International Journal of Review Management Business and Entrepreneurship
Vol. 4 No. 1 (2024): International Journal of Review Management Business and Entrepreneurship (RMBE)

The interaction of entrepreneurial orientation on the business performance of Small and Medium Industries in Bali

Rihayana, I Gede (Unknown)
M Arsha, I Made Risma (Unknown)
Suardhika, I Nengah (Unknown)



Article Info

Publish Date
01 Jun 2024

Abstract

This study tests the Resource-Based View (RBV) theory based on the interaction of entrepreneurial orientation, namely proactiveness, innovativeness, and risk-taking, on the business performance of Small and Medium Industries (SMIs) in Bali. The population of this study is SMIs in Bali with a sample of 55 randomly selected companies. Data collection was conducted through a survey using a questionnaire with a 5-point Likert scale to obtain respondents' perceptions. Data analysis used descriptive analysis and inferential analysis with SEM-PLS method. The results showed that the three dimensions of entrepreneurial orientation have a significant influence on business performance. A proactive attitude allows companies to respond quickly to market changes, innovation encourages the creation of new products and services, while risk-taking allows the exploration of new opportunities. This research supports the RBV theory which states that a firm's unique resources and capabilities can create competitive advantage and improve business performance in a sustainable manner. performance in a sustainable manner.

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Journal Info

Abbrev

RMBE

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal of Review Management Business and Entrepreneurship (RMBE) aims as a forum for academics, educators, and practitioners from around the world to communicate research papers, conceptual papers, and best practices about the dynamics of entrepreneurship, entrepreneur, and ...