Article2005

The Role of Entrepreneurial Orientation in Stimulating Effective Corporate Entrepreneurship

1,063 citations0/0 files storedAcademy of Management Perspectives

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

Abstract

This article discusses research that examines the relationship between a firm's entrepreneurial orientation and their overall performance. The authors note that firms that follow a strategy of corporate entrepreneurship are able to pursue growth through new venture opportunities and strategic renewal. Firms that are able to effectively follow this strategy experience sustainable advantages and yield above-average returns. They outline and discuss five dimensions of corporate entrepreneurship including autonomy, innovativness, proactiveness, competitive aggressiveness and risk-taking. They examine what implications these strategies have for managers and identify areas of future research.

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Cited by

2006Strategic Process Effects on the Entrepreneurial Orientation–Sales Growth Rate Relationship 2014Entrepreneurial legacy: Toward a theory of how some family firms nurture transgenerational entrepreneurship 2015Commitment to Sustainability in Small and Medium‐Sized Enterprises: The Influence of Strategic Orientations and Management Values 2012Entrepreneurial Orientation, Firm Performance, and the Moderating Role of Transformational Leadership Behaviors 2010Entrepreneurial orientation in long-lived family firms 2010The influence of business strategy on project portfolio management and its success — A conceptual framework 2013The Internationalization of Family Firms 2008Moderating Effects of Entrepreneurial Orientation on Market Orientation-Performance Linkage: Evidence from Chinese Small Firms*

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