The Importance of Strategic Entrepreneurship in Developing the Competitive Advantage of Enterprises – the Perspective of Agility

Authors

DOI:

https://doi.org/10.15678/ZNUEK.2021.0992.0201

Keywords:

strategic entrepreneurship, competitive advantage, strategic agility, efficiency

Abstract

Objective: The purpose of this paper is to identify the relationship between strategic entrepreneurship (according to the measures of this construct adopted) and competitive advantage (taking into account the market results of enterprises).

Research Design & Methods: Quantitative research carried out on a sample of 424 medium-sized and large companies in Poland is the basis for the empirical conclusions. CATI (Computer Assisted Telephone Interview) was used to collect the data.

Findings: Analysis of the results shows that all of the relationships analysed are positive and statistically significant. The main hypothesis, that there is a positive relationship between strategic entrepreneurship (co-created by: ability to cooperate, innovation ability, entrepreneurial culture) and the competitive advantage of enterprises, could not be rejected.

Implications / Recommendations: The results could be extremely useful in developing strategic entrepreneurship in enterprises, providing an answer to the question of what makes some enterprises more effective than others in building a competitive advantage in terms of agility. The results of the research can be used by managers to make decisions concerning the shaping of attitudes and the behaviour of employees and the applicable standards in the context of differentiating the effectiveness of their correlation with the market results of enterprises.

Contribution: The contribution of research results to the development of the scientific discipline can be indicated in the area of new knowledge on the different role of the dimensions of strategic entrepreneurship that differentiate the effectiveness of the company’s activities in the context of competitive advantage.

Downloads

Download data is not yet available.

References

Antoncic B. (2006), Impacts of Diversification and Corporate Entrepreneurship ­Strategy Making on Growth and Profitability: A Normative Model, „Journal of Enterprising ­Culture”, vol. 14, nr 1, https://doi.org/10.1142/s0218495806000040. DOI: https://doi.org/10.1142/S0218495806000040

Antoncic B., Hisrich R.D. (2004), Corporate Entrepreneurship Contingencies and Organizational Wealth Creation, „Journal of Management Development”, vol. 23, nr 6, https://doi.org/10.1108/02621710410541114. DOI: https://doi.org/10.1108/02621710410541114

Bierweth M., Schwens Ch., Isidor R., Kabst R. (2015), Corporate Entrepreneurship and Performance: A Meta-analysis, „Small and Business Economy”, vol. 45(2), https://doi.org/10.1007/s11187-015-9629-1. DOI: https://doi.org/10.1007/s11187-015-9629-1

Bratnicka K. (2014), Strategic Entrepreneurship and Firm Performance − Restoring the Role of Task Environment, „Prace Naukowe Uniwersytetu Ekonomicznego we ­Wrocławiu”, nr 366, https://doi.org/10.15611/pn.2014.366.05. DOI: https://doi.org/10.15611/pn.2014.366.05

Burns T., Stalker G.M. (1961), The Management of Innovation, Travistock Publishing, ­London.

Covin J.G., Slevin D.P. (1991), A Conceptual Model of Entrepreneurship as Firm Behavior, „Entrepreneurship Theory and Practice”, vol. 16, nr 1, https://doi.org/10.1177/104225879101600102. DOI: https://doi.org/10.1177/104225879101600102

Doz Y. (2020), Fostering Strategic Agility: How Individual Executives and Human ­Resource Practices Contribute, „Human Resource Management Review”, vol. 30(1), https://doi.org/10.1016/j.hrmr.2019.100693. DOI: https://doi.org/10.1016/j.hrmr.2019.100693

Doz Y.L., Kosonen M. (2008), Fast Strategy. How Strategic Agility Will Help You Stay Ahead of the Game, Wharton School Publishing, London.

Dyduch W., Bratnicka K. (2014), Strategiczna przedsiębiorczość: koncepcja i pomiar, ­„Prace Naukowe Wałbrzyskiej Wyższej Szkoły Zarządzania i Przedsiębiorczości”, vol. 27, nr 2.

