Entrepreneurship Impact on Market Orientation to Improve the Performance of Auto Parts Manufacturers

Abstract

Entrepreneurial orientation is based on studies that plan strategies according to the action patterns or decision making styles. By providing unique and innovative products focusing on customer needs, companies can allocate themselves a larger share of the market. The goal of this descriptive correlational research is to examine the effect of entrepreneurship and its results on the market orientation and, consequently, the influence of the latter on the auto parts manufacturers’ performance. So, to measure these variables, a questionnaire was designed: Cronbach's alpha was found to be 0/88 for entrepreneurship, 0/90 for market orientation and 0/77 for performance. The results of PLS showed a t bigger than 2, which indicates the significance of the impact of the entrepreneurship on market orientation and, consequently, market orientation influence on the performance. Moreover, the results of a multiple regression analysis showed the impact of the risk-taking factor and pioneering on the responsive active market. Also, responsive and proactive market proved to have a significant effect on the performance of auto parts manufacturers.

Keywords

• entrepreneurship
• performance
• auto parts manufacturers