Entrepreneurial and market orientation interactive effects on SME performance within transitional economies
Journal of Research in Marketing and Entrepreneurship
ISSN: 1471-5201
Article publication date: 10 September 2021
Issue publication date: 20 October 2021
Abstract
Purpose
The purpose of this study is to examine how the adaptive nature of market orientation (MO) and the risk-taking nature of entrepreneurial orientation (EO) might be integrated for a complementary and reinforcing synergetic effect on firm performance within transitional economies.
Design/methodology/approach
The paper suggests links between the EO and MO concepts and develops propositions informed by prior research and reasonable assumptions. The propositions aim to spur future research to uncover further evidence that validates the testable hypothesis.
Findings
In particular, the study calls for investigating the interaction effect of EO with MO on new product entry, market intelligence collection and processing competence. In addition, the study proposes research studies on whether EO’s interaction effect with MO will tend to mitigate risk in the development of breakthrough innovation and whether the interacting strategic orientations are creating a synergetic effect towards firm performance. Finally, the study recommends that research models should be tested and understood in consideration of conditions and circumstances from varying contexts, such as the small and medium enterprise sector within transitional economies and the media industry.
Originality/value
Whilst the performance implications of EO and MO, when modelled separately, have been extensively studied in developed and diversified market economies, studies are in the early stages of investigating the joint effect of EO and MO on firm performance, especially within transitional economies.
Keywords
Citation
Zacca, R. and Alhoqail, S. (2021), "Entrepreneurial and market orientation interactive effects on SME performance within transitional economies", Journal of Research in Marketing and Entrepreneurship, Vol. 23 No. 2, pp. 268-281. https://doi.org/10.1108/JRME-08-2019-0067
Publisher
:Emerald Publishing Limited
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