Hamad Z.M.M., Yozgat U. (2017), Does Organizational Agility Affect Organizational Learning Capability? Evidence from Commercial Banking, „Management Science ­Letters”, vol. 7, https://doi.org/10.5267/j.msl.2017.5.001. DOI: https://doi.org/10.5267/j.msl.2017.5.001

Hitt M.A., Ireland R.D., Camp S.M., Sexton D.L. (2001), Strategic Entrepreneurship: ­Entrepreneurial Strategies for Wealth Creation, „Strategic Management Journal”, vol. 22(6–7) (Special Issue), https://doi.org/10.1002/smj.196. DOI: https://doi.org/10.1002/smj.196

Hitt M.A., Ireland R.D., Sirmon D.G., Trahms Ch.A. (2011), Strategic Entrepreneurship: Creating Value for Individuals, Organizations, and Society, „Academy of Management ­Perspectives”, vol. 25, nr 2, https://doi.org/10.5465/amp.25.2.57. DOI: https://doi.org/10.5465/AMP.2011.61020802

Hurley R.F, Hult G.T.M. (1998), Innovation, Market Orientation, and Organizational Learning: An Integration and Empirical Examination, „Journal of Marketing”, vol. 62(3), https://doi.org/10.2307/1251742. DOI: https://doi.org/10.2307/1251742

Ireland R.D., Covin J.G., Kuratko D.F. (2009), Conceptualizing Corporate ­Entrepreneurship Strategy, „Entrepreneurship Theory and Practice”, vol. 33, nr 1, https://doi.org/10.1111/j.1540-6520.2008.00279.x. DOI: https://doi.org/10.1111/j.1540-6520.2008.00279.x

Ireland R.D., Hitt M.A., Camp S.M., Sexton D.L. (2001), Integrating Entrepreneurship and Strategic Management Actions to Create Firm Wealth, „Academy of Management Executive”, vol. 15, nr 1. DOI: https://doi.org/10.5465/ame.2001.4251393

Ireland R.D., Hitt M.A., Sirmon D.G. (2003), A Model of Strategic Entrepreneurship: The Construct and Its Dimensions, „Journal of Management”, vol. 29, nr 6. DOI: https://doi.org/10.1016/S0149-2063_03_00086-2

Ireland, R.D., Kuratko D.F., Covin J.G. (2003), Antecedents, Elements, and Consequences of Corporate Entrepreneurship Strategy (w:) Proceedings of the ­Sixty-third Annual Meeting of the Academy of Management, ed. D.H. Nago, CD, ISSN 1543-8643. DOI: https://doi.org/10.5465/ambpp.2003.13793054

Ireland R.D., Webb J.W. (2007), Strategic Entrepreneurship: Creating Competitive ­Advantage through Streams of Innovation, „Business Horizons”, vol. 50, nr 1, https://doi.org/10.1016/j.bushor.2006.06.002. DOI: https://doi.org/10.1016/j.bushor.2006.06.002

Jambulingam T., Kathuria R., Doucette W.R. (2005), Entrepreneurial Orientation as a ­Basis for Classification within a Service Industry: The Case of Retail Pharmacy Industry, ­„Journal of Operations Management”, vol. 23(1), https://doi.org/10.1016/j.jom.2004.09.003. DOI: https://doi.org/10.1016/j.jom.2004.09.003

Jasiewicz S. (2006), Zmiana warunków konkurencyjności przedsiębiorstw (w:) S. ­Kasiewicz, W. Rogowski, M. Kicińska, Kapitał intelektualny, Oficyna Ekonomiczna, Kraków.

Kraus S., Kauranen I., Henning Reschke C. (2011), Identification of Domains for a New Conceptual Model of Strategic Entrepreneurship Using the Configuration Approach, „Management Research Review”, vol. 34, nr 1, https://doi.org/10.1108/01409171111096478. DOI: https://doi.org/10.1108/01409171111096478

Kuratko D.F., Morris M.H., Covin J.C. (2011), Corporate Entrepreneurship and ­Innovation. Entrepreneurial Development within Organizations, 3rd ed., South-Western Cengage Learning, Mason.

