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The Relationship Between Entrepreneurial Competencies and Firm Performance in SME’s: A Literature Review Shedding Light on The Field

Year 2023, Volume: 7 Issue: 12, 29 - 55, 24.08.2023
https://doi.org/10.55775/ijemi.1199906

Abstract

This study presents a literature review regarding the relationship between entrepreneurial competence and firm performance using Web of Science and Scopus databases. It is anticipated that the study will provide benefits to academics and business professionals. Academically, an overview of the relationship between the concepts is provided and a roadmap is created for future studies. For business professionals, inferences are made in order to develop entrepreneurial competencies and increase the performance of firm. In the study, 40 studies examining the relationship between entrepreneurial competence and firm performance in SMEs through Web of Science and Scopus databases are discussed through literature review. Within the scope of the study, articles written in the field of business and management are evaluated. As keywords in search; “entrepreneurial competence”, “entrepreneurial competencies”, “performance”, “firm performance”, “business success” are used. ESCI, SSCI, SCI-Expanded and BKCI-SSH indices are included in the scan and the results are evaluated.

References

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  • Ahmad, N., Ramayah, T., Wilson, C., & Kummerow, L. (2010). Is entrepreneurial competency and business success relationship contingent upon business environment? A study of Malaysian SMEs. International Journal of Entrepreneurial Behavior & Research, 16(3), 182-203. doi:DOI 10.1108/13552551011042780
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  • Boyatzis, R. E. (1983). The Competent Manager: A Model For Effective Performance. Strategic Management Journal, 4(4), 385-387. Boyatzis, R. E. (2008). Competencies in the 21st century. Journal of Management Development, 27(1), 5-12. doi:DOI 10.1108/02621710810840730
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  • Dawa, S., Namatovu, R., Mulira, F., Kyejjusa, S., Arinaitwe, M., & Arinaitwe, A. (2021). Entrepreneurial competences and growth of female-owned enterprises: the mediation role of absorptive capacity. In ternational Journal of Gender and Entrepreneurship, 13(1), 30-49. doi:DOI 10.1108/IJGE-02-2020-0028 Demirci, A. (2014). Literatür Taraması. In E. Y. Arı, & İ. Kaya, Araştırma Yöntemleri. Coğrafyacılar Derneği. Retrieved 05 18, 2022, from file:///C:/Users/nyuceol/Downloads/3_Literaturtaramasi.pdf
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  • Gümüsay, A. A., & Bohné, T. M. (2018). Individual and organizational inhibitors to the development of entrepreneurial competencies in universities. Research Policy, 47(2), 363-378. doi:https://doi.org/10.1016/j.respol.2017.11.008
  • Hallam, C. D. (2018). Culture and social capital network effects on the survival and performance of high-tech micro and small firms. Journal of Small Business and Enterprise Development, 25(1), 81-106. doi:https://doi.org
  • Hwang, W.-S., Choi, H., & Shin, J. (2020). A mediating role of innovation capability between entrepreneurial competencies and competitive advantage. Technology Analysis & Strategic Management, 32(1), 1-14. doi:https://doi.org/10.1080/09537325.2019.1632430
  • Ibidunni, A. S., Ogundan, O. M., & Okonkwo, A. (2021). Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment. Journal of African Business, 22(4), 468-490. doi:https://doi.org/10.1080/15228916.2021.1874784
  • Ibidunni, A. S., Ogundana, O. M., & Okonkwo, A. (2021). Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment. Journal of African Business, 22(4), 468–490. doi:doi.org/10.1080/15228916.2021.1874784
  • Idris, M. M., & Abu Bakar, S. b. (2020). Perceived Usefulness of Business Coaching on the Relationship between Entrepreneurial Competencies and Business Success. The Journal of Asian Finance, Economics and Business, 7(10), 329-338.
  • Kadam, R., Rao, S., Abdul, W. K., & Jabeen, S. S. (2019). Impact of cultural intelligence on SME performance: The mediating effect of entrepreneurial orientation. Journal of Organizational Effectiveness: People and Performance, 6(3), 161-185. doi:DOI 10.1108/JOEPP-12-2018-0101
  • Khalid, S., & Bhatti, K. (2015). Entrepreneurial competence in managing partnerships and partnership knowledge exchange: Impact on performance differences in export expansion stages. Journal of World Business, 50(3), 598-608. doi:http://dx.doi.org/10.1016/j.jwb.2015.01.002
  • Khan, M. A., Zubair, S. S., Rathore, K., Ijaz, M., Khalil, S., Khalil, M., & Rahimi, I. (2021). Impact of Entrepreneurial Orientation Dimensions on Performance of Small Enterprises: Do Entrepreneurial Competencies Matter? Cogent Business & Management, 8(1). doi:https://doi.org/10.1080/23311975.2021.1943241
  • Kiwala, Y., Oliver, J., & Kintu, I. (2021). Entrepreneurial competence and supply chain value creation in local procurement. Development Southern Africa, 38(3), 423-436. doi:https://doi.org/10.1080/0376835X.2020.1855117
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KOBİ’lerde Girişimcilik Yetkinliği ve Firma Performansı İlişkisi: Alana Işık Tutan Bir Literatür İncelemesi

