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Paper Details

THE RELATIONSHIP BETWEEN ENTREPRENEURSHIP AND STRATEGIC MANAGEMENT: A NEW MODEL AND TEST OF STRATEGIC ENTRENEPRENEURSHIP

Gultekin Altuntas

Journal Title:Reserach Journal of Business and Management (RJBM)
Abstract


A new conceptual model has been developed for a new paradigm of strategic entrepreneurship defined as the simultaneous combination of an entrepreneurial action associated with an opportunity-seeking behavior and a strategic action associated with a competitive advantage-seeking behavior to create value. Based on an extensive literature review of entrepreneurship and strategic management, the new model is empirically tested with a descriptive study on businesses quoted Borsa Istanbul BIST-100 Index without any sampling procedure. Questionnaires were sent to managers of those businesses to determine their perceptions of strategic entrepreneurship. Pearson and Spearman correlations reveal that opportunity identification, strategic entrepreneurship mindset, strategic entrepreneurial leadership, entrepreneurial culture, strategic resources management, strategic innovativeness, growth, average market value and organizational learning, all of which is sub- dimensions of the new strategic entrepreneurship model, are all in positive correlation with each other ranging from low to mostly strong relationships

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