Entrepreneurial Orientation, Growth and Development of SMEs. Empirical Results from Poland and the Czech Republic

Krzysztof Łobos; Mirosława Szewczyk

doi:10.56583/br.42

Published : 2019-04-12

Vol. 16 No. 4 (2018)

Entrepreneurial Orientation, Growth and Development of SMEs. Empirical Results from Poland and the Czech Republic

Krzysztof Łobos

Mirosława Szewczyk

DOI: https://doi.org/10.56583/br.42

Abstract

Based on individual-level data from a cross-sectional sample of small and medium enterprises located in Poland and the Czech Republic we performed an analysis of the impact of entrepreneurial orientation on SMEs’ growth and development. The hypotheses outlined in the study were tested by using structural equation modeling. The study results revealed that overall there was a strong measure of agreement among SMEs from Poland and the Czech Republic. SMEs in Poland and the Czech Republic have a similar approach to pro-activeness, innovativeness and risk-taking. However, Polish firms are less likely to act aggressively. The results of the structural equation modeling indicate entrepreneurial orientation affects SME growth and development. In general, when enterprises seek to innovate and to outpace competitors they are rewarded for their efforts.

Keywords:

small and medium-sized enterprises, entrepreneurial orientation, growth, development, structural equation modeling

Most read articles by the same author(s)

Aleksandra Zygmunt, Mirosława Szewczyk, Assessment of the Financial Condition of Companies Manufacturing Fabricated Metal Products in Opolskie Voivodship in the Context of Regional Development , Regional Barometer. Analyses & Prognoses: No. 2 (28) (2012)
Aleksandra Zygmunt, Mirosława Szewczyk, Perspectives of Construction Section in Opolskie Voivodship , Regional Barometer. Analyses & Prognoses: No. 4 (26) (2011)
Krzysztof Łobos, Mirosława Szewczyk, Factors Affecting EBIT of Companies Engaged in Quarrying of Stone in Opolskie Voivodship and Dolnośląskie Voivodship , Regional Barometer. Analyses & Prognoses: No. 2 (28) (2012)
Aleksandra Zygmunt, Mirosława Szewczyk, Acquisition of European Union Funds for Knowledge Transfer by Enterprises from Opolskie Voivodship , Regional Barometer. Analyses & Prognoses: Vol. 12 No. 2 (2014)
Aleksandra Zygmunt, Mirosława Szewczyk, Opolskie Voivodship “Gazelle” Innovation Potential , Regional Barometer. Analyses & Prognoses: Vol. 12 No. 3 (2014)

Details

References

Statistics

Authors

Download files

PDF

Citation rules

Łobos, K., & Szewczyk, M. (2019). Entrepreneurial Orientation, Growth and Development of SMEs. Empirical Results from Poland and the Czech Republic. Regional Barometer. Analyses & Prognoses, 16(4), 37–43. https://doi.org/10.56583/br.42

Altmetric indicators

Cited by / Share

Licence

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

References

Adamska, M. 2011. “Wybrane aspekty zarządzania kapitałem innowacji w sektorze małych i średnich przedsiębiorstw na przykładzie województwa opolskiego.” Barometr Regionalny. Analizy i prognozy 4 (26): 123–130.

Avlonitis, G.J., and H.E. Salavou. 2007. “Entrepreneurial Orientation of SMEs, Product Innovativeness, and Performance.” Journal of Business Research 60 (5): 566–575. doi: 10.1016/j.jbusres.2007.01.001. DOI: https://doi.org/10.1016/j.jbusres.2007.01.001

Bartnicki, M., and M. Kulikowska-Pawlak. 2011. “Orientacja przedsiębiorcza i efektywność organizacji w kontekście strategicznych problemów rozwoju.” In Zmiana warunkiem sukcesu. Przełamywanie barier rozwoju i wzrostu przedsiębiorstw, edited by J. Skalik, 29–37. Wrocław: Wydawnictwo Uniwersytetu Ekonomicznego.

