A Study of the Entrepreneurship and Social Capital in Organizational Performance

  • Kim, Moon Jun (KNU Corporate Management Institute, Kongju National University)
  • Received : 2018.10.15
  • Accepted : 2018.11.03
  • Published : 2018.12.31


In this study, we used 170 copies of the 190 questionnaires from March 18 to April 20, 2018, except for 20 that can't be used as statistical value. The purpose of this study is to analyze the relationship between organizational entrepreneurship and social capital, organizational performance, and the relationship between entrepreneurship and social capital. The main implications of this study are as follows. First, the entrepreneurship of the executives recognized by the organization members has a positive influence on the social capital in the organization. In other words, the higher the entrepreneurship of management, the higher the social capital in the organization. Second, the effect of the entrepreneurship of the management on the organizational performance is shown to have a statistically significant positive effect. In other words, the entrepreneurship of management was a key factor in achieving organizational performance. Third, social capital in the organization has a statistically significant effect on organizational performance. In order to improve organizational performance, it is necessary to systematically improve and reinforce entrepreneurship and social capital in management. On the other hand, it is considered that the executives' entrepreneurial spirit consistent with the characteristics of the company type, management environment, and organizational members should be continuously demonstrated, and the implementation plan for the social capital in the organization should be developed. Therefore, high quality organizational performance for corporate sustainability management emphasized the importance of executive power on the systematic and continuous implementation of management entrepreneurship and the improvement of social capital for strengthening cohesion.


