Antecedents to Innovation and Growth: Analyzing the Impact of Entrepreneurial Orientation and Management by Objectives

International Journal of Technology Management, Vol. 52, No. 1/2, 2010

Posted: 22 Mar 2010 Last revised: 5 May 2013

See all articles by Rainer Harms

Rainer Harms

University of Twente

Carl Henning Reschke

Institute for Management Research Cologne

Sascha Kraus

Hochschule Liechtenstein

Matthias Fink

Vienna University of Economics and Business; Anglia Ruskin University

Date Written: March 15, 2010

Abstract

For technology-oriented SME, innovation and growth are important aspects of firm performance. A strategic orientation that emphasizes entrepreneurial behavior (entrepreneurial orientation, EO) may be an effective way to obtain these goals. However, there is little information on the internal organizational processes that link EO to innovation and growth. In this study, the performance implications of Goal-oriented management techniques (GoM) such as Management by Objectives (MbO) on innovation and growth in the context of EO are analyzed on a sample of 165 fast growth technology-based ventures from Germany. The results show that EO has a positive impact on innovation and growth, with innovation being a partial mediator. In addition to that, EO seems to be negatively related to the degree to which GoM is used, while MbO itself has a negative relationship with innovation.

Keywords: Management by Objectives, Innovation, Entrepreneurial Orientation, Entrepreneurship, Goal-Oriented Management, Growth, Innovation, SME

Suggested Citation

Harms, Rainer and Reschke, Carl Henning and Kraus, Sascha and Fink, Matthias, Antecedents to Innovation and Growth: Analyzing the Impact of Entrepreneurial Orientation and Management by Objectives (March 15, 2010). International Journal of Technology Management, Vol. 52, No. 1/2, 2010, Available at SSRN: https://ssrn.com/abstract=1571639

Rainer Harms

University of Twente ( email )

Postbus 217
Twente
Netherlands

Carl Henning Reschke (Contact Author)

Institute for Management Research Cologne ( email )

Mainzer Str. 80
Cologne, 50678
Germany

HOME PAGE: http://www.imfk.de

Sascha Kraus

Hochschule Liechtenstein ( email )

F├╝rst Franz Josef Strasse
Vaduz, 9490
Liechtenstein

Matthias Fink

Vienna University of Economics and Business

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Anglia Ruskin University ( email )

East Road
Cambridge CB1 1PT
United Kingdom

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