TY - JOUR
T1 - To Explore or to Exploit? Opportunities, Dynamic Capabilities, and Performance of Maritime Enterprises in Ghana
AU - Acheampong, George
AU - Aggrey, Oliver Kwabena
AU - Hansen, Annette Skovsted
N1 - Publisher Copyright:
© 2023 Taylor & Francis Group, LLC.
PY - 2024
Y1 - 2024
N2 - This study investigates how the recognition and exploitation of entrepreneurial opportunities influence small business performance via interactions with firm-level innovation capability and learning orientation. We frame the study within the maritime-sector context and seek to contribute to the understanding of how the interplay between opportunity recognition, exploitation, innovation capability and learning orientation affects the entrepreneurial performance of local businesses when there is a technological policy change. The study further frames its arguments from a dynamic capability perspective and tests its arguments with data from 284 local businesses operating in the Port of Tema. Findings reveal that opportunity exploitation and learning orientation as well as their interplay have a positive and significant effect on entrepreneurial performance. The study consequently presents local micro-entrepreneurial reactions to macro-level policy changes within the maritime sector–an issue that has largely remained uninvestigated in the African business literature due to maritime blindness.
AB - This study investigates how the recognition and exploitation of entrepreneurial opportunities influence small business performance via interactions with firm-level innovation capability and learning orientation. We frame the study within the maritime-sector context and seek to contribute to the understanding of how the interplay between opportunity recognition, exploitation, innovation capability and learning orientation affects the entrepreneurial performance of local businesses when there is a technological policy change. The study further frames its arguments from a dynamic capability perspective and tests its arguments with data from 284 local businesses operating in the Port of Tema. Findings reveal that opportunity exploitation and learning orientation as well as their interplay have a positive and significant effect on entrepreneurial performance. The study consequently presents local micro-entrepreneurial reactions to macro-level policy changes within the maritime sector–an issue that has largely remained uninvestigated in the African business literature due to maritime blindness.
KW - Entrepreneurial opportunities, maritime SMEs, dynamic capability
KW - innovation capability
KW - learning orientation
UR - http://www.scopus.com/inward/record.url?scp=85165548559&partnerID=8YFLogxK
U2 - 10.1080/15228916.2023.2237834
DO - 10.1080/15228916.2023.2237834
M3 - Article
AN - SCOPUS:85165548559
SN - 1522-8916
VL - 25
SP - 705
EP - 727
JO - Journal of African Business
JF - Journal of African Business
IS - 4
ER -