Change of business environment: competitive advantage of the international market
Cambio del entorno empresarial: ventaja competitiva en el mercado internacional
Abstract
This study explores how the dimensions of entrepreneurship and entrepreneurial finance affect competitive advantages in Sumatra Utara. The study was conducted among the Handicraft Associations of Sumatera Utara. Risk-taking and competitive aggressiveness is negatively related to differentiation and cost leadership strategies. Both cost differentiation and leadership strategies are positively related to performance. This study shows results that help comprehensively understand the implementation of entrepreneurial policies on SME performance. It recommends that the SMEs in Sumatera Utara should pay proper attention to the expansion of their tourism business in other cities such as Semarang and Bandung.
References
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AGYAPONG, D (2010), “Micro, small and medium enterprises activities, income level and poverty reduction in Ghana -A synthesis of related literature”. International Journal of Business and Management, 5(12), pp. 196-205.
ALIKHANOV, A & KHUDIYEV, N (2020). “Testing of fdi and non-oil fdi inflows in azerbaijan using dunning's eclectic model”. Economic and Social Development: Book of Proceedings, 3, pp. 620-626.
BHEGAWATI, D, A, S & YULIASTUTI, I, A, N (2019). “Effect of product innovation and entrepreneurial orientation on competitive advantage in the coconut shell craft industry in karangasem regency”. Jurnal Ilmiah Manajemen dan Bisnis, 4(1), pp. 71-89.
BRETTEL, M, CHOMIK, C & FLATTEN, T, C (2015). “How Organisational culture influences innovativeness, proactiveness, and risk-taking: fostering entrepreneurial orientation in smes”. Journal of Small Business Management. 53(4), pp. 868-885.
CALIC, G & SHEVCHENKO, A (2020). “How signal intensity of behavioral orientations affects crowdfunding performance: The role of entrepreneurial orientation in crowdfunding business ventures”. Journal of Business Research, 115, pp. 204-220.
DU, L, ZHANG, Z & FENG, T (2018). “Linking green customer and supplier integration with green innovation performance: The role of internal integration”. Business Strategy and the Environment, 27(8), pp. 1583-1595.
HENDIJANI, R & SAEI, R, S (2020). “Supply chain integration and firm performance: the moderating role of demand uncertainty”. Cogent Business & Management, 7(1), pp. 176-197.
NAKKU, V, B, AGBOLA, F, W, MILES, M, P & MAHMOOD, A (2020). “The interrelationship between SME government support programs, entrepreneurial orientation, and performance: A developing economy perspective”. Journal of Small Business Management, 58(1), pp. 2-31.
OMBI, N, AMBAD, S, N, A, & BUJANG, I (2018). “The effect of business development services on small medium enterprises (SMEs) performance”. International Journal of Academic Research in Business and Social Sciences, 8(3), pp. 117-130.
PELHAM, ALFRED M, & DAVID T, WILSON (1996). “A Longitudinal Study of the Impact of Market Structure, Firm Structure, Strategy, and Market Orientation Culture on Dimensions of SmallFirm Perfomance”, Journal of the Academy of Marketing Science, 24, pp. 27-43.
PORTER, M, E (2011). “Competitive advantage of nations: creating and sustaining superior performance”. Simon And Schuster. 2(202), pp. 96-120.
REZAZADEH, A & NOBARI, N (2018). “Antecedents and consequences of cooperative entrepreneurship: A conceptual model and empirical investigation”. International Entrepreneurship and Management Journal, 14(2), pp. 479-507.
SEMRAU, T, AMBOS, T, KRAUS, S (2016). “Entrepreneurial orientation and sme performance across societal cultures: an international study”. Journal of Business Research. 69(50), pp. 1928-1932.
SOUTHISENG, N & WALSH, J (2010). “Competition and management issues of SME entrepreneurs in Laos: Evidence from empirical studies in vientiane municipality, Savannakhet and Luang Prabang”. Asian Journal of Business Management, 2(3), pp. 57-72.
SWINK, M & SONG, M (2007).”Effects of marketing manufacturing integration on new product development time and competitive advantage”. Journal of Operations Management, 25, pp. 203-217.
WIKLUND, J & DEAN, S (2005). “Entrepreneurial orientation and small business performance: a configurational approach”. Journal of Business Venturing. 20(1), pp. 71-91.
WOODCOCK, C, P, BEAMISH, P, W & MAKINO, S (1994). “Ownership-based entry mode strategies and international performance”. Journal of International Business Studies, 25(2), pp. 253-273.
YAMIN, M (2020). “Examining the role of transformational leadership and entrepreneurial orientation on employee retention with moderating role of competitive advantage”. Management Science Letters, 10(2), pp. 313-326.
ZEEBAREE, M, R & SIRON, R, B (2017).”The Impact of entrepreneurial orientation on competitive advantage moderated by financing support in smes”. International Review of Management and Marketing, 7(1), pp. 43-52.
Published
2021-06-17
How to Cite
SADALIA, I., MUHARAM, H., & MULYANA, A. (2021). Change of business environment: competitive advantage of the international market: Cambio del entorno empresarial: ventaja competitiva en el mercado internacional. Utopía Y Praxis Latinoamericana, 26, 10-17. Retrieved from https://mail.produccioncientificaluz.org/index.php/utopia/article/view/36097
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