nach oben

Asia Pacific Journal of Management

Erschienen in:

01.06.2012

Entrepreneurial orientation and SME performance in China’s changing environment: The moderating effects of strategies

verfasst von: Zhi Tang, Jintong Tang

Erschienen in: Asia Pacific Journal of Management | Ausgabe 2/2012

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Recent research has found an inverted U-shape relationship between entrepreneurial orientation (EO) and firm performance in the Chinese context. Building on Miles and Snow’s (1978) strategy framework and Scott’s (1995) country institutional profile, we propose that prospector and analyzer strategies align better with entrepreneurial orientation to allow firms to fully benefit from their risk-taking, proactiveness, and innovativeness. Data collected from 155 SMEs in China confirmed that prospector and analyzer strategies alleviated the curve significantly. The defender strategy enhanced the curvilinearity, yet this moderating effect was insignificant. Implications for policy-makers, international businesses, and entrepreneurial firms in China are discussed.

Vorheriger Artikel The effect of institutional ties on knowledge acquisition in uncertain environments

Nächster Artikel Shared rewards and goal interdependence for psychological safety among departments in China

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Ahlstrom, D. 2010. Publishing in the Asia Pacific Journal of Management. Asia Pacific Journal of Management, 27(1): 1–8.CrossRef

Ahlstrom, D., & Bruton, G. D. 2002. An institutional perspective on the role of culture in shaping strategic actions by technology-focused entrepreneurial firms in China. Entrepreneurship Theory & Practice, Summer: 26(4): 53–69.

Ahlstrom, D., & Bruton, G. D. 2004. Guest editors’ introduction to special issue. Turnaround in Asia: Laying the foundation for understanding this unique domain. Asia Pacific Journal of Management, 21(1): 5–24.CrossRef

Aiken, L., & West, S. 1991. Multiple regression: Testing and interpreting interactions. Newbury Park, CA: Sage Publications.

Baron, R. A., & Tang, J. 2009. Entrepreneurs’ social skills and new venture performance: Mediating mechanisms and cultural generality. Journal of Management, 35(2): 282–306.CrossRef

Baron, R. A., & Tang, J. 2010. The role of entrepreneurs in firm-level innovation: Joint effects of positive affect, creativity, and environmental dynamism. Journal of Business Venturing, In press.

Benner, M. J., & Tushman, M. 2002. Process management and technological innovation: A longitudinal study of the photography and paint industries. Administrative Science Quarterly, 47: 676–706.CrossRef

Bhagat, R. S., McDevitt, A. S., & McDevitt, I. 2010. On improving the robustness of Asian management theories: Theoretical anchors in the era of globalization. Asia Pacific Journal of Management, 27(2): 9–22.

Boisot, M., & Child, J. 1999. Organizations as adaptive systems in complex environments: The case of China. Organization Science, 10(3): 237–252.CrossRef

Bourgeois, III., L. J. 1985. Strategic goals, perceived uncertainty, and economic performance in volatile environments. Academy of Management Journal, 28(3): 548–573.CrossRef

Boyd, B. K., & Fulk, J. 1996. Executive scanning and perceived uncertainty: A multidimensional model. Journal of Management, 22(1): 1–21.CrossRef

Boyd, B. K., Dess, G. G., & Rasheed, A. M. 1993. Divergence between archival and perceptual measures of the environment: Causes and consequences. Academy of Management Review, 18(2): 204–226.

Boyne, G. A., & Walker, R. 2004. Strategy content and public service organizations. Journal of Public Administration Research and Theory, 14: 231–252.CrossRef

Brislin, R. W. 1980. Translation and content analysis of oral and written materials. In H. Triandis & J. Berry (Eds.). Handbook of cross-cultural psychology, 2nd ed.: 389–444. Boston: Allyn and Bacon.

