Making University Departments More Entrepreneurial

2005 ◽  
Vol 6 (2) ◽  
pp. 115-122 ◽  
Author(s):  
William Z. Todorovic ◽  
Rod B. McNaughton ◽  
Paul D. Guild
Keyword(s):  
Economic Growth ◽  
Content Analysis ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Faculty Members ◽  
Entrepreneurial University ◽  
Analysis Software ◽  
Non Profit ◽  
University Departments ◽  
Strategic Posture

The concept of an ‘entrepreneurial orientation’ is well established in the literature on the strategic posture of firms. Increasingly, large public and non-profit organizations are also turning to entrepreneurship in their efforts to become flexible and respond to pressures to ‘do more with less’. Government rhetoric encourages universities in particular to become more entrepreneurial, increasing the commercialization of research and contributing to economic growth. To understand what it means for university departments to be ‘entrepreneurial’, interviews with 40 faculty members explore the issue. Transcripts of the interviews were analysed using content-analysis software. The results suggest that risk taking is the most important dimension in developing an entrepreneurial university, and may be a prerequisite for commercialization.

Family Firms and Entrepreneurial Orientation in Publicly Traded Firms

2009 ◽  
Vol 22 (1) ◽  
pp. 9-24 ◽  
Author(s):  
Jeremy C. Short ◽  
G. Tyge Payne ◽  
Keith H. Brigham ◽  
G.T. Lumpkin ◽  
J. Christian Broberg
Keyword(s):  
Content Analysis ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Family Firm ◽  
Firm Characteristics ◽  
Publicly Traded ◽  
Competitive Aggressiveness ◽  
Publicly Traded Firms ◽  
Entrepreneurial Activities

There is considerable disagreement about whether family firm characteristics hinder or support entrepreneurial activities. This article highlights the existence of an entrepreneurial orientation in family firms, and it examines differences between family and nonfamily firms on the entrepreneurial orientation dimensions of autonomy, competitive aggressiveness, innovativeness, proactiveness, and risk taking, using content analysis of shareholder letters from S&P 500 firms. As such, family firms exhibit language consistent with an entrepreneurial orientation for all dimensions but use less language than that of nonfamily firms in relation to autonomy, proactiveness, and risk taking.

scholarly journals Dimensions of Entrepreneurial Orientation in the Academic Environment

2021 ◽  
Vol 18 (3) ◽  
Author(s):  
Fábio Dal-Soto ◽  
Yeda Swirski de Souza ◽  
Mats Benner
Keyword(s):  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Entrepreneurial University ◽  
Academic Environment ◽  
Policy Makers ◽  
Academic Context ◽  
Catholic University ◽  
Multiple Case ◽  
Multiple Case Studies ◽  
The Subject

The establishment of entrepreneurial orientation (EO) in the academic environment, through its basilar conceptual dimensions such as proactiveness, innovativeness, and risk-taking, has been the subject of relevant debate for academics, higher education managers, and policy-makers. In this context, this article aims to analyze the establishment of EO in the academic environment, pursuing an entrepreneurial university model. Thus, the strategy of multiple case studies was adopted, based on three universities: two in Brazil, the Pontifical Catholic University of Rio Grande do Sul (PUC-RS) and the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), and one in Sweden, the Lund University (LU). Results show that the EO established by the universities studied is seen in several times and in different ways through its conceptual dimensions, suitable to the academic context. The movements observed in the three cases researched show non-sporadic behaviors towards an entrepreneurial university model over time.

scholarly journals Entrepreneurial Orientation and Performance of Small and Medium- Sized Enterprises in Nairobi City County, Kenya

2020 ◽  
Vol 2 (3) ◽  
pp. 36-48
Author(s):  
Joshua Kilungu Kivuitu ◽  
Jane Karugu
Keyword(s):  
Economic Growth ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Business Performance ◽  
Poor Performance ◽  
Weather Conditions ◽  
The Body ◽  
Small Enterprise ◽  
Adverse Weather ◽  
And Performance

