ABSTRACT This study examines the effect of two strategic orientations, market orientation and entrepreneurial orientation, on financial performance in new product development. Drawing upon a sample of 137 micro, small, and medium-sized firms, multiple regression was used for testing four hypotheses. The results show that a market orientation and risk taking were positively related to financial performance in new product development, while innovativeness and risk taking show no such relationship. Keywords: market orientation, entrepreneurial orientation, and new product
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