REGIONAL DIFFERENCES IN ASSESSING THE KEY CORPORATE ENTREPRENEURSHIP FACTORS: STUDY FROM SERBIA, CROATIA AND B&H

Eighth International Scientific Conference Contemporary Issues in Economics, Business and Management [EBM 2024], [pp. 3-11]

AUTHOR(S) / АУТОР(И): Ljiljana Kontić , Nebojsa Janićijević , Mirta Benšić  

Download Full Pdf   

DOI: 10.46793/EBM24.003K

ABSTRACT / САЖЕТАК:

The main aim of this study was to investigate similarities and differences in the key corporate entrepreneurship factors in selected regions from Serbia, Croatia and Bosnia and Herzegovina. The key corporate entrepreneurship factors were Management Support, Work discretion, Rewards, Time availability, and Organizational Boundaries. Methodological tool has been Corporate Entrepreneurship Assessment Instrument (CEAI). The written permission to use the CEAI questionnaire was provided by the authors. Mainly, CEAI model has been used in developed economies i.e. United States of America and Canada. This was the first used of CEAI in the regional context in emerging economies. Previous researches has been conducted in Serbia. This study filled the gap between developed and emerging economies in the context of the corporate entrepreneurship. The respondents were 240 managers from the region. In the selection process of companies main criteria have been economic and financial standing, and regional importance. The correspondent analysis has been used. The findings revealed similar assessment of Management support and Work discretion by managers in Croatia and Bosnia and Herzegovina. The Time availability factor has been different assessed by managers from region. Managers from Bosnia and Herzegovina were differed from the rest of the region in assessment Organizational Boundaries. The higher rating of Organizational boundaries had observed managers from Croatia.

KEYWORDS / КЉУЧНЕ РЕЧИ:

Corporate entrepreneurship, Management, CEAI model, Organizational culture,
Correspondence analysis

REFERENCES / ЛИТЕРАТУРА:

