Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensions
Learning from other firms is identified as an important resource for firm survival. Benchmarking is a learning mechanism that can aid firms in identifying superior organisational capabilities and behaviours among other firms. Firms that possess stronger benchmarking capabilities and are able to ali...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Asociación de Directivos Superiores de Administración, Negocios o Empresariales de Chile A.G. (ASFAE)
2022-12-01
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| Series: | Multidisciplinary Business Review |
| Subjects: | |
| Online Access: | https://journalmbr.net/index.php/mbr/article/view/5407 |
| _version_ | 1797955589912920064 |
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| author | Erik T. Markin R. Gabrielle Swab Robert Gigliotti Cameron Duncan Nicol Yankun Jia Kaushik Mukherjee |
| author_facet | Erik T. Markin R. Gabrielle Swab Robert Gigliotti Cameron Duncan Nicol Yankun Jia Kaushik Mukherjee |
| author_sort | Erik T. Markin |
| collection | DOAJ |
| description |
Learning from other firms is identified as an important resource for firm survival. Benchmarking is a learning mechanism that can aid firms in identifying superior organisational capabilities and behaviours among other firms. Firms that possess stronger benchmarking capabilities and are able to align their strategic posture with those of market leaders, may be more likely to enjoy greater firm performance. One strategic posture that has been shown to lead to higher performance is a firm’s entrepreneurial orientation (EO). Notwithstanding, the benchmarking of organisational entrepreneurial postures as a route to enhanced firm performance has received little attention. We empirically examine firm performance implications regarding deviation in key EO dimensions from those of top performing firms. Results suggest that the alignment of various dimensions of EO with those of top-performers are more outstanding than others and that the direction of deviation from the benchmark connotes performance implications. We discuss limitations and potential for future research.
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| first_indexed | 2024-04-10T23:36:40Z |
| format | Article |
| id | doaj.art-eef69b02d8044095b11890b2878ec5ff |
| institution | Directory Open Access Journal |
| issn | 0718-400X 0718-3992 |
| language | English |
| last_indexed | 2024-04-10T23:36:40Z |
| publishDate | 2022-12-01 |
| publisher | Asociación de Directivos Superiores de Administración, Negocios o Empresariales de Chile A.G. (ASFAE) |
| record_format | Article |
| series | Multidisciplinary Business Review |
| spelling | doaj.art-eef69b02d8044095b11890b2878ec5ff2023-01-11T17:53:53ZengAsociación de Directivos Superiores de Administración, Negocios o Empresariales de Chile A.G. (ASFAE)Multidisciplinary Business Review0718-400X0718-39922022-12-0115210.35692/07183992.15.2.7Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensionsErik T. Markin0R. Gabrielle Swab1Robert Gigliotti2Cameron Duncan Nicol3Yankun Jia4Kaushik Mukherjee5Mississippi State University, College of Business, Department of Management and Information SystemsGeorgia Southern University, Parker College of Business, Department of Management. StatesboroSaint Anselm College, Economics and Business, Economics and Business Department. GoffstownUnion University, McAfree School of Business, Department of Marketing. JacksonEmporia State University, School of Business, Department of Management. EmporiaWorcester State University, School of Business Administration and Economics. Worcester, Learning from other firms is identified as an important resource for firm survival. Benchmarking is a learning mechanism that can aid firms in identifying superior organisational capabilities and behaviours among other firms. Firms that possess stronger benchmarking capabilities and are able to align their strategic posture with those of market leaders, may be more likely to enjoy greater firm performance. One strategic posture that has been shown to lead to higher performance is a firm’s entrepreneurial orientation (EO). Notwithstanding, the benchmarking of organisational entrepreneurial postures as a route to enhanced firm performance has received little attention. We empirically examine firm performance implications regarding deviation in key EO dimensions from those of top performing firms. Results suggest that the alignment of various dimensions of EO with those of top-performers are more outstanding than others and that the direction of deviation from the benchmark connotes performance implications. We discuss limitations and potential for future research. https://journalmbr.net/index.php/mbr/article/view/5407BenchmarkingEntrepreneurshipEntrepreneurial OrientationPerformance |
| spellingShingle | Erik T. Markin R. Gabrielle Swab Robert Gigliotti Cameron Duncan Nicol Yankun Jia Kaushik Mukherjee Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensions Multidisciplinary Business Review Benchmarking Entrepreneurship Entrepreneurial Orientation Performance |
| title | Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensions |
| title_full | Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensions |
| title_fullStr | Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensions |
| title_full_unstemmed | Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensions |
| title_short | Benchmarking strategic orientation and firm performance: An analysis of entrepreneurial orientation dimensions |
| title_sort | benchmarking strategic orientation and firm performance an analysis of entrepreneurial orientation dimensions |
| topic | Benchmarking Entrepreneurship Entrepreneurial Orientation Performance |
| url | https://journalmbr.net/index.php/mbr/article/view/5407 |
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