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Strategic Innovation At The Firm Level: The Impact Of Strategic Management Practices On Entrepreneurial Orientation

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  • McEDWARD MURIMBIKA

    (Graduate School of Business Administration, WBS, University of the Witwatersrand, 2 St. David's Place, Parktown, Johannesburg, 2193, P. O. Box 98, Wits 2050, South Africa)

  • BORIS URBAN

    (Graduate School of Business Administration, WBS, University of the Witwatersrand, 2 St. David's Place, Parktown, Johannesburg, 2193, P. O. Box 98, Wits 2050, South Africa)

Abstract

The study combines the research domains of strategic management and corporate innovation by examining the impact of strategic management practices on entrepreneurial orientation (EO). Recognising the importance of internal business processes that enable firm entrepreneurial behaviour, it is hypothesised that higher levels of EO are positively associated with the strategic management practices of (1) locus of planning, (2) scanning intensity, (3) planning flexibility, (4) planning horizon, and (5) strategy and financial control attributes. Empirical testing takes place in an under-researched emerging market context on a sample of 219 financial and business services firms. The results provide support for the positive impact that the different strategic management practices have on EO. A practical consideration is for managers to leverage the strategic management practices so that the firm's position on the conservative-entrepreneurial continuum is increased by its propensity to be innovative, proactive, and be willing to take risks when confronted by uncertainty.

Suggested Citation

  • McEDWARD MURIMBIKA & BORIS URBAN, 2014. "Strategic Innovation At The Firm Level: The Impact Of Strategic Management Practices On Entrepreneurial Orientation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 18(02), pages 1-38.
    • Handle: RePEc:wsi:ijimxx:v:18:y:2014:i:02:n:s1363919614500169
    DOI: 10.1142/S1363919614500169
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    References listed on IDEAS

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    1. William Lazonick, 2008. "Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies," WIDER Working Paper Series DP2008-01, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Boris Urban, 2017. "Corporate Entrepreneurship In South Africa: The Role Of Organizational Factors And Entrepreneurial Alertness In Advancing Innovativeness," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-20, September.
    2. Nagwan AlQershi & Zakaria Bin Abas & Sany Sanuri Mohd Mokhtar, 2019. "THE MEDIATING EFFECT OF HUMAN CAPITAL ON THE RELATIONSHIP BETWEEN STRATEGIC INNOVATION AND THE PERFORMANCE OF MANUFACTURING SMEs IN YEMEN," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 10(1).
    3. Ana Ferreira & Ana Lúcia Teixeira, 2016. "Intra- And Extra-Organisational Foundations Of Innovation Processes — The Information And Communication Technology Sector Under The Crisis In Portugal," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(06), pages 1-44, August.

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