Effects of Entrepreneurship on Social Capital

E1GMBY_2018_v6n4_1_t0001.png 이미지

Effects of Entrepreneurship on Organizational Performance

E1GMBY_2018_v6n4_1_t0002.png 이미지

Effects of Entrepreneurship on Organizational Performance

E1GMBY_2018_v6n4_1_t0003.png 이미지


  1. Burns, T., and Stalker, G. M, The Management of Innovation, London: Tavistock Publishing, 1961.
  2. Dess, G. G. and Lumpkin, G. T, "The role of entrepreneurial orientation in stimulating effective corporate entrepreneurship," Academy of Management Executive, Vol. 19, No. 1, pp. 147-156, 2005.
  3. Zahra, S. A., and Covin, J. G, "Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis, " Journal of Business Venturing,Vol. 10, N0.1, pp. 43-58, 1995.
  4. Miller, D. and Lee, J, "The People Make the Process: Commitment to Employees, Decision Making, and Performance," Journal of Management, Vol. 27, pp.163-189, 2001.
  5. Kurato, D. F., Ireland, R. D., Covin, J. G., and Hornsby, J. S, "A Model of Middle-Level Managers' Entrepreneurial Behavior, " Entrepreneurship Theory and Practice, Vol. 29, Issue. 6, pp. 699-716, 2005.
  6. Kim, Sun-Kwang. Kwak Young-hwan. Ahn Kwan-young. Kwon Hyuk-dae, "A Study on the Effect of Inner Entrepreneurship on the Gradual Innovation Activity and Business Performance: Focusing on the Financial Services Industry," Journal of Service Management,Vol. 15, No. 3), pp. 277-306, 2015.
  7. Aldrich, H. E., Methods in Our Madness? Trends in Entrepreneurship Research, In the State of the Art of Entrepreneurship, edited by D. L. Sexton and J. D. Kasarda, Boston, MA: PWS-Kent Publishing, 191-213, 1992.
  8. Schumpeter, J. A, The Theory of Economic Development, MA: Harvard University Press, 1934.
  9. Zahara, S. A., and Bogner, W. C, "Technlogy Strategy and Soft-ware New entures Performence-A study of coporate-spoon and Independent Biotechnology Ventures, " Journal of Business Venturing, Vol. 15, No. 2, pp. 135-173, 2000.
  10. Stevenson, H. H. and J. C. Jarillo, "A paradigm of entrepreneurship: Entrepreneurial management," Strategic Management Journal, Vol. 11, No. 4, pp. 17-27, 2007.
  11. White, M. A., and Bruton, G. D, The management of technology and innovation: A strategic approach. Cengage Learning, 2010.
  12. Bourdieu, Piere, The Forms of Capital. Handbook of Theory and Research for the Sociology of Education. NY. Greenwood, 1986.
  13. Coleman, James, Social Capital in the Creation of Human Capital. American Journal of Sociology, 94, 94-121, 1988.
  14. Putnam, R. D, Making Democracy Work, Princeton: Princeton University Press, 1993.
  15. Portes, A, Social Capital: Its Origins and Applications in Modern Sociology, Annual Review of Sociology, 22, 1-24. 1998.
  16. Putnam, R. D, "Bowling alone: America's declining social capital, " Journal of democracy, Vol. 6, No. 1, pp. 65-78, 1995.
  17. Nahapiet, J. and S. Ghoshal, "Social Capital, Intellectual Capital and the Organizational Advantage," Academy of Management Review, Vol. 23, No. 2, pp. 242-266, 1998.
  18. Leana, C.R. and H. J. Van Buren, "Organizational Social Capital and Employment Practices," Academy of Management Review, Vol. 24, No. 3, pp. 538-555, 1999.
  19. Adler, P. S. and S. W. Kwon, "Social Capital: Prospects for a New Concept," Academy of Management Review, Vol. 27, No. 1, pp. 17-40, 2002.
  20. Uphoff, W. and C. M. Wijayaratna, "Demonstrated Benefits from Social Capital: The Productivity of Farmer Organizations in Gal Oya, Sri Lanka," World Development, vol. 28, no. 11, pp. 1875-1890, 2000.
  21. Parker, C., "Performance measurement," Work study, vol. 49, no. 2, pp. 63-66, 2000.
  22. Ambroise, Laure, Isabelle Prim-Allaz, Christine Teyssier and Sophie Peillon, "The Environment-Strategy-Structure Fit and Performance of Industrial Servitized SMEs," Journal of Service Management, vol. 29, no. 2, pp. 301-328, 2018.
  23. Hill, Alex, Richard Cuthbertson, Benjamin Laker and Steve Brown, "Service Fitness Ladders: Improving Business Performance in Low Cost and Differentiated Markets," International Journal of Operations & Production Management, Vol. 37, No. 10, pp. 1266-1303, 2017.
  24. Rhyne, Lawrence C, "The Relationship of Strategic Planning to Financial Performance," Strategic Management Journal, Vol. 7, No. 5, pp. 423-436, 1986.
  25. Cembrero, David and Josune Saenz , "Performance Outcomes of Interaction, Balance, and Alignment between Exploration and Exploitation in the Technological Innovation Domain," International Journal of Business Innovation and Research, Vol. 15, No. 1, pp. 14-33, 2018.
  26. Dess, G. G. and R. B. Robinson, Jr, "Measuring organizational performance in the absence of objective measures: The case of the privately-held firm and conglomerate business unit," Strategic Management Journal, Vol. 5, PP. 265-273, 1984.
  27. Venkatraman, Natarjan and Vasudevan Ramanujam, "Measurement of Business Performance in Strategy Research: A Comparison of Approaches," Academy of Management Review, Vol. 11, No. 4, pp. 801-814, 1986.