Bruton, G. D., Ahlstrom, D., & Obloj, K. 2008. Entrepreneurship in emerging economies: Where are we today and where should the research go in the future. Entrepreneurship Theory and Practice, 32(1): 1–14.CrossRef

Busenitz, L. W., Gòmez, C., & Spencer, J. W. 2000. Country institutional profiles: Unlocking entrepreneurial phenomena. Academy of Management Journal, 43(5): 994–1003.CrossRef

Busenitz, L. W., West, III, G. P., Shepherd, D., Nelson, T., Chandler, G. N., & Zacharakis, A. 2003. Entrepreneurship research in emergence: Past trends and future directions. Journal of Management, 29(3): 285–308.

Chang, S. J., van Witteloostuijn, A., & Eden, L. 2010. Common method variance in international business research. Journal of International Business Studies, 41(2): 178–184.CrossRef

Chia, H.-B., Egri, C. P., Ralston, D. A., Fu, P. P., Kuo, M.-C., Lee, C.-H., Li, Y., & Moon, Y.-L. 2007. Four tigers and the dragon: Value differences, similarities, and consensus. Asia Pacific Journal of Management, 24(3): 305–320.CrossRef

China Statistics Press. 2005. China statistical yearbook. Beijing: China Statistics Press.

Cohen, J., Cohen, P., West, S. G., & Aiken, L. S. 2002. Applied multiple regression/correlation analysis for the behavioral science. Mahwah, NJ: Lawrence Erlbaum.

Collinson, S., & Wilson, D. C. 2006. Inertia in Japanese organizations: Knowledge management routines and failure to innovate. Organization Studies, 27(9): 1359–1387.CrossRef

Covin, J. G., & Slevin, D. P. 1988. The influence of organization structure on the utility of an entrepreneurial top management style. Journal of Management Studies, 25: 217–259.CrossRef

Covin, J. G., & Slevin, D. P. 1989. Strategic management of small firms in hostile and benign environments. Strategic Management Journal, 10: 75–87.CrossRef

Davies, H., & Walters, P. 2004. Emergent patterns of strategy, environment and performance in a transition economy. Strategic Management Journal, 25: 347–364.CrossRef

Dess, G. D., & Beard, D. W. 1984. Dimensions of organizational task environments. Administrative Science Quarterly, 30: 52–73.CrossRef

Detailed Procedures to Financing Small and Medium-sized Enterprises on International Market Expansion. 2001. http://smeimdf.mofcom.gov.cn/files/html/2006/06/09/1110845.html, Accessed Mar. 1, 2010.

Egri, C. P., & Ralston, D. A. 2004. Generation cohorts and personal values: A comparison of China and the United States. Organization Science, 15(2): 210–220.CrossRef

Fang, T. 2010. Asian management research needs more self-confidence: Reflection on Hofstede (2007) and beyond. Asia Pacific Journal of Management, 27(1): 155–170.CrossRef

Fong, C. T. 2006. The effects of emotional ambivalence on creativity. Academy of Management Journal, 49(5): 1016–1030.CrossRef

Fiorito, S. S., & LaForge, R. W. 1986. A marketing strategy analysis of small retails. American Journal of Small Business, 10(4): 7–17.

Fuller, D. B. 2010. How law, politics, and transnational networks affect technology entrepreneurship: Explaining divergent venture capital investing strategies in China. Asia Pacific Journal of Management. doi:10.1007/s10490-009-9149-0.

Government Procurement Law of the People’s Republic of China (Order of the President No. 68). 2002. http://www.gov.cn/english/laws/2005-10/08/content_75023.htm, Accessed Mar. 1, 2010.

Grant, R. M., & Baden-Fuller, C. 2004. A knowledge accessing theory of strategic alliance. Journal of Management Studies, 41(1): 61–84.CrossRef

Guo, K. 1997. The transformation of China’s economic growth pattern—Conditions and methods. Social Sciences in China, 18(3): 12–20.

