Entrepreneurship: Its relationship with market orientation and learning orientation and as antecedents to innovation and customer value |
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Authors: | Hanny N. Nasution [Author Vitae] Felix T. Mavondo [Author Vitae] |
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Affiliation: | a Department of Marketing, Monash University, Clayton Campus, Australiab Department of Marketing, Monash University, Peninsula Campus, Australiac Nottingham University Business School, The University of Nottingham Malaysia Campus, Jalan Broga 43500 Semenyih, Selangor, Malaysia |
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Abstract: | This paper seeks to address two main problems. First, it evaluates the direct effect of entrepreneurship and business orientations namely, learning orientation, integrated market orientation and human resource practices on innovation and customer value. Second, it examines the interaction effect of entrepreneurship and business orientations on innovation and customer value. Data were collected from small and medium-size hotels in Indonesia and analysed using the structural equation model. The results show that entrepreneurship and human resource management were shown to be the most significant drivers of innovation and customer value. The results further suggest that interaction of entrepreneurship and integrated market orientation as well as human resource practices has significant impact on customer value and innovation respectively. Theoretical and practical implications of the study are discussed. |
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Keywords: | Entrepreneurship Business orientation Innovation Customer value |
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