The impact of entrepreneurial Orientation and firm performance: Mediating role of open innovation, Study of furniture manufacturing companies in Malaysia
Entrepreneurship and innovation are topics of great interest for the scientific community, firms and for all major governments worldwide. Malaysian furniture industry play an important role in economic development and income growth. However, increasing business competition has placed Malaysian fu...
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| Format: | Thesis |
| Language: | English English English |
| Published: |
2022
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/8417/1/24p%20FAZAL%20AKBAR.pdf http://eprints.uthm.edu.my/8417/2/FAZAL%20AKBAR%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/8417/3/FAZAL%20AKBAR%20WATERMARK.pdf |
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| Summary: | Entrepreneurship and innovation are topics of great interest for the scientific
community, firms and for all major governments worldwide. Malaysian furniture
industry play an important role in economic development and income growth.
However, increasing business competition has placed Malaysian furniture companies
in a vulnerable position especially by cheap furniture producing countries like
Vietnam and China. Undoubtedly, their success in responding to the challenges of
their business environment depends, in great part, on their strategy for engaging in
entrepreneurial behaviours and openness to innovation. The aim of the study was to
empirically examine entrepreneurial orientation and open innovation dimensions that
can be used by owner/managers/entrepreneurs whenever deciding whether or not to
introduce innovation into the Malaysian manufacturing sector. The research used
mixed-method research design in a QUAN-qual context to administer survey
questionnaires and interviews of furniture manufacturer’s managers and owner’s in
Johor state respectively. In the quantitative strand, a purposive sampling strategy was
used to administer questionnaires to a total of 150 furniture firms’ owner/managers in
Johor state. A total of 82 questionnaires were finally used in the analysis. The low
response rate was due to the Covid-19 pandemic, however according to GPower
sampling measures these response were adequate. Using a purposive case sampling
strategy, a total of 5 furniture firm’s managers/owners were purposefully selected
from three different locations in Johor Malaysia to participate in the interview. The
quantitative data was analysed using Statistical Package for Social Science (SPSS)
and Partial Least Squares Structural Equation Modelling Software, SmartPLS 3.2.6.
The qualitative data was coded, categorised and then later analysed through Thematic
Network Analysis. The research findings strengthens understanding of the EO and IO
concept and their relations to firm performance within a context to those reported in
prior studies. The R-square value for firm performance reached 0.409, for inbound
innovation 0.308, and for outbound innovation were 0.268, accordingly. Even then,
the overall R-square value for firm performance is 0.409, implying that the study's
independent variables can demonstrate 40.9 percent of the variance in firm
performance. Independent entrepreneurial orientation constructs can describe 30.8
percent of inbound innovation variance and 26.8 percent of outbound innovation
heterogeneity. The study’s empirical findings provide the basis for recommendations
for furniture industry in enhancing their EO and IO for policy-makers to design
entrepreneurship and innovation support programs and initiatives for the industry. |
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