneurial strategy making and firm performance: tests of contingency and configurational models," Strategic Management Journal, Wiley Blackwell, vol. 18(9), pages 677-695, October.
    3. Zahra, Shaker A. & Garvis, Dennis M., 2000. "International corporate entrepreneurship and firm performance: The moderating effect of international environmental hostility," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 469-492.
    4. Shaker A. Zahra, 1993. "A Conceptual Model of Entrepreneurship as Firm Behavior: A Critique and Extension," Entrepreneurship Theory and Practice, , vol. 17(4), pages 5-21, July.
    5. Zahra, Shaker A. & Covin, Jeffrey G., 1995. "Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis," Journal of Business Venturing, Elsevier, vol. 10(1), pages 43-58, January.
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    Cited by:

    1. Krzysztof Wach, 2015. "Entrepreneurial Orientation and Business Internationalisation Process: The Theoretical Foundations of International Entrepreneurship," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 3(2), pages 9-24.

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    More about this item

    Keywords

    entrepreneurial orientation; firm performance; entrepreneurship;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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