Determinants of SMEs’ performance: amalgamation of entrepreneurial, market and brand orientations
研究通过问卷调查和模糊集定性比较分析，发现创业、市场和品牌三种战略导向的融合能提升中小企业财务绩效，为管理者提供整体视角。
Purpose Scholars and practitioners alike are paying attention to entrepreneurial orientation (EO) as an antecedent of the financial performance of SMEs. Other factors foster and improve SMEs' financial performance. This paper aims to shed the light on other two different strategic orientations that may help enhance SMEs' financial performance in addition to EO, namely; market orientation (MO) and brand orientation (BO). Design/methodology/approach The three different important strategic orientations are explored through two different studies. The first study was conducted to determine the different effects of the three orientations on SMEs' financial performance. Data were collected using a questionnaire among a convenient sample (131) of business owners/managers, and next PLS-SEM was used for data analysis. The financial performance of firms in the second study is hypothesized to be an outcome of a combination of different strategic orientations; therefore, the fsQCA method is applied to explore the causal recipes of those orientations. Findings The paper concluded that the three different strategic orientations are collectively, of paramount importance to strategic managers of SMEs. Originality/value The brand, market and EOs have been discussed discretely in previous studies and this study attempted to provide managers/owners of SMEs with a holistic view of the three different orientations and the amalgamation among them to be beneficial for better financial performance.