Abstract
In an environment of business uncertainty that has characterized the 21st century, enterprises, mainly small and medium-sized ones (SMEs), have to redirect or adequate their business strategies in order to adapt as fast as possible to the changes demanded by the market. Therefore, SMEs have to be more proactive nowadays, take higher risks and be more innovative in order to survive as well as to improve significantly their innovation capabilities in products, services and management systems. In simple terms, SMEs have to adopt and implement the entrepreneurial orientation as part of their everyday activities so they have more possibilities to increase their innovation level. Thus, the main objective of this research is to analyze the existing relation between proactivity, risk taking and innovativeness (dimensions of the entrepreneurial orientation) with the innovation capabilities (innovation in products, services and management systems). The results obtained show that there is a positive and significant relation among the three dimensions of entrepreneurial orientation and innovation capabilities.
Highlights
In the current literature of business and management sciences there is still a considerable debate among researchers, scholars and professionals of the business field about why some enterprises attain better results than others even when they apply the same type of business strategies (Oly & Agarwal, 2014)
The investigations about entrepreneurial orientation and innovation capabilities in small and medium-sized ones (SMEs) are increasing in the current literature because of the importance of SMEs for the growth and development of the economy and society of any country in the world, especially in developing countries with emerging economies as it is the case of Mexico (Mueller, Rosenbusch, & Bausch, 2013)
A model of structural equations was applied in order to answer the hypotheses stated in this empirical research by using the software EQS 6.1 (Bentler, 2005; Brown, 2006; Byrne, 2006) which analyzed the nomological validity of the theoretical model through the square Chi test. It was based on the comparison of the results obtained from the theoretical model and the measurement model; the results indicate that the differences between the two-theoretical model and the measurement model are not significant which provides an explanation of the relations observed between the latent constructs (Anderson & Gerbing, 1988; Hatcher, 1994)
Summary
In the current literature of business and management sciences there is still a considerable debate among researchers, scholars and professionals of the business field about why some enterprises attain better results than others even when they apply the same type of business strategies (Oly & Agarwal, 2014). The investigations about entrepreneurial orientation and innovation capabilities in SMEs are increasing in the current literature because of the importance of SMEs for the growth and development of the economy and society of any country in the world, especially in developing countries with emerging economies as it is the case of Mexico (Mueller, Rosenbusch, & Bausch, 2013) In this regard, the existing relation between entrepreneurial orientation and innovation capabilities represent an opportunity so researchers and scholars can develop future investigations that allow them to provide theoretical and empirical evidence of the actions of entrepreneurism and the level of innovation in SMEs (Yuan, Hermens, Huang, & Chelliah, 2015). Even when SMEs usually have several restrictions of resources, they are the jms.ccsenet.org
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