Lawson B., Samson D. (2001), Developing Innovation Capability in Organisations: A ­Dynamic Capabilities Approach, „International Journal of Innovation Management”, vol. 5, nr 3, https://doi.org/10.1142/s1363919601000427. DOI: https://doi.org/10.1142/S1363919601000427

Li X., Chung C., Goldsby T.J., Holsapple C.W. (2008), A Unified Model of Supply Chain Agility: The Work-design Perspective, „International Journal of Logistics Management”, vol. 19(3), https://doi.org/10.1108/09574090810919224. DOI: https://doi.org/10.1108/09574090810919224

Lichtenhaler U., Muethel M. (2012), The Impact of Family Involvement on Dynamic ­Innovation Capabilities: Evidence from German Manufacturing Firms, „Entrepreneurship Theory and Practice”, vol. 36, nr 6, https://doi.org/10.1111/j.1540-6520.2012.00548.x. DOI: https://doi.org/10.1111/j.1540-6520.2012.00548.x

Luke B., Kearins K., Verreynne M.-L. (2011), Developing a Conceptual Framework of Strategic Entrepreneurship, „International Journal of Entrepreneurial Behavior & ­Research”, vol. 17, nr 3, https://doi.org/10.1108/13552551111130736. DOI: https://doi.org/10.1108/13552551111130736

Lumpkin G.T., Dess G.G. (1996), Clarifying the Entrepreneurial Orientation Construct and Linking It to Performance, „Academy of Management Review”, vol. 21(1), https://doi.org/10.2307/258632. DOI: https://doi.org/10.2307/258632

Maskell B. (2001), The Age of Agile Manufacturing, „Supply Chain Management”, vol. 6, nr 1, https://doi.org/10.1108/13598540110380868. DOI: https://doi.org/10.1108/13598540110380868

Mazzei M.J (2018), Strategic Entrepreneurship: Content, Process, Context, and ­Outcomes, „International Entrepreneurship and Management Journal”, vol. 14(3), https://doi.org/10.1007/s11365-018-0512-9. DOI: https://doi.org/10.1007/s11365-018-0512-9

Mazzei M.J., Ketchen D.J., Shook C.L. (2017), Understanding Strategic Entrepreneurship: A “Theoretical Toolbox” Approach, „International Entrepreneurship and Management Journal”, vol. 13, nr 2, https://doi.org/10.1007/s11365-016-0419-2. DOI: https://doi.org/10.1007/s11365-016-0419-2

Meredith S., Francis D. (2000), Journey towards Agility: The Agile Wheel Explored, „The TQM Magazine”, vol. 12(2), https://doi.org/10.1108/09544780010318398. DOI: https://doi.org/10.1108/09544780010318398

Paek B., Lee H. (2018), Strategic Entrepreneurship and Competitive Advantage of Established Firms: Evidence from the Digital TV Industry, „International Entrepreneurship and Management Journal”, vol. 14(4), https://doi.org/10.1007/s11365-017-0476-1. DOI: https://doi.org/10.1007/s11365-017-0476-1

Sajdak M. (2019), Zwinność strategiczna przedsiębiorstw, Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu, Poznań. DOI: https://doi.org/10.18559/978-83-66199-32-3

Scott S.G., Bruce R.A. (1994), Determinants of Innovative Behavior: A Path Model of Individual Innovation in the Workplace, „Academy of Management Journal”, vol. 37(3), https://doi.org/10.5465/256701. DOI: https://doi.org/10.2307/256701

Shukla M. (2013), To Study the Relationship between Knowledge Utilization and Learning Capability in a Team, Proceedings of the 10th International Conference on Intellectual Capital, Knowledge Management and Organizational Learning: ICICKM 2013, 394-400. Academic Conference Limited.

