The Impact of Strategic Orientation on SMEs Growth, the Mediator Role of Brand Performance and Market Performance
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Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
In the current age, the strategic direction of companies ensures their performance in achieving the best results. In fact, this orientation contributes to the construction of fundamental principles in the operational activities, which may lead to better performance in the future by creating appropriate behaviors. In other words, this orientation may lead to better performance of the company in operations and its place in the market. In this research, we examine the effect of strategic orientation on growth of small and medium-sized enterprises (SMEs) with respect to the mediator role of brand performance and market performance. The statistical population of this study consists of small and medium-sized companies operating in University of Tehran science and Technology Park and 80 knowledge- based companies were chosen as a sample of research. To investigate the research model, structural equation test was used which concluded that strategic orientation of businesses had a significant effect on brand performance and their growth. Also, the tendency to entrepreneurship, innovation and market has a significant effect on the brand performance. Tendency to market, besides having an impact on the market performance of firms and the propensity to innovation, results in company growth. Finally, brand performance and market performance can cause growth in businesses.
Language:
Persian
Published:
Journal of Strategic Management Studies, Volume:9 Issue: 33, 2018
Pages:
45 to 74
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