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Entrepreneurial Orientation and Firm Performance: A Systematic Review

Received: 7 April 2023    Accepted: 26 May 2023    Published: 6 June 2023
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Abstract

The purpose of this study is to review a number of articles that examine the relationship between entrepreneurial orientation and firm performance, especially in small and medium enterprises in the period 2016 to 2021. The method used to conduct this systematic review is to examine the selected literature in a systematic and structured manner. Most of the results of a systematic review show that studies of Entrepreneurial Orientation and Firm Performance in various countries indicate relatively the same results, namely Entrepreneurship Orientation has a positive and significant effect on Firm Performance. However, specific finding shows that the dimension of innovation has more positive influence on the orientation of entrepreneurship. The small companies that are proactive to external stimuli are not only more innovative, but also have Entrepreneurial Orientation capabilities that support the firm performance in international markets. Other studies show that EO and FP have a positive and significant positive relationship such as in economically depressed areas, in areas with high environmental dynamics, and areas with hostile environments. Meanwhile, the other findings confirm that EO is the main strategic resource, and with Learning Orientation, the organization can utilize this resource more effectively.

Published in European Business & Management (Volume 9, Issue 3)
DOI 10.11648/j.ebm.20230903.12
Page(s) 51-62
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Entrepreneurial Orientation, Firm Performance, Systematic Review

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    Towaf Totok Irawan, Mohd Najib Bin Mansor, Afifah Alwani Ramlee. (2023). Entrepreneurial Orientation and Firm Performance: A Systematic Review. European Business & Management, 9(3), 51-62. https://doi.org/10.11648/j.ebm.20230903.12

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    Towaf Totok Irawan; Mohd Najib Bin Mansor; Afifah Alwani Ramlee. Entrepreneurial Orientation and Firm Performance: A Systematic Review. Eur. Bus. Manag. 2023, 9(3), 51-62. doi: 10.11648/j.ebm.20230903.12

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    Towaf Totok Irawan, Mohd Najib Bin Mansor, Afifah Alwani Ramlee. Entrepreneurial Orientation and Firm Performance: A Systematic Review. Eur Bus Manag. 2023;9(3):51-62. doi: 10.11648/j.ebm.20230903.12

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  • @article{10.11648/j.ebm.20230903.12,
      author = {Towaf Totok Irawan and Mohd Najib Bin Mansor and Afifah Alwani Ramlee},
      title = {Entrepreneurial Orientation and Firm Performance: A Systematic Review},
      journal = {European Business & Management},
      volume = {9},
      number = {3},
      pages = {51-62},
      doi = {10.11648/j.ebm.20230903.12},
      url = {https://doi.org/10.11648/j.ebm.20230903.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20230903.12},
      abstract = {The purpose of this study is to review a number of articles that examine the relationship between entrepreneurial orientation and firm performance, especially in small and medium enterprises in the period 2016 to 2021. The method used to conduct this systematic review is to examine the selected literature in a systematic and structured manner. Most of the results of a systematic review show that studies of Entrepreneurial Orientation and Firm Performance in various countries indicate relatively the same results, namely Entrepreneurship Orientation has a positive and significant effect on Firm Performance. However, specific finding shows that the dimension of innovation has more positive influence on the orientation of entrepreneurship. The small companies that are proactive to external stimuli are not only more innovative, but also have Entrepreneurial Orientation capabilities that support the firm performance in international markets. Other studies show that EO and FP have a positive and significant positive relationship such as in economically depressed areas, in areas with high environmental dynamics, and areas with hostile environments. Meanwhile, the other findings confirm that EO is the main strategic resource, and with Learning Orientation, the organization can utilize this resource more effectively.},
     year = {2023}
    }
    

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  • TY  - JOUR
    T1  - Entrepreneurial Orientation and Firm Performance: A Systematic Review
    AU  - Towaf Totok Irawan
    AU  - Mohd Najib Bin Mansor
    AU  - Afifah Alwani Ramlee
    Y1  - 2023/06/06
    PY  - 2023
    N1  - https://doi.org/10.11648/j.ebm.20230903.12
    DO  - 10.11648/j.ebm.20230903.12
    T2  - European Business & Management
    JF  - European Business & Management
    JO  - European Business & Management
    SP  - 51
    EP  - 62
    PB  - Science Publishing Group
    SN  - 2575-5811
    UR  - https://doi.org/10.11648/j.ebm.20230903.12
    AB  - The purpose of this study is to review a number of articles that examine the relationship between entrepreneurial orientation and firm performance, especially in small and medium enterprises in the period 2016 to 2021. The method used to conduct this systematic review is to examine the selected literature in a systematic and structured manner. Most of the results of a systematic review show that studies of Entrepreneurial Orientation and Firm Performance in various countries indicate relatively the same results, namely Entrepreneurship Orientation has a positive and significant effect on Firm Performance. However, specific finding shows that the dimension of innovation has more positive influence on the orientation of entrepreneurship. The small companies that are proactive to external stimuli are not only more innovative, but also have Entrepreneurial Orientation capabilities that support the firm performance in international markets. Other studies show that EO and FP have a positive and significant positive relationship such as in economically depressed areas, in areas with high environmental dynamics, and areas with hostile environments. Meanwhile, the other findings confirm that EO is the main strategic resource, and with Learning Orientation, the organization can utilize this resource more effectively.
    VL  - 9
    IS  - 3
    ER  - 

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Author Information
  • Business Digital Department, Faculty of Economics and Business, Universitas Pakuan, Kota Bogor, Indonesia

  • International Business and Management, Universiti Utara Malaysia, Kedah, Malaysia

  • Marketing and Tourism Department at the Business School, University of Bedfordshire, Luton, United Kingdom

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