The Viable System Model and Entrepreneurial Orientation in the Institutionalization Process of Micro-enterprises
The purpose of this study is to identify various key factors and dimensions related to Entrepreneurial Orientation (EO) capable of guiding micro-enterprises towards institutionalization using the Viable System Model (VSM). After being documented, the factors are organized into an applicable framework. As the largest form of business entity in the United States, micro-enterprises must prioritize being aware of the accessible solutions through adequate strategy modifications. Traditional EO dimensions were identified as innovativeness, risk-taking and proactiveness, then further analyzed producing a matrix of the top-performing characteristics in EO theory to put into practice. Some of the results show a pattern of factors typically neglected due to the opportunity cost linked to the entrepreneur physically working in the firm, as opposed working on the firm’s development. If given the opportunity to rightfully evolve such capabilities, micro-enterprises can assume a more competitive role in the market, thus becoming a serious collective threat to SMEs and larger organizations. Some research limitations include the amount of relevant knowledge based on the sample size of EO publications relating to micro-enterprisers. Due to a vast majority of publications focusing on SMEs and large corporations, EO factors are neglected in the microenterprise spectrum
Year of publication: |
2023
|
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Authors: | Suarez Ambriz, Denny ; Sanchez Garcia, Jacqueline Yvette |
Publisher: |
[S.l.] : SSRN |
Subject: | Entrepreneurship | Entrepreneurship approach | KMU | SME | Unternehmensgründung | Business start-up |
Saved in:
freely available
Extent: | 1 Online-Ressource (36 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 10, 2023 erstellt |
Other identifiers: | 10.2139/ssrn.4321816 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014263511
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