Year 2023, Volume: 7 Issue: 12, 29 - 55, 24.08.2023
https://doi.org/10.55775/ijemi.1199906

Abstract

Bu çalışmada Web of Science ve Scopus veri tabanları üzerinden girişimcilik yetkinliği ve firma performansı ilişkisi üzerine yapılmış olan akademik çalışmalar literatür incelemesi yöntemi ile ele alınmıştır. Çalışmanın akademik ve iş hayatı açısından fayda sağlayacağı öngörülmektedir. Akademik olarak kavramlar arasındaki ilişkiye genel bir bakış sağlanmış ve ileride yapılacak çalışmalara yol haritası oluşturulmuş, çalışma hayatı için ise girişimcilik yetkinliklerinin geliştirilmesi ve firma performansının artırılabilmesi adına çıkarımlarda bulunulmuştur. Çalışma kapsamında Web of Science ve Scopus veri tabanları üzerinden ESCI, SSCI, SCI-Expanded ve BKCI-SSH indekslerinde yer alan işletme ve yönetim alanında kaleme alınmış KOBİ’lerde girişimcilik yetkinliği ve firma performansı ilişkisinin incelendiği 40 çalışma, literatür incelemesi yoluyla değerlendirilmiştir. Aramada anahtar kelimeler olarak; “girişimci yetkinlik”, “girişimcilik yetkinliği”, “girişimcilik yetkinlikleri”, “performans”, “firma performansı”, “işletme başarısı” ve “iş başarısı” kelimeleri kullanılmıştır.