Hambrick, D. C. 1983. Some tests of the effectiveness and functional attributes of Miles and Snow’s strategic types. Academy of Management Journal, 26: 5–26.CrossRef

Hatfield, L., Pearce, II, J. A., Sleeth, R. G., & Pitts, M. W. 1998. Toward validation of partner goal achievement as a measure of joint venture performance. Journal of Managerial Issues, 10(3): 355–372.

He, Z., & Gu, Y. 2007. The “thruster” for SMEs’ entry of international market: The documentary of the first five years of financing SMEs to explore international markets. Economics Daily, January 18.

Huang, C., Amorim, C., Spinoglio, M., Gouveia, B., & Medina, A. 2004. Organization, programme, and structure: An analysis of the Chinese innovation policy framework. R&D Management, 34(4): 367–387.CrossRef

Huang, Y. 2008. Capitalism with Chinese characteristics: Entrepreneurship and the state. New York: Cambridge University Press.CrossRef

Huergo, E., & Jaumandreu, J. 2004. How Does probability of innovation change with firm age?. Small Business Economics, 22(3/4): 193–208.CrossRef

Hult, G. T. M., Snow, C. C., & Kandemir, D. 2003. The role of entrepreneurship in building cultural competitiveness in different organizational types. Journal of Management, 29(3): 401–426.

Jaccard, J., Robert, T., & Choi, K. W. 1990. Interaction effects in multiple regression. Thousand Oaks, CA: Sage Publications.

Janssen, O. 2001. Fairness perceptions as a moderator in the curvilinear relationships between job demands, and job performance and job satisfaction. Academy of Management Journal, 44: 1039–1050.CrossRef

Jauch, L. R., & Kraft, K. L. 1986. Strategic management of uncertainty. Academy of Management Review, 11: 777–790.

Keats, B. W., & Hitt, M. A. 1988. A casual model of linkages among environmental dimensions, macro organizational characteristics, and performance. Academy of Management Journal, 31(3): 570–598.CrossRef

Khandwalla, P. N. 1977. The design of organizations. New York: Harcourt Brace Jovanovich.

Kim, L., & Lim, Y. 1988. Environment, generic strategies, and performance in a rapidly developing country: A taxonomic approach. Academy of Management Journal, 31(4): 802–827.CrossRef

Kosmala, K., & Herrbach, O. 2006. The ambivalence of professional identity: On cynicism and jouissance in audit firms. Human Relations, 59(10): 1393–1428.CrossRef

Kreiner, G. E., Ashforth, B. E., & Sluss, D. M. 2006. Identity dynamics in occupational dirty work: Integrating social identity and system justification perspectives. Organization Science, 17(5): 619–639.CrossRef

Kreiser, P. M., Marino, L., & Weaver, K. M. 2002. Assessing the psychometric properties of the entrepreneurial orientation scale: A multi-country analysis. Entrepreneurship Theory and Practice, 26(4): 71–94.

Labor Contract Law of the People’s Republic of China (Order of the President No. 65). 2008. http://www.fdi.gov.cn/pub/FDI_EN/Laws/GeneralLawsandRegulations/BasicLaws/P020070831601380007924.pdf, Accessed Mar. 1, 2010.

Lau, C. M., & Busenitz, L. W. 2001. Growth intentions of entrepreneurs in a transitional economy: The People’s Republic of China. Entrepreneurship Theory & Practice, Fall: 26(1): 5–20.

Law of the People’s Republic of China on Promotion of Small and Medium-sized Enterprises (Order of the President No. 69). 2002. http://www.gov.cn/english/laws/2005-10/08/content_75040.htm, Accessed Mar. 1, 2010.

