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| Entrepreneurial Orientation, Resource-focused Action and Corporate Growth under the Resource Constraints |
| Yu Yiyong,Yang Zhong |
| (Business School of Nanjing University, Nanjing 210093,China) |
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Abstract Under the background of resource constraints, how to formulate effective entrepreneurial orientation and resource-focused action is of great significance for achieving the smooth growth of enterprises in a dynamic environment.Based on the perspective of dynamic capabilities, Hengrui Medicine is used as an example to conduct a longitudinal case study to explore the internal mechanism of entrepreneurship orientation,resource-focused action and corporate growth in different stages of development.The study found that: ① high diversity and high legitimacy are the ideal states pursued by enterprise's resource-focused action, but the different development stages have different emphasis on each other;②entrepreneurial orientation provides the direction for enterprise resource-focused action, and resource-focused action is the guarantee for the implementation of entrepreneurial orientation,and the fit of them to promote the growth of enterprises;③multiple resource constraints are the direct cause of enterprise entrepreneurship orientation and resource-focused action, and the improvement of enterprise capability is the effective result of entrepreneurial orientation and resource-focused action. In this process, managers' cognition provides a strong guarantee for the analysis of enterprise resource environment, the formulation of entrepreneurial orientation and the choice of resource-focused action.
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Received: 29 September 2020
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