Abstract
Entrepreneurship is a highly dynamic and important endeavor that spills over to economic, technological, and social canvas of a society in this rapidly changing globalized economy. The purpose of the present quantitative study is to investigate the associations among information and communication technologies, innovation, absorptive capacity, CEO’s temporal leadership, and competitive advantage by considering corporate entrepreneurship as a mediator. These factors have been incorporated because they play a predominant role to vie in a competitive environment for entrepreneurial success and economic growth. We used the response of 460 organizations, acquired on a Likert scale, to examine how antecedents of corporate entrepreneurship contribute toward competitive advantage. Structural equation modeling was employed to analyze the measurement and structural relationships including the mediation effects of corporate entrepreneurship. All the relationships with corporate entrepreneurship were found significant except the direct effect of absorptive capacity on competitive advantage. Hence, the results established corporate entrepreneurship as a mediator to predict competitive advantage partially by information and communication technologies (ICT) use, innovation, and temporal leadership. The findings also reveal that absorptive capacity reaps an entire competitive advantage only through corporate entrepreneurship. Practically, the study would be invaluable for organizations, entrepreneurs, and managers to capture a lot of opportunities in effectively managing scarce resources.
Highlights
The new economic and business setting caused by complex technological advances and an uncertain environment calls for faster and innovative response strategies to maintain competitive advantage
In order to make a doable study, we have identified four types of inquiries into corporate entrepreneurship leading toward competitive advantage: information and communication technologies (ICT) use, innovation, absorptive capacity, and CEO’s temporal leadership
structural equation modeling (SEM) has two elements: the first is confirmatory factor analysis (CFA), which is used to measure the validity of a model comprising unobserved and observed variables, and second component is path analysis that is used to fit the structural model with the latent variables (Kline, 2010)
Summary
The new economic and business setting caused by complex technological advances and an uncertain environment calls for faster and innovative response strategies to maintain competitive advantage. With the inability to perceive this departure, many projects failed, and organizations were unsuccessful to achieve their planned goals (Yunis et al, 2018). A study by Klynveld Peat Marwick Goerdeler (KPMG, a professional service company and one of the Big Four auditors) has examined that 70% of businesses suffered loss in their projects and Corporate Entrepreneurship for Competitive Advantage. Gartner (2012) stated that 55–75% of projects of enterprise resource planning (ERP) and more than 70% of information system projects did not achieve their businesses goals. Gartner reported that only 30% of projects of information system attain business objectives (Saran, 2012). The aforementioned projects’ failures could be attributed to numerous problems such as the lack of entrepreneurial activities and poor competitive strategy positioning of IT firms (Carlton, 2014)
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