Entrepreneurial Orientation and Innovation: A Cross-Industry Perspective

Abstract

Entrepreneurial orientation (EO) and innovation are pivotal for organizations striving to thrive in today's dynamic business environment. This scholarly article aims to explore the relationship between entrepreneurial orientation and innovation across various industries. By examining the literature and empirical evidence, this study provides insights into how different dimensions of entrepreneurial orientation influence innovation outcomes across diverse sectors.The article begins by defining entrepreneurial orientation and innovation, elucidating their significance in organizational success and competitiveness. It then delves into the theoretical frameworks underpinning the relationship between EO and innovation, including the resource-based view, dynamic capabilities theory, and organizational learning perspectives. Subsequently, it reviews empirical studies that have investigated the relationship between EO and innovation within specific industries, highlighting the varying impacts of EO dimensions such as risk-taking, proactiveness, autonomy, competitive aggressiveness, and innovativeness.