Entrepreneurial orientation and strategic management practices in commercial banks

Abstract

Entrepreneurial orientation by the companies has generated considerable attention in research due to its importance to corporate vitality and generation of wealth in today's global context. Corporate entrepreneurial orientation facilitates the companies' effort to exploit its current advantages, opportunities and competencies required to pursue them successfully. This also contributes to the evolution of corporate strategy by building new opportunities that enable recreation foster strategic change and increases company's performance. Overall, entrepreneurial orientation has become a flourishing research field since it is widely advocated as a means of organizational innovation and has many advantages both at individual and organizational level. Entrepreneurial orientation and strategic management practices are combined in a empirical research investigating the influence of strategic management practices on entrepreneurial orientation of private sector commercial banks.