Kenya’s economic growth is estimated to have decelerated to 4.4 per cent in the third quarter of 2017 compared to 5.6 per cent in a similar period of 2016. During the quarter, the macroeconomic fundamentals remained largely stable and supportive of growth. However, uncertainty associated with political environment coupled with effects of adverse weather conditions slowed down the performance of the economy. As a result, most sectors of the economy posted poor performance during the quarter under review compared to the same quarter of 2016. (Kenya Economic Outlook, 2017).The Micro and Small Enterprises sector in Kenya is regarded as the driving force to spur economic growth, innovation and job creation. The general objective of the study is to investigate the effect of entrepreneurial orientation on performance of SMES in Nairobi County, Kenya. The specific objectives of the study are; to determine the effect of innovation, analyze the effect of risk taking and establish the effect of pro-activeness on performance of SMEs in Nairobi County. This study used descriptive research design. The study population is 2300 SMEs registered to operate in Nairobi County. Stratified sampling was used to obtain a sample size of 230 respondents. Data was collected using semi-structured questionnaires. Descriptive and inferential statistics was used in the analysis of data using SPSS and Ms Excel. Data was then be presented using tables, graphs and figures. Based on the findings, the study concluded that entrepreneurial orientation is useful as a Predictor of performance of SMEs.  All the Entrepreneurial orientation dimensions: innovativeness, proactiveness and risk-taking had Positive significant effect on performance of SMEs. This implies that behaviors associated with innovativeness, proactiveness and risk-taking when taken as an overall strategic may indeed help SMEs in Kenya to grow. Further, the results suggests that EO-oriented activities within an organization not only results in better performance but also assist owners of SMEs to make better decision regarding the choice of strategic resources acquired. The findings of this study add to our understanding on the relationship between EO and performance of SMEs and represent an important contribution to the body of knowledge in the field of entrepreneurship. Based on the research findings and conclusion this study recommends that: SMEs need to embrace the entrepreneurial orientation dimensions, innovativeness, risk taking and proactiveness to increase business performance. Entrepreneurs need to consider risk-taking to effectively and successfully respond to the dynamic environments that require organizations to increase decision-making speed. Entrepreneurs should be innovative and develop new products ahead of their competitors. They should also be proactive by carrying out strategic environmental scans for new opportunities in the market. Finally, there is need for the Department of Micro and Small-Enterprise Development (DMSED) to consider in its blue print, facilitation of workshops and seminars for small and medium entrepreneurs to sensitize them on the significance of these dimensions in business performance. This study recommends that future researchers should carry out research on the Factors that play a mediating role in the influence of entrepreneurial orientation on performance like munificence, dynamism and hostility should be in future studies.

Casting a wider performance net: The role of entrepreneurial orientation in boosting overall firm stakeholder value

2015 ◽  
Vol 22 (2) ◽  
pp. 272-290 ◽  
Author(s):  
Ali M Shahzad ◽  
William J Wales ◽  
Mark P Sharfman ◽  
Christopher M Stein
Keyword(s):  
Financial Performance ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Firm Financial Performance ◽  
Strategic Posture ◽  
Significant Relationships ◽  
Firm Innovativeness

AbstractThis study offers a broader perspective on the effects of entrepreneurial orientation beyond its well-established implications for firm financial performance. Herein, it is suggested that through higher firm innovativeness, risk taking, and proactiveness entrepreneurial orientation contributes to an increase in the overall value accrued by the firm’s base of stakeholders. In doing so, we offer a broader perspective on the significance of an entrepreneurial orientation strategic posture for increasing stakeholder value beyond simply the financial value captured by firm shareholding stakeholders. Results from a comprehensive sample of 1,015 public US corporations indicate significant relationships between the three core dimensions of entrepreneurial orientation (innovativeness, risk taking, proactiveness) and stakeholder value, suggesting that how organizations behave entrepreneurially plays an important role in the firms generation of stakeholder value.

Bridging the gap between management and finance: entrepreneurial orientation and idiosyncratic risk

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Steve Kihm ◽  
Rashiqa Kamal
Keyword(s):  
Content Analysis ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Multivariate Regression Analysis ◽  
Idiosyncratic Risk ◽  
Research Database ◽  
Firm Level ◽  
Content Type ◽  
Risk Levels ◽  
The Individual

