Entrepreneurship, National Culture & Firm Growth

Abstract

This study talks about the inter-linkage of strategy and entrepreneurship and the emergence of strategic entrepreneurship concept. It explores the overlap between strategy, entrepreneurship and the nature of entrepreneurial strategy making construct (EO). The key purpose of this research is to study the EO construct, which takes into consideration both the strategic and entrepreneurial behavior of the firm and the key dimensions comprising this construct. Lumpkin and Dess’s conceptualized entrepreneurial orientation (EO) construct as comprising of five dimensions, innovativeness, risk-taking, pro-activeness, competitive aggressiveness and autonomy, which vary independently. The study proposes a model linking cultural dimensions and strategic entrepreneurship (EO) and its influence on firm growth. The study puts forward an argument that those countries which display certain cultural aspects will have a strong EO, hence contributing to firm growth.