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Entrepreneurial Orientation and the Performance of Manufacturing SMEs in Nigeria: The Mediating Roles of Technological Capabilities

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한국전문경영인학회|2015.12|전문경영인연구 (Journal of CEO and Management Studies)|제18권 제4호|pp. 21-49

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참고문헌

키워드

기업성과Firm Performance기술역량Technological capabilities기업가적 성향Entrepreneurial Orientation (EO)

초록

Despite the general findings that a positive association exists between entrepreneurial orientation (EO) and performance of the firm, the evidence is not consistent, and there is wide variation in the magnitude of the reported impact. Researchers make the case that the examination of a simple bivariate link, often with constrained methods, provides an inadequate assessment of this focal relationship. Accordingly, scholars have called for wide-ranging modeling of the impact of EO on firm performance. We respond to this call by testing a comprehensive, mediational model, with a multi-theoretic approach. By so doing, research result shows that a highly integrated and implementation of entrepreneurial orientation will impact on technological capabilities and in turn leverage firm performance. Revising relevant survey instruments for the benefit of investigating this relationship in Nigerian manufacturing SMEs was carried out due to scant literature in such direction and exploring greater insights in the relationship between EO, technological capabilities and firm performance is inevitable. Therefore, to address this concern, this study developed a concept facilitating an atmosphere where the relationship between Entrepreneurial orientation (EO) and performance is mediated by technological capabilities. This in turn leads to improved performance vis-à-vis cost reduction, improved production quality and increased innovative capability. The results support conceptualization and findings that proper implementation of technological capabilities mediate the relationship between entrepreneurial orientation and firm performance in the context of manufacturing SMEs.

Abstract

Despite the general findings that a positive association exists between entrepreneurial orientation (EO) and performance of the firm, the evidence is not consistent, and there is wide variation in the magnitude of the reported impact. Researchers make the case that the examination of a simple bivariate link, often with constrained methods, provides an inadequate assessment of this focal relationship. Accordingly, scholars have called for wide-ranging modeling of the impact of EO on firm performance. We respond to this call by testing a comprehensive, mediational model, with a multi-theoretic approach. By so doing, research result shows that a highly integrated and implementation of entrepreneurial orientation will impact on technological capabilities and in turn leverage firm performance. Revising relevant survey instruments for the benefit of investigating this relationship in Nigerian manufacturing SMEs was carried out due to scant literature in such direction and exploring greater insights in the relationship between EO, technological capabilities and firm performance is inevitable. Therefore, to address this concern, this study developed a concept facilitating an atmosphere where the relationship between Entrepreneurial orientation (EO) and performance is mediated by technological capabilities. This in turn leads to improved performance vis-à-vis cost reduction, improved production quality and increased innovative capability. The results support conceptualization and findings that proper implementation of technological capabilities mediate the relationship between entrepreneurial orientation and firm performance in the context of manufacturing SMEs.

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