Entrepreneurial Orientation, Growth and Development of SMEs. Empirical Results from Poland and the Czech Republic
Journal Title: Barometr Regionalny. Analizy i Prognozy - Year 2018, Vol 16, Issue 4
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.
Authors and Affiliations
Krzysztof Łobos, Mirosława Szewczyk
Keywords
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