Leonard-Barton, D. 1992. Core capabilities and core rigidities: A paradox in managing new product development. Strategic Management Journal, 13(5): 111–125.CrossRef

Li, H., & Atuahene-Gima, K. 2001. Product innovation strategy and the performance of new technology ventures in China. Academy of Management Journal, 44(6): 1123–1134.CrossRef

Li, H., & Zhang, Y. 2007. The role of managers’ political networking and functional experience in new venture performance: Evidence from China’s transition economy. Strategic Management Journal, 28: 791–804.CrossRef

Li, J. J., Poppo, L., & Zhou, K. Z. 2008. Do managerial ties in China always produce value? Competition, uncertainty, and domestic vs. foreign firms. Strategic Management Journal, 29: 283–400.

London, T., & Hart, S. L. 2004. Reinventing strategies for emerging markets: Beyond the transnational Model. Journal of International Business Studies, 35: 350–370.CrossRef

Lumpkin, G. T., & Dess, G. G. 1996. Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review, 21(1): 135–172.

Luo, Y. 2007. Are joint venture partners more opportunistic in a more volatile environment?. Strategic Management Journal, 28: 39–60.CrossRef

Luo, Y., & Park, S. H. 2001. Strategic alignment and performance of market-seeking MUCs in China. Strategic Management Journal, 22: 141–155.CrossRef

McKinley, W. 1987. Complexity and administrative intensity: The case of declining organizations. Administrative Science Quarterly, 32(1): 87–105.CrossRef

McNally, C. A., & Chu, Y. W. 2006. Exploring capitalist development in greater China: A synthesis. Asian Perspective, 30(2): 31–64.

Meier, K. J., O’Toole, Jr., L. J., Boyne, G. A., & Walker, R. M. 2006. Strategic management and the performance of public organizations: Testing venerable ideas against recent theories. Journal of Public Administration Research and Theory, 17: 357–377.CrossRef

Miles, R. E., & Snow, C. C. 1978. Organizational strategy, structure, and process. New York: McGraw Hill.

Miller, D. 1983. The correlates of entrepreneurship in three types of firms. Management Science, 29: 770–791.CrossRef

Miller, D., & Droge, C. 1986. Psychological and traditional determinants of structure. Administrative Science Quarterly, 31(4): 539–560.CrossRef

Miller, D., & Friesen, P. H. 1982. Innovation in conservative and entrepreneurial firms: Two models of strategic momentum. Strategic Management Journal, 3(10): 1–25.CrossRef

Miller, D., & Friesen, P. H. 1983. Strategy-making and environment: The third link. Strategic Management Journal, 4(3): 221–235.CrossRef

Palmer, T. B., & Wiseman, R. M. 1999. Decoupling risk taking from income stream uncertainty: A holistic model of risk. Strategic Management Journal, 20: 1037–1062.CrossRef

Peng, M. 2002. Towards an institution-based view of business strategy. Asia Pacific Journal of Management, 19(2–3): 251–267.CrossRef

Pennings, J. M. 1975. The relevance of the structural-contingency model for organizational effectiveness. Administrative Science Quarterly, 20(3): 393–410.CrossRef

Piderit, S. K. 2000. Rethinking resistance and recognizing ambivalence: A multidimensional view of attitudes toward an organizational change. Academy of Management Review, 25(4): 783–794.

Podsakoff, P. M., MacKenzie, S. B., Lee, J., & Podsakoff, N. P. 2003. Common method biases in behavioral research: A critical review of the literature and recommended remedies. Journal of Applied Psychology, 88: 879–903.CrossRef

Prescott, J. E. 1986. Environments as moderators of the relationship between strategy and performance. Academy of Management Journal, 29(2): 329–347.CrossRef

Radner, R. 1975. A behavioral model of cost reduction. Bell Journal of Economics, 6(1): 196–215.CrossRef

Rumelt, R. P., Schendel, D. E., & Teece, D. J. 1991. Fundamental issues in strategy: A research agenda. Boston: Harvard Business School Press.

Sapienza, H. J., & Grimm, C. M. 1997. Funder characteristics, start-up process, and strategy/structure variables as predictors of shortline railroad performance. Entrepreneurship Theory & Practice, Fall: 22(1): 5–24.

