Abstract
<p class="Default">This paper focused on the relationship between the four main dimensions of entrepreneurial thinking and the performance of 384 Jordanian companies. A survey of 384 small companies exposed the presence of a direct and positive relationship between the four dimensions of entrepreneurial thinking, namely identification of opportunity, risk-taking, tolerance ambiguity and creative and innovative, and performance. The findings highlighted the idea that the more the Jordanian companies identify their opportunities, accept the risk of success or failure, accept tolerance ambiguity and encourage the innovation, the more they will improve their performance. Furthermore, the outcome of the four relationships; innovation-performance, risk taking-performance, tolerance ambiguity-performance and opportunity identification-performance is enormous and statistically significant. This study offered references for enterprises of how their entrepreneurial thinking positively influences their performance.</p>
Highlights
This paper focused on the relationship between the four main dimensions of entrepreneurial thinking and the performance of 384 Jordanian companies
This study explores the significance of entrepreneurial thinking to the performance of small business engaged in entrepreneurial projects
According to Shaver et al (1991), the question lies in what the entrepreneurial thought process is and how individual and social information sources integrate with other cognitive tendencies to lead to entrepreneurial actions
Summary
This study explores the significance of entrepreneurial thinking to the performance of small business engaged in entrepreneurial projects. Many small businesses face large challenges when their competitive and political environment changes. Their survival and future existence in these situations depends on their ability to adapt to these changes. Speaking, thinking style is considered as the preferred pattern of an individual for using his mental abilities in tackling day-to-day demands and activities with the inclusion of the perception, and solution of problems and challenges that he faces. As identified by Krueger (2007) and Gaglio (2004), entrepreneurial thinking is the capacity to see the world and the environment as an open market, and in turn, to involve the essential activities to exploit opportunities that exist. As indicated by Krueger (2007), a fruitful business may be arranged by a specialist mindset
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