  • Agapie, A., Paiusan, R., Vizitiu, C., Nastase, M., & Hadad, S. (2018). Adapting a corporate entrepreneurship assessment instrument for Romania. South African Journal of Business Management, 49(1), 1-7.
  • Bhardwaj, B. R., Sushil, & Momaya, K. (2011). Drivers and enablers of corporate entrepreneurship: Case of a software giant from India. Journal of Management Development, 30(2), 187-205.
  • Covin, J. G., & Slevin, D. P. (1989). Strategic management of small firms in hostile and benign environments. Strategic management journal, 10(1), 75-87.
  • Covin, J. G., & Slevin, D. P. (1990). New venture strategic posture, structure, and performance: An industry life cycle analysis. Journal of business venturing, 5(2), 123-135.
  • Covin, J. G., & Miles, M. P. (1999). Entrepreneurship and the Pursuit of Competitive Advantage. Entrepreneurship Theory and Practice, 23(3), 4763.
  • Croatian Bureau of Statistics (2023). Annual financial report for 2022. Zagreb: Croatian Bureau of Statistics.
  • De Araújo Castro, A., de Oliveira Guimarães, L., & Siffert, P. V. (2020). Designing and testing an assessment model of the antecedents of corporate entrepreneurship in public and private companies. Revista de Empreendedorismo e Inovação Sustentáveis, 5(3), 3-20.
  • Dean, C. C. (1993). Corporate entrepreneurship: Strategic and structural correlates and impact on the global presence of United States firms. University of North Texas.
  • Dess, G. G., Ireland, R. D., Zahra, S. A., Floyd, S. W., Janney, J. J., & Lane, P. J. (2003). Emerging issues in corporate entrepreneurship. Journal of management, 29(3), 351- 378.
  • Goodale, J. C., Kuratko, D. F., Hornsby, J. S., & Covin, J. G. (2011). Operations management and corporate entrepreneurship: The moderating effect of operations control on the antecedents of corporate entrepreneurial activity in relation to innovation performance. Journal of operations management, 29(12), 116-127.
  • Greenacre, M. (2017). Correspondence analysis in practice. Third edition. New York: Chapman and Hall/CRC.
  • Hisrich, R. D. (2006). Entrepreneurship research and education in the world: Past, present and future. Jahrbuch Entrepreneurship 2005/06: Gründungsforschung und Gründungsmanagement, 3-14.
  • Hitt, M. A., Ireland, R. D., Camp, S. M., & Sexton, D. L. (2001). Strategic entrepreneurship: Entrepreneurial  strategies for wealth  creation.  Strategic  management  journal, 22 -491.
  • Hollanders, H. & Es-Sadki, N. (2023). Regional Innovation Scoreboard 2023. 11th edition.
  • Holt, D. T., Rutherford, M. W., & Clohessy, G. R. (2007). Corporate entrepreneurship: An empirical look at individual characteristics, context, and process. Journal of Leadership & Organizational Studies, 13(4), 40-54.
  • Hornsby, J. S., Kuratko, D. F., & Montagno, R. V. (1999). Perception of internal factors for corporate entrepreneurship: A comparison of Canadian and US managers. Entrepreneurship Theory and Practice, 24(2), 9-24.
  • Hornsby, J. S., Kuratko, D. F., & Zahra, S. A. (2002). Middle managers’ perception of the internal environment for corporate entrepreneurship: assessing a measurement scale. Journal of business Venturing, 17(3), 253-273.
  • Hornsby, J. S., Kuratko, D. F., Shepherd, D. A., & Bott, J. P. (2009). Managers’ corporate entrepreneurial actions: Examining perception and position. Journal of business venturing, 24(3), 236-247.
  • Ireland, R. D., Covin, J. G., & Kuratko, D. F. (2009). Conceptualizing corporate entrepreneurship strategy. Entrepreneurship theory and practice, 33(1), 19-46.
  • Janićijević, N., & Kontić, L. (2023). Corporate entrepreneurship in a collectivist culture: the role of time availability. International Journal of Emerging Markets, ahead-of-print. https://doi.org/10.1108/IJOEM-08-2022-1304
  • Kolakovic, M., Sisek, B., & Milovanovic, B. M. (2008). Influence of corporate entrepreneurship on the performance of Croatian large companies. Global Business & Economics Anthology, Selected papers of 2008 Business & Economics Society International Conference.
  • Kontić, Lj. (2012). Investigating corporate entrepreneurship in serbian context.
    CONTEMPORARY ISSUES IN ECONOMICS, BUSINESS AND MANAGEMENT EBM 2012, 121.
  • Kontic, Lj., & Vidicki, D. (2016). Corporate entrepreneurship in Serbian public sector. Entrepreneurship: Types, current trends and future perspectives, 14.
  • Kontić, Lj., Vidicki, D., & Domanović, V. (2017, October). Testing corporate
    entrepreneurship assessment instrument in transition environment. In DIEM: Dubrovnik International Economic Meeting (Vol. 3, No. 1, pp. 67-78). Sveučilište u Dubrovniku.
  • Kuratko, D. F., Hornsby, J. S., & Covin, J. G. (2014). Diagnosing a firm’s internal environment for corporate entrepreneurship. Business Horizons, 57(1), 37-47.
  • Macura, R. & Tanjga, R. (2013). Characteristics of the entrepreneurial environment of the Banja luka region. Anali poslovne ekonomije, 5(2), 15–32.
  • Miller, D. (2011). Miller (1983) revisited: A reflection on EO research and some suggestions for the future. Entrepreneurship theory and practice, 35(5), 873-894.
  • Morris, M. H., & Paul, G. W. (1987). The relationship between entrepreneurship and marketing in established firms. Journal of business venturing, 2(3), 247-259.
  • Rutherford, M. W., & Holt, D. T. (2007). Corporate entrepreneurship: An empirical look at the innovativeness dimension and its antecedents. Journal of organizational change Management, 20(3), 429-446.
  • Sharma, P., & Chrisman, J. J. (1999). Toward a reconciliation of the definitional issues in the field of corporate entrepreneurship. Entrepreneurship theory and practice, 23(3), 11-28.
  • Singer, S., Alpeza, M., & Oberman Peterka, S. (2009). Corporate Entrepreneurship–a Way How Big Companies Can Deal with Challenges of Global Economic Crisis. Challenges of Europe–Financial Crisis and Climate Change, Split–Bol, May, 21-23.
  • Smajlović, S., Muratović, A., & Umihanić, B. (2024). Influence of corporate entrepreneurship on business model innovation of companies in Bosnia and Herzegovina after the COVID-19 pandemic. Management: Journal of Contemporary Management Issues, 29(1), 31-45.
  • Statistical Office of the Republic of Serbia (2023). Annual financial report for 2022. Belgrade: Statistical Office of the Republic of Serbia.
  • Sučić Funko, I. (2023). Corporate entrepreneurship in state owned enterprises, private companies and companies in mixed ownership in the Republic of Croatia (Doctoral dissertation, University of Zagreb. Faculty of Economics and Business. Department of Organization and Management).
  • Vela, E. G., Mercader, V., Qalati, S. A., & Ravina-Ripoll, R. (2023). How does the work climate influence intrapreneurship? Evidence from Mexico. Middle East Journal of Management, 10(3), 277-296.
  • Umihanic, B., & Delic, A. (2013). Organizational assumptions for development of intrapreneurship in companies across Bosnia and Herzegovina. In DIEM: Dubrovnik International Economic Meeting, 1 (1), 0-0 . Sveučilište u Dubrovniku.
  • Yukl, G. (2008). How leaders influence organizational effectiveness. The leadership quarterly, 19(6), 708-722.
  • Zahra, S. A. (1993). Environment, corporate entrepreneurship, and financial performance: A taxonomic approach. Journal of business venturing, 8(4), 319-340.
  • Zahra, S. A. (1995). Corporate entrepreneurship and financial performance: The case of management leveraged buyouts. Journal of business venturing, 10(3), 225-247.
  • Zahra, S. A., Nielsen, A. P., & Bogner, W. C. (1999). Corporate entrepreneurship, knowledge, and competence development. Entrepreneurship theory and practice, 23(3), 169-189.