Citation: Hanaysha, J.R.; Al-Shaikh,
M.E. An Examination of
Entrepreneurial Marketing
Dimensions and Firm Performance in
Small and Medium Enterprises.
Sustainability 2022, 14, 11444.
https://doi.org/10.3390/
su141811444
Academic Editor: Mário José Baptista
Franco
Received: 8 May 2022
Accepted: 25 May 2022
Published: 13 September 2022
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sustainability
Article
An Examination of Entrepreneurial Marketing Dimensions and
Firm Performance in Small and Medium Enterprises
Jalal Rajeh Hanaysha
1,
* and Mohammed Emad Al-Shaikh
2
1
School of Business, Skyline University College, Sharjah 1797, United Arab Emirates
2
College of Business Administration, Imam Abdulrahman bin Faisal University,
Dammam 34212, Saudi Arabia
* Correspondence: jalal.hanayshi@yahoo.com
Abstract: The purpose of this study was to test the impact of entrepreneurial marketing dimen-
sions on firm performance in small and medium enterprises. Required data was gathered using the
quantitative research approach. Particularly, the primary data was obtained through a structured
survey from 153 SMEs operating in Saudi Arabia. The obtained data was then analyzed through
SPSS and partial least square (PLS-SEM) approach to calculate the validity and reliability for the
measurement items, and also to verify the impact of entrepreneurial marketing dimensions on firm
performance. The results showed that customer intensity and value creation have positive effects
on firm performance. The findings also confirmed that innovativeness and resource leveraging are
positively correlated with firm performance. However, the effect of risk taking on firm performance
was found insignificant. Finally, it was found that proactiveness and opportunity focus have sig-
nificant positive effects on firm performance. This paper contributes to resource-advantage theory
and empirical literature by addressing existing research gaps between the selected dimensions of
entrepreneurial marketing and firm performance. It also contributes to the theory by bringing new
insights from a Middle Eastern country owing to the lack of research on this topic, particularly in
this region.
Keywords: entrepreneurial marketing; entrepreneurial orientation; market orientation; firm
performance
1. Introduction
As the current business environment is characterized by rapidly growing competition,
entrepreneurial marketing has appeared as a novel concept that is attracting the attention
of marketers and decision makers in several organizations. Entrepreneurial marketing has
been regarded as an effective strategy that incorporates important features of entrepreneur-
ship and marketing into a unique concept through which firms act entrepreneurially by
using marketing processes [1,2]. The concept of entrepreneurial marketing emphasizes on
new innovations and ideas’ creation based on the ability to understand market needs in an
intuitive way [3–5]. Organizations that are proactively involved in providing innovative
offerings and solutions for their customers are likely to obtain noteworthy competitive
advantages [6,7]. According to Yang and Gabrielsson [8], firms that excel in entrepreneurial
marketing tend to design their marketing programs in a completely distinctive way by
emphasizing on finding new market segments instead of responding to the behavior of cur-
rent segments. Hence, entrepreneurially oriented firms strive for continuous innovation, in
an attempt to meet the needs of potential customers, fund new ideas, and arouse creativity
among their employees [9]. Such organizations tend to be risk takers and are motivated by
increased returns.
The entrepreneurial marketing concept is normally allied with modern marketing prac-
tices in small businesses that have fewer resources, and for this reason they must depend on
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