Recent studies have suggested that entrepreneurial orientation (EO) – a set of organizational characteristics that reflect a firm’s entrepreneurial mindset and behaviour – can play a critical role in enhancing organizational resilience. Entrepreneurial orientation is a key concept when executives are crafting strategies in the hopes of doing something new and exploiting opportunities that other organizations cannot exploit. EO refers to the processes, practices, and decision-making styles of organizations that act entrepreneurially. It refers to an organisation’s propensity to pursue opportunities, innovate, and take risks. Research has shown that entrepreneurial orientation can play a critical role in enhancing organizational resilience. A study by Covin and Slevin (1989) found that entrepreneurial orientation can improve an organization’s ability to respond to unexpected events by encouraging innovation and risk-taking. Similarly, a study by Miller (1983) found that entrepreneurial orientation can enhance organizational resilience by providing organizations with the flexibility to adapt to changing circumstances. However, the mechanisms through which EO contributes to organizational resilience remain underexplored.
Author(s) Details:
Lydia Asare-Kyire,
Department of Entrepreneurship and Finance, Kumasi Technical University, Ghana.
Owusu Ackah,
Department of Management and Public Administration, Accra Technical University, Ghana.
Charles Akomea Bonsu,
Department of Entrepreneurship and Finance, Kumasi Technical University, Ghana.
William Ansah Appienti,
Department of Entrepreneurship and Finance, Kumasi Technical University, Ghana.
