The relationship between entrepeneurial management and financial performance: Evidence from the hotel industry in Canakkale Region

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dc.contributor.authorDonmez, Dilek
dc.contributor.authorAltuntas, Gultekin
dc.contributor.authorBirgoren, Tarik
dc.date.accessioned2025-01-27T20:22:57Z
dc.date.available2025-01-27T20:22:57Z
dc.date.issued2011
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractIt is aimed in this study to present the relationship between the entrepreneurial management (i.e. the management philosophy of an organization's overall internal management systems and organizational processes encouraging strategic agility, flexibility, creativity and continuous innovation, which lets the organization follow a selected marketing strategy and play the 'game' better than its competitors/dictates its 'game') and financial performance. With a literature review, an empirical study has been conducted on hotel businesses in Canakkale Region in Turkey with Pearson and Spearman Correlations as well as multiple linear regressions to present the relationships between entrepreneurial management, which aims to stimulate all individuals, regardless of their hierarchial levels, in an organization to think and act like entrepreneurs to achieve above-average returns in the long run, and financial performance. The study reveals that there is a positive relationship between strategic orientation with satisfaction of overall financial performance, ROE and change in assets; resource orientation with satisfaction of overall financial performance and ROE; reward system with satisfaction of overall financial performance, ROI, change in sales, net profit margin, net profit level, net profit from operations and ability to fund growth as well as entrepreneurial culture with ROI and change in sales. Furthermore, the findings suggest that growth orientation is the most important variable to contribute the financial performance.
dc.identifier.endpage303
dc.identifier.issue2
dc.identifier.startpage278
dc.identifier.urihttps://hdl.handle.net/20.500.12428/22081
dc.identifier.volume40
dc.identifier.wosWOS:000409796700012
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isotr
dc.publisherIstanbul Univ
dc.relation.ispartofIstanbul University Journal of The School of Business
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20250125
dc.subjectEntrepreneurial management
dc.subjectadministrative management
dc.subjectstrategic orientation
dc.subjectresource orientation
dc.subjectmanagement structure
dc.subjectreward system
dc.subjectgrowth orientation
dc.subjectentrepreneurial culture
dc.subjectperformance
dc.subjecthotel industry
dc.titleThe relationship between entrepeneurial management and financial performance: Evidence from the hotel industry in Canakkale Region
dc.typeArticle

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