Scott, R. 1995. Institutions and organizations. Thousand Oaks, CA: Sage.

Shortell, S. M., & Zajac, E. 1990. Perceptual and archival measures of Miles and Snow’s strategic types: A comprehensive assessment of reliability and validity. Academy of Management Journal, 33: 817–832.CrossRef

Steensma, H. K., Marino, L., Weaver, K. M., & Dickson, P. H. 2000. The influence of national culture on the formation of technological alliances by entrepreneurial firms. Academy of Management Journal, 43: 951–973.CrossRef

Stevenson, H. H., & Jarillo, J. C. 1990. A paradigm of entrepreneurship: Entrepreneurial management. Strategic Management Journal, 11: 17–27.

Sutcliffe, K. M. 1994. What executives notice: Accurate perceptions of top management teams. Academy of Management Journal, 37: 1360–1378.CrossRef

Tan, J. 2001. Innovation and risk-taking in a transitional economy: A comparative study of Chinese managers and entrepreneurs. Journal of Business Venturing, 16: 359–376.CrossRef

Tan, J. J., & Litschert, R. J. 1994. Environment—strategy relationship and its performance implications: An empirical study of the Chinese electronics industry. Strategic Management Journal, 15(1): 1–20.CrossRef

Tan, J., & Tan, D. 2005. Environment—strategy co- and co-alignment: A staged model of Chinese SOEs under transition. Strategy Management Journal, 26: 141–157.CrossRef

Tang, J., Tang, Z., Marino, L., Zhang, Y., & Li, Q. 2008. Exploring an inverted U-shape relationship between entrepreneurial orientation and performance in Chinese new ventures. Entrepreneurship Theory and Practice, 32(1): 219–239.CrossRef

Tang, Z., Kreiser, P. M., Marino, L., & Weaver, K. M. 2010. Exploring proactiveness as a moderator in the process of perceiving industrial munificence: A field study of SMEs in four countries. Journal of Small Business Management, 48(2): 97–115.

Van de Ven, A. H., & Delbecq, A. L. 1974. The effectiveness of nominal, Delphi, and interacting group decision making processes. Academy of Management Journal, 17(4): 605–621.CrossRef

Venkatraman, N. 1989. Strategic orientation of business enterprises: The construct, dimensionality, and measurement. Management Science, 35(8): 942–962.CrossRef

Walter, A., Auer, M., & Ritter, T. 2006. The impact of network capabilities and entrepreneurial orientation on university spin-off performance. Journal of Business Venturing, 21: 541–567.CrossRef

Wang, K. 2008. The truth of the bankruptcy wave in Dongguan: 20% of Hong Kongnese-owned companies are planning to close. Oriental Outlook, June 30.

Wiklund, J., & Shepherd, D. 2004. Knowledge-based resources, entrepreneurial orientation, and the performance of small and medium-sized businesses. Strategic Management Journal, 24: 1307–1314.CrossRef

Wiklund, J., & Sheperd, D. 2005. Entrepreneurial orientation and small business performance: A configurational approach. Journal of Business Venturing, 20: 71–91.CrossRef

Titel: Entrepreneurial orientation and SME performance in China’s changing environment: The moderating effects of strategies
verfasst von: Zhi Tang
Jintong Tang
Publikationsdatum: 01.06.2012
Verlag: Springer US
Erschienen in: Asia Pacific Journal of Management / Ausgabe 2/2012
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI: https://doi.org/10.1007/s10490-010-9200-1

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 2/2012

Leaders’ social ties, knowledge acquisition capability and firm competitive advantage

Transformational leadership and gatekeeping leadership: The roles of norm for maintaining consensus and shared leadership in team performance

A multi-level study of emergent group leadership: Effects of emotional stability and group conflict

Leadership research in Asia: A brief assessment and suggestions for the future

The development of entrepreneurship in Chinese communities: An organizational symbiosis perspective

Organizational culture and partner interaction in the management of international joint ventures in India