Simsek Z., Heavey C., Fox B.C. (2017), (Meta-)framing Strategic Entrepreneurship, ­„Strategic Organization”, vol. 15, nr 4, https://doi.org/10.1177/1476127017711720. DOI: https://doi.org/10.1177/1476127017711720

Stankiewicz M.J. (2000), Istota i sposoby oceny konkurencyjności przedsiębiorstw, ­„Gospodarka Narodowa”, vol. 161, nr 7–8, https://doi.org/10.33119/gn/113968. DOI: https://doi.org/10.33119/GN/113968

Stevenson H.H., Jarillo J.C. (1990), A Paradigm of Entrepreneurship: Entrepreneurial ­Management, „Strategic Management Journal”, vol. 11.

Vargas M.I.R. (2013), Underlying Dimensions and Organizational Values in Organizational Learning. Strategy for Capacity Building in Developing Countries, „Journal of Technology Management and Innovation”, vol. 8, nr 3, https://doi.org/10.4067/s0718-27242013000400006. DOI: https://doi.org/10.4067/S0718-27242013000400006

Vázquez-Bustelo D., Avella L., Fernández E. (2007), Agility Drivers, Enablers and Outcomes: Empirical Test of an Integrated Agile Manufacturing Model, „International Journal of Operations & Production Management”, vol. 27(12), https://doi.org/10.1108/01443570710835633. DOI: https://doi.org/10.1108/01443570710835633

Vokurka R.J., Fliedner G. (1998), The Journey toward Agility, „Industrial Management & Data Systems”, vol. 98(4), https://doi.org/10.1108/02635579810219336. DOI: https://doi.org/10.1108/02635579810219336

Webb J.W., Ketchen D.J., Ireland R.D. (2010), Strategic Entrepreneurship within Family-controlled Firms: Opportunities and Challenges, „Journal of Family Business Strategy”, vol. 1, nr 2, https://doi.org/10.1016/j.jfbs.2010.04.002. DOI: https://doi.org/10.1016/j.jfbs.2010.04.002

Weber Y., Tarba S.Y. (2014), Strategic Agility: A State of the Art Introduction to the Special Section on Strategic Agility, „California Management Review”, vol. 56(3), https://doi.org/10.1525/cmr.2014.56.3.5. DOI: https://doi.org/10.1525/cmr.2014.56.3.5

Zahra S.A., Covin J.G. (1995), Contextual Influences on the Corporate Entrepreneurship-Performance Relationship: A Longitudinal Analysis, „Journal of Business Venturing”, vol. 10, nr 1, https://doi.org/10.1016/0883-9026(94)00004-e. DOI: https://doi.org/10.1016/0883-9026(94)00004-E

Zahra S.A., Garvis D.M. (2000), International Corporate Entrepreneurship and Firm ­Performance: The Moderating Effects of International Environmental Hostility, „Journal of Business Venturing”, vol. 15, nr 5–6, https://doi.org/10.1016/S0883-9026(99)00036-1. DOI: https://doi.org/10.1016/S0883-9026(99)00036-1

Zhang J.A., Garrett-Jones S., Szeto R. (2013), Innovation Capability and Market Performance: The Moderating Effect of Industry Dynamism, „International Journal of Innovation Management”, vol. 17, nr 2, https://doi.org/10.1142/s1363919613500047. DOI: https://doi.org/10.1142/S1363919613500047

Zhang Z., Sharifi H. (2000), A Methodology for Achieving Agility in Manufacturing ­Organisations, „International Journal of Operations & Production Management”, vol. 20(4), https://doi.org/10.1108/01443570010314818. DOI: https://doi.org/10.1108/01443570010314818

Downloads

Published

06-12-2021

Issue

Section

Articles

How to Cite

Sajdak, M. (2021). The Importance of Strategic Entrepreneurship in Developing the Competitive Advantage of Enterprises – the Perspective of Agility. Krakow Review of Economics and Management Zeszyty Naukowe Uniwersytetu Ekonomicznego W Krakowie, 2(992), 9-30. https://doi.org/10.15678/ZNUEK.2021.0992.0201