Covin, J.G., and D.P. Slevin. 1989. “Strategic Management of Small Firms in Hostile and Benign Environments.” Strategic Management Journal 10 (1): 75–87. doi: 10.1002/smj.4250100107. DOI: https://doi.org/10.1002/smj.4250100107

Davidsson, P., L. Achtenhagen, and L. Naldi. 2006. “What Do We Know about Small Firm Growth?” In The Life Cycle of Entrepreneurial Ventures, edited by S.C. Parker, 361–398. New York, NY: Springer. DOI: https://doi.org/10.1007/978-0-387-32313-8_13

Davidsson, P., B. Kirchhoff, A. Hatemi–J, and H. Gustavsson. 2002. “Empirical Analysis of Business Growth Factors Using Swedish Data.” Journal of Small Business Management 40 (4): 332–349. doi: 10.1111/1540-627X.00061. DOI: https://doi.org/10.1111/1540-627X.00061

Działalność innowacyjna przedsiębiorstw w latach 2014–2016. 2017. Analizy statystyczne. Warszawa-Szczecin: Główny Urząd Statystyczny; Urząd Statystyczny w Szczecinie.

Gębczyńska, M. 2017. “Konstrukt i wymiary orientacji przedsiębiorczej. Analiza teoretyczna.” Zeszyty Naukowe – Politechnika Śląska. Organizacja i Zarządzanie (101): 153–163. DOI: https://doi.org/10.29119/1641-3466.2017.101.11

Jasińska-Biliczak, A. 2014. “Instrumenty wspierające sektor małych i średnich przedsiębiorstw na poziomie lokalnym — przykład powiatu nyskiego.” In Gospodarka lokalna w teorii i praktyce, edited by R. Brol, A. Sztando and A. Raszkowski, 54–63. Wrocław: Wydawnictwo Uniwersytetu Ekonomicznego. DOI: https://doi.org/10.15611/pn.2014.332.05

Jasińska-Biliczak, A. 2015. “Problem samozatrudnienia — rola i miejsce mikroprzedsiębiorstw w gospodarce regionalnej.” Barometr Regionalny. Analizy i Prognozy 13 (4): 75–80.

Jasińska-Biliczak, A., J. Kowal, and J. Hafner. 2016. Innovative Capacity in Small Regional Enterprises in Transition Economies: An Exploratory Study in Poland. Paper read at Twenty-Second Americas Conference on Information Systems (AMCIS), 2016.08.11–14, at San Diego, California.

Keh, H.T., T.T.M. Nguyen, and H.P. Ng. 2007. “The Effects of Entrepreneurial Orientation and Marketing Information on the Performance of SMEs.” Journal of Business Venturing 22 (4): 592–611. doi: 10.1016/j.jbusvent.2006.05.003. DOI: https://doi.org/10.1016/j.jbusvent.2006.05.003

Kraus, S., J.P.C. Rigtering, M. Hughes, and V. Hosman. 2012. “Entrepreneurial Orientation and the Business Performance of SMEs: a Quantitative Study from the Netherlands.” Review of Managerial Science 6 (2): 161–182. doi: 10.1007/s11846-011-0062-9. DOI: https://doi.org/10.1007/s11846-011-0062-9

Kwiotkowska, A. 2017. “Wymiary orientacji przedsiębiorczej. Wyniki badań empirycznych.” Zeszyty Naukowe – Politechnika Śląska. Organizacja i Zarządzanie (101): 257–269. DOI: https://doi.org/10.29119/1641-3466.2017.101.19

Lumpkin, G.T., C.C. Cogliser, and D.R. Schneider. 2009. “Understanding and Measuring Autonomy: an Entrepreneurial Orientation Perspective.” Entrepreneurship Theory and Practice 33 (1): 47–69. doi: 10.1111/j.1540-6520.2008.00280.x. DOI: https://doi.org/10.1111/j.1540-6520.2008.00280.x

Lumpkin, G.T., and G.G. Dess. 1996. “Clarifying the Entrepreneurial Orientation Construct and Linking It to Performance.” Academy of Management Review 21 (1): 135–172. doi: 10.2307/258632. DOI: https://doi.org/10.5465/amr.1996.9602161568

