Strategic entrepreneurial response of small and medium enterprises in developing economies

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dc.contributor.authorBengesi, K. M. K.
dc.contributor.authorLe Roux, I.
dc.date.accessioned2018-06-29T05:05:57Z
dc.date.available2018-06-29T05:05:57Z
dc.date.issued2014
dc.descriptionInternational Journal of Business and Management, 9 (2): 153-165en_US
dc.description.abstractThis study examined the influence of three dimensions of strategic entrepreneurial response, namely market orientation, entrepreneurial orientation and networking capability on SME performance necessary for firms to face challenges in competitive environments. The research confirmed positive influence of the three dimensions of strategic entrepreneurial response (SER), namely market orientation (MO), entrepreneurial orientation (EO) and network capabilities (NWC) on small and medium enterprise (SME) performance. The dimensions of SER explained a significant amount of variance (50.1%) in SME performance, with the largest amount (27.1%) of variance accounted for by MO. The findings suggest that emphasis on MO is a firm’s strategic choice to generate strategic information which forms a seedbed of opportunities from which entrepreneurial oriented firms identify and proactively seize to build competitive advantage. Contrary to previous studies, which emphasized that opportunity seeking behaviour is a domain of EO, this paper argues that MO is pivotal construct to the SER. This paper views EO as more driven by an advantage seeking behaviour rather than opportunity seeking behaviour as conceptualised before. With these findings, this paper suggest that sustained market orientation and entrepreneurial orientation cultures build opportunity seeking and advantage seeking behaviours, respectively crucial to create and sustain SME performance.en_US
dc.identifier.urihttps://www.suaire.sua.ac.tz/handle/123456789/2464
dc.language.isoenen_US
dc.publisherCanadian Centre for Science and Educationen_US
dc.subjectCompetitive advantageen_US
dc.subjectStrategic entrepreneurshipen_US
dc.subjectTrade barrieren_US
dc.subjectOpen market economyen_US
dc.subjectMarket orientationen_US
dc.subjectEntrepreneurial orientationen_US
dc.subjectNetworking capabilityen_US
dc.titleStrategic entrepreneurial response of small and medium enterprises in developing economiesen_US
dc.typeArticleen_US
dc.urlhttp://www.ccsenet.org/journal/index.php/ijbm/article/viewFile/31583/19391en_US

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