Abstract
This paper analyses environment in fast (gazelles) and slow growing companies (mices) using Entrepreneurialorientation (EO) dimensions and business performance in terms of sales and employee growth. The research isdone using information on 178 small and medium enterprises (SMEs) in Bosnia and Herzegovina. We find thatEO dimensions are more present in gazelles than in mices. We show a small to moderate significant correlationbetween EO dimensions and business performance of gazelles and mices. Also, any change in sales growth andemployee growth might be associated with variability in innovation, risk taking and firm’s age.
Highlights
Small and medium enterprises (SMEs) in general, they have more positive effect if they employ entrepreneurial orientation (Lee & Lim, 2009)
The objective of this study is to examine a presence of Entrepreneurial orientation (EO) dimensions in Bosnian gazelles and mices, its correlation with their business performance and what might be associated with change in their business performance
Entrepreneurial orientation dimensions are more present in “gazelles” companies while less present in “mices” companies and EO dimensions have a significant relationship with their business performance and growth in Bosnia and Herzegovina
Summary
Small and medium enterprises (SMEs) in general, they have more positive effect if they employ entrepreneurial orientation (Lee & Lim, 2009). 1994; 1995; 1996; 1997; 1997; OECD, 1987; Magnus & Johansson, 2010) These researches argue that gazelles create a “disproportionately” large number of new jobs comparing to mices, Neumark et al (2008) have different view, arguing that mices have been classified as more jobs creators than it is reported. We believe that both of them are important and they are one of the most important pillars of economic growth of a state so we need to study them thoroughly
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