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This research examined the effects of three strategic process variables—strategic decision-
making participativeness, strategy formation mode, and strategic learning from failure—on
the entrepreneurial orientation (EO)–firm sales growth rate relationship. Results based on
a sample of 110 manufacturing firms indicated a positive effect of EO on sales growth rate.
Moreover, the relationship between EO and sales growth rate was more positive among
firms that employ autocratic decision making and that exhibit an emergent strategy
formation process. Perceptions of proficiency at learning from strategic mistakes differen-
tially affected the growth rates of firms at different ends of the EO continuum, but in manners
inconsistent with the hypothesized relationship.
Introduction
Entrepreneurial orientation (EO) has emerged as a major construct within the strate-
gic management and entrepreneurship literatures over the years (Morris & Kuratko,
2002). EO is a strategic construct whose conceptual domain includes certain firm-level
outcomes and management-related preferences, beliefs, and behaviors as expressed
among a firm’s top-level managers. As originally proposed by Miller (1983), EO is
revealed through an organization’s exhibition of risk taking, innovativeness, and proac-
tiveness. According to Miller (1983), the “entrepreneurial” label is most defensible as a
descriptor of established firms when those organizations are simultaneously risk taking,
innovative, and proactive with respect to their overall business operations, product offer-
ings and technologies, and interactions with competitors, respectively. While these three
dimensions of EO can vary independently of one another (e.g., Kreiser, Marino, &
P T E
&
Strategic Process Effects
on the Entrepreneurial
Orientation–Sales
Growth Rate
Relationship
Jeffrey G. Covin
Kimberly M. Green
Dennis P. Slevin
1042-2587
© 2006 by
Baylor University
Please send correspondence to: Jeffrey G. Covin at covin@indiana.edu, to Kimberly M. Green at
greenk@indiana.edu, and to Dennis P. Slevin at dpslevin@katz.pitt.edu.