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Entrepreneurship and Firm Growth

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  • Rakesh Gupta

Abstract

Small firms are at a disadvantage compared to large firms because of their size. Yet they play a very significant role in the growth of economy. These firms have little tangible assets at an early stage, but some of them have long-term growth potential. There is enough literature about individual entrepreneur, but relatively little is known about firm-level entrepreneurship, that is, entrepreneurial orientation (EO). EO consists of five dimensions: innovativeness, risk taking, proactiveness, autonomy and competitive aggressiveness. This study reviews the existing literature on the influence of EO on the growth of small firms. It tries to figure out whether this growth comes out as a demonstration of all the dimensions of EO together or a combination of them. There is an important gap in the literature on this issue, and this study focuses on this gap.

Suggested Citation

  • Rakesh Gupta, 2015. "Entrepreneurship and Firm Growth," South Asian Survey, , vol. 22(1), pages 1-14, March.
    • Handle: RePEc:sae:soasur:v:22:y:2015:i:1:p:1-14
    DOI: 10.1177/0971523117708956
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    References listed on IDEAS

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    1. Andreas Rauch & Johan Wiklund & G.T. Lumpkin & Michael Frese, 2009. "Entrepreneurial Orientation and Business Performance: An Assessment of past Research and Suggestions for the Future," Entrepreneurship Theory and Practice, , vol. 33(3), pages 761-787, May.
    2. Jeffrey G. Covin & G.T. Lumpkin, 2011. "Entrepreneurial Orientation Theory and Research: Reflections on a Needed Construct," Entrepreneurship Theory and Practice, , vol. 35(5), pages 855-872, September.
    3. Danny Miller & Peter H. Friesen, 1982. "Innovation in conservative and entrepreneurial firms: Two models of strategic momentum," Strategic Management Journal, Wiley Blackwell, vol. 3(1), pages 1-25, January.
    4. 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.
    5. Lumpkin, G. T. & Dess, Gregory G., 2001. "Linking two dimensions of entrepreneurial orientation to firm performance: The moderating role of environment and industry life cycle," Journal of Business Venturing, Elsevier, vol. 16(5), pages 429-451, September.
    6. Danny Miller, 2011. "Miller (1983) Revisited: A Reflection on EO Research and Some Suggestions for the Future," Entrepreneurship Theory and Practice, , vol. 35(5), pages 873-894, September.
    7. Wiklund, Johan & Shepherd, Dean, 2005. "Entrepreneurial orientation and small business performance: a configurational approach," Journal of Business Venturing, Elsevier, vol. 20(1), pages 71-91, January.
    8. Begley, Thomas M. & Boyd, David P., 1987. "Psychological characteristics associated with performence in entrepreneurial firms and smaller businesses," Journal of Business Venturing, Elsevier, vol. 2(1), pages 79-93.
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