Firm Level Entrepreneurship and Firm Performance: Exploring Relationships with Special Reference to the Hotel Sector
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Date
2014
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Uva Wellassa University of Sri Lanka
Abstract
Basic focus of this research study goes to how firm level entrepreneurship relates to firm performance. Firm level entrepreneurship is the extent to which a firm is engaged in entrepreneurial process and firm performance means the improvements of the firms mainly in financial as well as in non-financial terms. Firm level entrepreneurship consists with Corporate Entrepreneurship and Entrepreneurial Orientation. This study sought to analyze firm level entrepreneurship with firm performance in Hotel Industry in Colombo District.
In this study it is empirically evaluated five Corporate Entrepreneurship dimensions (Management Support, Work Discretion, Rewards, Time Availability and Organizational Boundaries) and five Entrepreneurial Orientation dimensions (Risk Taking, Autonomy, Innovativeness, Pro-activeness and Competitive Aggressiveness) and their impact on firm performance in hotels. The sample consisted of forty hotels in Colombo District, one manager from each hotel. Primary data were gathered through a questionnaire designed by the investigator.
The research findings revealed that firm level entrepreneurship is strong positively associated to firm performance and corporate entrepreneurship is the key driver which influence on firm performance in hotel industry in Colombo District.
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Entrepreneurship And Management Degree Programme