Lumpkin, G.T., and G.G. Dess. 2001. “Linking Two Dimensions of Entrepreneurial Orientation to Firm Performance: the Moderating Role of Environment and Industry Life Cycle.” Journal of Business Venturing 16 (5): 429–451. doi: 10.1016/S0883-9026(00)00048-3. DOI: https://doi.org/10.1016/S0883-9026(00)00048-3

Malik, K., and A. Jasinska-Biliczak. 2018. “Innovations and Other Processes as Identifiers of Contemporary Trends in the Sustainable Development of SMEs: the Case of Emerging Regional Economies.” Sustainability 10 (5): 1–17. doi: 10.3390/su10051361. DOI: https://doi.org/10.3390/su10051361

Moreno, A.M., and J.C. Casillas. 2008. “Entrepreneurial Orientation and Growth of SMEs: a Causal Model.” Entrepreneurship Theory and Practice 32 (3): 507–528. doi: 10.1111/j.1540-6520.2008.00238.x. DOI: https://doi.org/10.1111/j.1540-6520.2008.00238.x

Rauch, A., J. Wiklund, G. Lumpkin, and M. Frese. 2009. “Entrepreneurial Orientation and Business Performance: an Assessment of Past Research and Suggestions for the Future.” Entrepreneurship Theory and Practice 33 (3): 761–787. doi: 10.1111/j.1540-6520.2009.00308.x. DOI: https://doi.org/10.1111/j.1540-6520.2009.00308.x

Selvam, M., J. Gayathri, V. Vasanth, K. Lingaraja, and S. Marxiaoli. 2016. “Determinants of Firm Performance: a Subjective Model.” International Journal of Social Science Studies 4 (7): 90–100. doi: 10.11114/ijsss.v4i7.1662. DOI: https://doi.org/10.11114/ijsss.v4i7.1662

Shepherd, D., and J. Wiklund. 2009. “Are We Comparing Apples With Apples or Apples With Oranges? Appropriateness of Knowledge Accumulation Across Growth Studies.” Entrepreneurship Theory and Practice 33 (1): 105–123. doi: 10.1111/j.1540-6520.2008.00282.x. DOI: https://doi.org/10.1111/j.1540-6520.2008.00282.x

Tang, J.T., Z. Tang, L.D. Marino, Y.L. Zhang, and Q.W. Li. 2008. “Exploring an Inverted U-Shape Relationship between Entrepreneurial Orientation and Performance in Chinese Ventures.” Entrepreneurship Theory and Practice 32 (1): 219–239. DOI: https://doi.org/10.1111/j.1540-6520.2007.00223.x

Weinzimmer, L.G., P.C. Nystrom, and S.J. Freeman. 1998. “Measuring Organizational Growth: Issues, Consequences and Guidelines.” Journal of Management 24 (2): 235–262. doi: 10.1016/S0149-2063(99)80061-0. DOI: https://doi.org/10.1177/014920639802400205

Wójcik-Karpacz, A. 2016. “Orientacja przedsiębiorcza a sukces przedsiebiorstwa: ustalenia literaturowe.” Zarządzanie i Finanse 14 (2 cz. 1): 483–496.

Wójcik-Karpacz, A. 2017. “Mediacje relacji orientacja przedsiębiorcza-wynik firmy.” Przedsiębiorstwo we współczesnej gospodarce — teoria i praktyka (1): 85–97.

Zygmunt, A., and M. Szewczyk. 2014. “Opolskie Voivodship ‘Gazelle’ Innovation Potential.” Barometr Regionalny. Analizy i Prognozy 12 (3): 35–41. DOI: https://doi.org/10.56583/br.1034

Zygmunt, J. 2015. “Entrepreneurship as a Factor of Regional Development.” Barometr Regionalny. Analizy i Prognozy 13 (4): 119–125. DOI: https://doi.org/10.56583/br.1048