Entrepreneurial orientation and its impact on the improvement of technological capability in Colombia

Yonni Angel Cuero Acosta, Noor Un Nabi and Utz Dornberger

International Journal of Entrepreneurship and Small Business, 2014, vol. 21, issue 2, 231-245

Abstract: Policies that focus on micro, small and medium-sized enterprises (MSMEs) are not always effective to promote firms; moreover, these policies paid not much attention especially to the needs of micro and small firms. Entrepreneurs of these firms have to deal with the market's pressure for technological change without any governmental support. In this sense, entrepreneurs have to use their own vision to foster the technological development of the firms. MSMEs have to increase their abilities to manage and generate technology through the improvement of technological capability (TC). This paper focuses on the interplay between entrepreneurial orientation (EO) and TC, with particular reference to MSMEs in Colombia. The results show how EO acts as support for MSMEs as it contributes significantly to the improvement of TC.

Keywords: SME policies; entrepreneurial orientation; technological capability; Colombia; entrepreneurship; micro enterprises; small and medium-sized enterprises; SMEs; MSMEs; technological change. (search for similar items in EconPapers)
Date: 2014
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