PurposeManagement theorists suggest that entrepreneurially oriented firms manifest higher risk levels than more conservative companies, but executives of such firms and their consultants argue that the opposite is true. The purpose of this paper is to explore this issue and examine the relationship between entrepreneurial orientation and idiosyncratic risk of firms.Design/methodology/approachContent analysis is applied to the 2018 third-quarter earnings call transcripts for 992 companies to measure five factors attributed to entrepreneurially oriented firms: autonomy, competitive aggressiveness, innovation, proactiveness and risk-taking, and their relationship to firm-level idiosyncratic risk. Multivariate regression analysis is used to examine the effect of these factors on measures of idiosyncratic risk obtained from the Wharton Research database Service's Beta Suite.FindingsResults show that firms whose executives frequently use terms related to risk-taking tend to manifest higher levels of idiosyncratic risk, but those firms whose executives stress innovation-related terms tend to have lower levels of idiosyncratic risk. The degree to which executives use words related to the three other entrepreneurial orientation factors show no associations with idiosyncratic risk.Practical implicationsThe results might suggest to managers which of the individual components of entrepreneurial orientation, if adopted, are likely to affect firm-specific risk and in what way.Originality/valueThis paper is the first to attempt to bridge the gap between the management concept of entrepreneurial orientation and the financial concept of idiosyncratic risk by studying the possible relationship between the two. The research also uses the novel methodology of applying content analysis to earnings call transcripts, which is uncommon in finance research.

scholarly journals Effects of the COVID-19 Pandemic on Sports Entrepreneurship

2020 ◽  
Vol 12 (20) ◽  
pp. 8493
Author(s):  
Paloma Escamilla-Fajardo ◽  
Juan M. Núñez-Pomar ◽  
Ferran Calabuig-Moreno ◽  
Ana M. Gómez-Tafalla
Keyword(s):  
Service Quality ◽  
Risk Taking ◽  
Non Profit ◽  
Paired Sample ◽  
Sports Clubs ◽  
Before And After ◽  
The Impact ◽  
The Relationship ◽  
Linear Regressions ◽  
Crisis Situations

Sports entrepreneurship has been considered an important part of sports organisations when overcoming crisis situations. The aim of this study is to determine the impact of the crisis derived from COVID-19 on sports entrepreneurship and whether there are differences in the prediction of entrepreneurship on service quality in non-profit sports clubs. To this end, 145 sports clubs were analysed before and after the outbreak of the virus in society. Paired sample-t tests were carried out to determine the differences in variables studied before (Time I) and after (Time II) the COVID-19 outbreak, and correlations and hierarchical linear regressions were used to analyse the relationship between the variables studied in the two different stages. The results obtained show that risk-taking and innovation are significantly higher after the appearance of COVID-19, while proactivity has not undergone significant changes. Finally, the relationship between sports entrepreneurship and service quality is positive and significant in both stages but stronger before the crisis.

Should Fast-Food Franchisees Pursue Entrepreneurial Orientation?

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Ehsan Asgharian ◽  
Misagh Tasavori ◽  
Jim Andersén
Keyword(s):  
Firm Performance ◽  
Significant Role ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Fast Food ◽  
Business Systems ◽  
Unidimensional Construct ◽  
Different Dimensions ◽  
Competitive Aggressiveness ◽  
The Impact

Abstract Although it is widely accepted that entrepreneurial orientation (EO) improves firm performance, scholars have advised that particular attention should be paid to the context. In this research, we investigate a less explored context of franchising where business systems and procedures are usually dictated to franchisees by franchisors. Therefore, whether a franchisor should allow franchisees to pursue EO (innovativeness, proactiveness, risk-taking, competitive aggressiveness, and autonomy) is not clear. In the context of franchising, the majority of prior studies have mainly focused on the employment of EO as a unidimensional construct and at the franchisor level. In this research, we take a bottom-up perspective and evaluate the impact of different dimensions of EO on franchisees’ performance. Our analysis of a multi-group of 183 restaurant franchisees located in Sweden and Iran reveals that only the pursuit of proactiveness and competitive aggressiveness improves a franchisee’s performance and other dimensions do not play a significant role in improving performance in this context.

scholarly journals Graduate Students’ Behavioral Intention towards Social Entrepreneurship: Role of Social Vision, Innovativeness, Social Proactiveness, and Risk Taking

