TITLE:
Entrepreneurship, National Culture & Firm Growth
AUTHORS:
Rakesh Gupta
KEYWORDS:
Entrepreneurship, Strategy, Entrepreneurial Orientation (EO), National Culture & Firm Growth
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.7,
June
1,
2018
ABSTRACT: This study talks about the inter-linkage of strategy
and entrepreneurship and the emergence of strategic entrepreneurship concept.
It explores the overlap between strategy, entrepreneurship and the nature of
entrepreneurial strategy making construct (EO). The key purpose of this
research is to study the EO construct, which takes into consideration both the
strategic and entrepreneurial behavior of the firm and the key dimensions
comprising this construct. Lumpkin and
Dess’s conceptualized entrepreneurial orientation (EO) construct as comprising
of five dimensions, innovativeness, risk-taking, pro-activeness, competitive
aggressiveness and autonomy, which vary independently. The study proposes a
model linking cultural dimensions and strategic entrepreneurship (EO) and its
influence on firm growth. The study puts forward an argument that those
countries which display certain cultural aspects will have a strong EO, hence
contributing to firm growth.