Krzysztof Wach, Marek Maciejewski, Agnieszka Głodowska
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Inside entrepreneurial orientation: Do risk-taking and innovativeness influence proactiveness?
The article focuses on the interdependencies within entrepreneurial orientation. The objective of the study was to verify the relationship between risk-taking and innovativeness, on the one hand, and proactiveness on the other hand, as three elements of entrepreneurial orientation of internationalized firms. The main research question the article answers is: In what way do risk-taking and innovativeness influence proactiveness within the interrelated three-dimensional construct of entrepreneurial orientation? The article employs structural equation modelling (CB-SEM) to analyse survey results based on a stratified sampling of 355 internationalized firms from Poland. The empirical findings demonstrate the positive impact of risk-taking (RISK) and innovativeness (INNO) on proactiveness (PROACT) within the interrelated three-dimensional construct of entrepreneurial orientation. Moreover, the level of risk-taking (RISK) and innovativeness (INNO) accounts for 36% of the variation in proactiveness (PROACT), which is considered high in social sciences, including business studies.
期刊介绍:
Economics and Sociology (ISSN 2306-3459 Online, ISSN 2071-789X Print) is a quarterly international academic open access journal published by Centre of Sociological Research in co-operation with University of Szczecin (Poland), Mykolas Romeris University (Lithuania), Dubcek University of Trencín, Faculty of Social and Economic Relations, (Slovak Republic) and University of Entrepreneurship and Law, (Czech Republic). The general topical framework of our publication include (but is not limited to): advancing socio-economic analysis of societies and economies, institutions and organizations, social groups, networks and relationships.[...] We welcome articles written by professional scholars and practitioners in: economic studies and philosophy of economics, political sciences and political economy, research in history of economics and sociological phenomena, sociology and gender studies, economic and social issues of education, socio-economic and institutional issues in environmental management, business administration and management of SMEs, state governance and socio-economic implications, economic and sociological development of the NGO sector, cultural sociology, urban and rural sociology and demography, migration studies, international issues in business risk and state security, economics of welfare.