2021 ◽  
Vol 13 (11) ◽  
pp. 6386
Author(s):  
Bingyan Tu ◽  
Roni Bhowmik ◽  
Md. Kamrul Hasan ◽  
Ahmed Al Asheq ◽  
Md. Atikur Rahaman ◽  
...  
Keyword(s):  
Graduate Students ◽  
Risk Taking ◽  
Social Entrepreneurship ◽  
Entrepreneurial Orientation ◽  
Entrepreneurial Intention ◽  
The Body ◽  
Survey Method ◽  
Social Vision ◽  
Body Of Knowledge ◽  
Start Up

In prior studies, several researchers have adopted entrepreneurial orientation (EO) in determining students’ intention toward entrepreneurship, although the application of EO is scant in determining intention toward social entrepreneurship in existing literature. Hence, in consideration of this research gap, the current study empirically examines the influence of the dimensions of social entrepreneurial orientation (SEO): social vision, social proactiveness, innovativeness, and risk-taking motive on graduate students’ entrepreneurial intention toward social entrepreneurship-based business start-up. An online-based survey method was used to collect data from a sample of 465 students purposively who were studying at different universities in Bangladesh. A PLS-based SEM was applied to analyze the data and examined the proposed relationships in the conceptual model. The findings reveal that Graduate students’ social proactiveness, innovativeness, and risk-taking motive significantly affect their social entrepreneurial intention. However, students’ social vision does not have direct influence but has indirect influence on social entrepreneurial intention through their social entrepreneurial attitudes. The research contributes to the body of knowledge in the existing social entrepreneurship literature as well as provides practical implications for the policymakers, practitioners, and stakeholders working toward flourishing of social-based entrepreneurship, venture, and start-up.

Entrepreneurial orientation, knowledge management, dynamic capabilities towards e-commerce adoption of SMEs in Indonesia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Dharma Tuah Putra Nasution ◽  
Ahmad Rafiki ◽  
Adelina Lubis ◽  
Yossie Rossanty
Keyword(s):  
Knowledge Management ◽  
Risk Taking ◽  
Significant Relationship ◽  
Entrepreneurial Orientation ◽  
Structural Equation ◽  
Dynamic Capabilities ◽  
Quantitative Methodology ◽  
Cross Sectional Survey ◽  
Content Type ◽  
The Relationship

Purpose The purpose of this study is to examine the dimensions of entrepreneurial orientation (EO), knowledge management process (KMP) and dynamic capability (DC) toward the adoption of electronic commerce (e-commerce) of small and medium enterprises (SMEs) in North Sumatera. Design/methodology/approach This study used a quantitative methodology using Smart PLS of structural equation model. A survey is done by distributing the questionnaires to the respondents (owner-managers) of SMEs across sectors. Using a convenient sampling technique, 131 respondents were selected. Using a cross-sectional survey design, 11 hypotheses were tested. Findings It is found that both innovativeness and proactiveness of EO have a significant relationship with e-commerce adoption (EA), while the risk-taking of EO is found as insignificant. Both risk-taking and proactiveness of EO are significantly related to KMP, but innovation of EO is found to be insignificant. Moreover, KMP significantly mediates the relationship between risk-taking and proactiveness of EO and EA, while KMP insignificantly mediates the relationship between innovativeness of EO and EA. Finally, it is found that DC has a significant relationship in EA. Originality/value By using the resource based-theory, the study on the decision of EA by SMEs is conducted which focuses on a number of internal and external factors influencing the adoption decision. This differs from other studies using theories of the technological, organizational and environmental, theory of acceptance and use of technology, theory of planned behavior, theory of reasoned action and others which emphasized on the implementation and usage of EA.

Entrepreneurial Orientation, Uncertainty Avoidance and Firm Performance

2003 ◽  
Vol 4 (1) ◽  
pp. 46-58 ◽  
Author(s):  
Fredric William Swierczek ◽  
Thai Thanh Ha
Keyword(s):  
Firm Performance ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Job Creation ◽  
Uncertainty Avoidance ◽  
Business Growth ◽  
Net Profit ◽  
The Relationship

This study examines the relationship between entrepreneurial orientation (EO) and firm performance in a sample of 306 Vietnamese SMEs and 172 Thai small and medium-sized enterprises (SMEs). Dimensions of entrepreneurial orientation including risk-taking, proactivity and innovativeness are explored. The results indicate that Thai SMEs are more innovative and proactive than their Vietnamese counterparts, while Vietnamese SMEs are inclined to be more risk-taking. Thai SMEs have higher perceived business growth, job creation and net profit than Vietnamese SMEs.

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