References

  • Abdullah Al Mamun, S. A. (2019). Effect of entrepreneurial orientation on competency and micro-enterprise performance. Asia Pacific Journal of Innovation and Entrepreneurship, 12(3), 379-398. doi:DOI 10.1108/APJIE-05-2018-0033
  • Ahmad, N., Ramayah, T., Wilson, C., & Kummerow, L. (2010). Is entrepreneurial competency and business success relationship contingent upon business environment? A study of Malaysian SMEs. International Journal of Entrepreneurial Behavior & Research, 16(3), 182-203. doi:DOI 10.1108/13552551011042780
  • Ahmad, S. Z., Rani, N. S., & Kassim, S. K. (2010). Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia. International Journal of Business Competition and Growth, 1(2), 177-197.
  • Alvarez, S. A., & Busenitz, L. W. (2001). The entrepreneurship of resource-based theory. Journal of Management, 27, 755–775. doi:DOI: 10.1177/014920630102700609
  • Bacigalupo, M., Kampylis, P., Punie, Y., & Brande, G. V. (2016). EntreComp: The Entrepreneurship Competence Framework. Seville, Spain. Retrieved 07 21, 2022, from https://core.ac.uk/download/pdf/38632642.pdf
  • Bird, B. (1995). Towards a theory of entrepreneurial competency. Advances in Entrepreneurship, Firm Emergence and Growth(21), 51‐72.
  • Boyatzis, R. E. (1983). The Competent Manager: A Model For Effective Performance. Strategic Management Journal, 4(4), 385-387. Boyatzis, R. E. (2008). Competencies in the 21st century. Journal of Management Development, 27(1), 5-12. doi:DOI 10.1108/02621710810840730
  • Churchill, N. C., & Lewis, V. L. (1983). The Five Stages of Small Business Growth. Harvard Business Review, 61(3), 1-12. Covin, J. G., & Miles, M. P. (1999). Corporate Entrepreneurship and the Pursuit of Competitive Advantage. Entrepreneurship Theory and Practice, 1(1). doi:https://doi.org/10.1177/1042258799023003047
  • Dar, M. S., Ahmed, S., & Raziq, A. (2017). Small and medium-size enterprises in Pakistan: Definition and critical issues. Pakistan Business Review, 19(1), 46–70. doi:https://doi.org/10.22555/pbr.v19i1.1245
  • Dawa, S., Namatovu, R., Mulira, F., Kyejjusa, S., Arinaitwe, M., & Arinaitwe, A. (2021). Entrepreneurial competences and growth of female-owned enterprises: the mediation role of absorptive capacity. In ternational Journal of Gender and Entrepreneurship, 13(1), 30-49. doi:DOI 10.1108/IJGE-02-2020-0028 Demirci, A. (2014). Literatür Taraması. In E. Y. Arı, & İ. Kaya, Araştırma Yöntemleri. Coğrafyacılar Derneği. Retrieved 05 18, 2022, from file:///C:/Users/nyuceol/Downloads/3_Literaturtaramasi.pdf
  • Doğan, H. (2004). Yetenek Tabanlı Stratejilerin Yükselişi: Kavramsal Bir Analiz Çalışması. Gazi University Journal of Faculty of Economics and Administrative Sciences, 6(3), 133 - 151.
  • Feurer, R., & Chaharbaghi, K. (1994). Defining competitiveness: a holistic approach. Management decision, 32(2), 49-58. doi: https://doi.org/10.1108/00251749410054819
  • Gerli, F., Gubitta, P., & Tognazzo, A. (2011). Entrepreneurial competencies and firm performance: an empirical study. In P. p. Management (Ed.), Paper presented at VIII International Workshop on Human Resource Management, (pp. 1-40). Retrieved 08 05, 2022, from https://www.researchgate.net/profile/Paolo- Gubitta/publication/228314296_Entrepreneurial_Competencies_and_Firm_Performance_An_Empirical_Study/links/00463526e019fdfeb9000000/Entrepreneurial-Competencies-and-Firm-Performance-An-Empirical-Study.pdf
  • Grimmer, L., Miles, M. P., Byrom, J., & Grimmer, M. (2017). The impact of resources and strategic orientation on small retail firm performance. Journal of Small Business Management, 55(s1), 7-26. doi: https://doi.org/10.1111/jsbm.12368
  • Gümüsay, A. A., & Bohné, T. M. (2018). Individual and organizational inhibitors to the development of entrepreneurial competencies in universities. Research Policy, 47(2), 363-378. doi:https://doi.org/10.1016/j.respol.2017.11.008
  • Hallam, C. D. (2018). Culture and social capital network effects on the survival and performance of high-tech micro and small firms. Journal of Small Business and Enterprise Development, 25(1), 81-106. doi:https://doi.org
  • Hwang, W.-S., Choi, H., & Shin, J. (2020). A mediating role of innovation capability between entrepreneurial competencies and competitive advantage. Technology Analysis & Strategic Management, 32(1), 1-14. doi:https://doi.org/10.1080/09537325.2019.1632430
  • Ibidunni, A. S., Ogundan, O. M., & Okonkwo, A. (2021). Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment. Journal of African Business, 22(4), 468-490. doi:https://doi.org/10.1080/15228916.2021.1874784
  • Ibidunni, A. S., Ogundana, O. M., & Okonkwo, A. (2021). Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment. Journal of African Business, 22(4), 468–490. doi:doi.org/10.1080/15228916.2021.1874784
  • Idris, M. M., & Abu Bakar, S. b. (2020). Perceived Usefulness of Business Coaching on the Relationship between Entrepreneurial Competencies and Business Success. The Journal of Asian Finance, Economics and Business, 7(10), 329-338.
  • Kadam, R., Rao, S., Abdul, W. K., & Jabeen, S. S. (2019). Impact of cultural intelligence on SME performance: The mediating effect of entrepreneurial orientation. Journal of Organizational Effectiveness: People and Performance, 6(3), 161-185. doi:DOI 10.1108/JOEPP-12-2018-0101
  • Khalid, S., & Bhatti, K. (2015). Entrepreneurial competence in managing partnerships and partnership knowledge exchange: Impact on performance differences in export expansion stages. Journal of World Business, 50(3), 598-608. doi:http://dx.doi.org/10.1016/j.jwb.2015.01.002
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There are 69 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Articles
Authors

Nazlı Yüceol 0000-0001-8416-5707

Esin Can 0000-0003-1754-4867

Early Pub Date August 22, 2023
Publication Date August 24, 2023
Submission Date November 6, 2022
Acceptance Date March 14, 2023
Published in Issue Year 2023 Volume: 7 Issue: 12

Cite

APA Yüceol, N., & Can, E. (2023). The Relationship Between Entrepreneurial Competencies and Firm Performance in SME’s: A Literature Review Shedding Light on The Field. International Journal of Entrepreneurship and Management Inquiries, 7(12), 29-55. https://doi.org/10.55775/ijemi.1199906

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