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Questions and Answers
Match the following concepts with their descriptions:
Match the following concepts with their descriptions:
Risk-taking = Willingness to commit resources under uncertainty Competitive aggressiveness = Companies' passion for increasing market share Autonomy = Independence for individuals/groups to generate ideas Entrepreneurial Orientation (EO) = Willingness to innovate and act proactively
Match the following authors to their contributions:
Match the following authors to their contributions:
Wiklund & Shepherd = Recognized EO as beneficial for businesses Manev et al. = Studied EO in the context of new opportunities Lumpkin & Dess = Described competitive aggressiveness Covin & Slevin = Discussed autonomy and idea generation
Match the following terms with their definitions:
Match the following terms with their definitions:
Resource-risking activities = Commitment to uncertain projects Market share = The portion of a market controlled by a company SMEs = Small and medium-sized enterprises Innovation = The introduction of new products or services
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Study Notes
Overview of the Study
- Focus on the impact of Entrepreneurial Orientation (EO) on the performance of women-owned SMEs in Vietnam.
- Five dimensions of EO evaluated: innovation, competitive aggressiveness, proactiveness, risk-taking, and autonomy.
- Data collected through a survey of 300 SMEs, yielding 258 valid responses.
Key Findings
- Women-owned SMEs experience barriers leading to lesser performance compared to male-owned enterprises.
- Common challenges include limitations in vision, strategy, and risk aversion.
- Despite the growing number of women-owned businesses, their profitability, growth rate, and overall performance remain inadequate.
Entrepreneurial Orientation Dimensions
- Innovation: Involves creating and supporting new ideas, products, and services. Crucial for competitive advantages.
- Competitive Aggressiveness: Describes a company’s pursuit of market share through superior positioning against competitors.
- Proactiveness: Reflects the ability of businesses to recognize and seize opportunities swiftly, fostering growth.
- Risk-Taking: Characterizes a willingness to engage in projects with uncertain outcomes, impacting business decisions.
- Autonomy: Encourages freedom in decision-making processes, promoting independent thought and initiative.
Business Performance Metrics
- Performance measured through owner self-assessment, covering profitability, turnover, and development success.
- Economic indicators used include return on assets and equity, assessing overall firm effectiveness.
Importance of EO in SMEs
- EO has been recognized as vital for survival and sustainability in dynamic business environments.
- Previous studies predominantly focused on developed countries, highlighting a gap in research within Southeast Asia.
Implications for Women-Owned SMEs
- Enhancing understanding of EO dimensions can guide improvements in business tactics and strategies.
- Attention to EO can facilitate better resilience and adaptability in women-owned SMEs.
Research Methodology
- Use of SPSS 20.0 for data analysis.
- Subjective self-reported measures deemed reliable for assessing business performance.
Future Research Directions
- Further studies needed to explore EO's multidimensionality in various cultural contexts.
- Investigate how overcoming identified barriers can elevate the performance of women-owned SMEs in Vietnam.
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