ENVIRONMENTAL UNCERTAINTY, THE ENTREPRENEURIAL ORIENTATION OF BUSINESS VENTURES AND PERFORMANCE

Attahir Yusuf

79 citations0/0 files storedInternational Journal of Commerce and Management

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Entrepreneurship Studies and Influences Innovation and Knowledge Management Firm Innovation and Growth

Abstract

Business ventures fuel economic growth and national prosperity. Yet, these ventures face increasing environmental uncertainty. This paper, using data from the Arabian Gulf Sultanate of Oman, tests the notion that firms need and will respond to uncertain situations with greater entrepreneurship. Doing so will improve the performance level of such firms. The conclusions reached in the paper affirm the relationship among uncertainty, entrepreneurial orientation and performance. However, there is some variation among industries. Manufacturing organizations have responded with greater entrepreneurial intensity in the face of uncertainty and attained higher performance levels than commercial enterprises.

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References

1996Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance 1964A Behavioral Theory of the Firm 1963A Behavioral Theory of the Firm 1989Strategic management of small firms in hostile and benign environments 1983The Correlates of Entrepreneurship in Three Types of Firms 1973Designing Complex Organizations 1995Market Orientation and the Learning Organization 1984Dimensions of Organizational Task Environments

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