  28. Chenhall, R. H, "Reliance on Manufacturing Performance Measures, Total Quality Management and Organizational Performance," Management Accounting Research, Vol. 8, pp. 187-206, 1997.
  29. Zahara, S. A., Hayton, J. C., and Salvato, C, "Entrepreneurship in Family vs. Non-Family Firms: A Resource-Based Analysis of the Effect of Organizational Culture,"Entrepreneurship Theory and Practice, Vol. 28, No. 4, pp. 363-381, 2004.
  30. Zahra, S. A., and Garvis, D. M, "International corporate entrepreneurship and firm performance: The moderating effect of international environmental hostility," Journal of Business Venturing, Vol. 15, No. 5, pp. 469-492, 2000.
  31. Aldich, H. E., and Auster, E. R, "Even Dwarfs and Their Strategic Implications,"Research in Organizational Behavior, Vol. 8, pp. 165-198, 1986.
  32. Viswanathan, M., Echambadi, R., Venugopal, S., & Sridharan, S, "Subsistence entrepreneurship, value creation, and community exchange systems: A social capital explanation," Journal of Macro Marketing, Vol. 34, No. 2, pp. 213-226, 2014.
  33. Gurrieri, A. R., Lorizio, M., and Stramaglia, A, "Entrepreneurship and Network," In Entrepreneurship Networks in Italy, pp. 1-15, Springer International Publishing.
  34. Stam, W., and Elfring, T, "Entrepreneurial orientation and new venture performance: The moderating role of intra-and extra industry social capital," Academy of Management Journal, Vol. 51, No. 1, pp. 97-111, 2008.
  35. Covin, J. G., and Slevin, D. P, "The development and testing of an organizational-level entrepreneurship scale," Frontiers of Entrepreneurship Research, Vol. 1, pp. 626-639, 1986.
  36. Matsuno, K., Mentzer, J. T., and Ozsomer, A, "The effects of entrepreneurial proclivity and market orientation on business performance," Journal of Marketing, Vol. 66, No. 3, pp. 18-32, 2002.
  37. Zahra, S. A, "A conceptual model of entrepreneurship as firm behavior: A critique and extension," Entrepreneurship theory and practice, 17, 1993.
  38. Teece, D., Pisano, G., and Shuen, A, "Dynamic Capabilities and Strategic Management," Strategic Management Journal, Vol. 18, No. 7, pp. 509-533, 1997.<509::AID-SMJ882>3.0.CO;2-Z
  39. Wiklund, J., and Shepherd, D, "Knowledge‐based resources, entrepreneurial orientation, and the performance of small and medium‐sized businesses," Strategic Management Journal, Vol. 24, No. 13, pp. 1307-1314, 2003.
  40. Wiklund, J., and Shepherd, D, "Entrepreneurial orientation and small business performance: a configurational approach," Journal of Business Venturing, Vol. 20, No. 1, pp. 71-91, 2005.
  41. Lee, L. T., and Sukoco, B. M, "The effects of entrepreneurial orientation and knowledge management capability on organizational effectiveness in Taiwan: The moderating role of social capital," International Journal of Management, Vol. 24, No. 3, pp. 549-620, 2007.
  42. Barney, J, "Firm resources and sustained competitive advantage," Journal of Management, Vol. 17, No. 1, pp. 99-120, 1991.
  43. Mahoney, J. T. and Pandian, J. R, "The Resource-Based View within the Conversation of Strategic Management," Strategic Management Journal, Vol. 13, No. 5, pp. 363-380, 1992.
  44. Wernerfelt, B, "A Resource-Based View of the Firm," Strategic Management Journal, Vol. 5, No. 2, pp. 171-180, 1984.
  45. Lehner, O. M, "The formation and interplay of social capital in crowd funded social ventures," Entrepreneurship and Regional Development, Vol. 26, No. 5-6, pp. 478-499, 2014.
  46. Yiu, D. W., and Lau, C. M, "Corporate entrepreneurship as resource capital configuration in emerging market firms," Entrepreneurship Theory and Practice, Vol. 32, No. 1, pp. 37-57, 2008.
  47. Ashourizadeh, S., Rezaei, S., Schott, T., and Vang, J, "Entrepreneurs human and social capital: Direct and reinforcing benefits for export," International Journal of Entrepreneurship and Small Business, Vol. 21, No. 2, pp. 246-267, 2014.
  48. Stevenson, H. H., and Jarillo, J. C, "A Paradigm of Entrepreneurship: Entrepreneurial Management," In Entrepreneurship (155-170). Springer Berlin Heidelberg, 2007.
  49. Covin, J. G., and Slevin, D. P, "New venture strategic posture, structure, and performance: An industry life cycle analysis," Journal of Business Venturing, Vol. 5, No. 2, pp. 123-135, 1986.
  50. Miller, D., and Friesen, P. H, "Innovation in conservative and entrepreneurial firms: Two models of strategic momentum," Strategic Management Journal, Vol. 3, No. 1, pp. 1-25, 1982.
  51. Covin, J. G., and Slevin, D. P, "A conceptual model of entrepreneurship as firm behavior," Entrepreneurship theory and practice,Vol. 16, No. 1, pp. 7-25, 1991.
  52. Barringer, B., and Bluedorn, A, "The relationship between corporate entrepreneurship and strategic management," Strategic Management Journal, Vol. 20, pp. 421-444, 1999.<421::AID-SMJ30>3.0.CO;2-O
  53. Lassen, A. H., Gertsen, F., and Riis, J. O, "The nexus of corporate entrepreneurship and radical innovation,"Creativity and Innovation Management, Vol. 15, No. 4, pp. 359-372, 2006.
  54. De Carolis, D. M., and Saparito, P, "Social capital, cognition, and entrepreneurial opportunities: A theoretical framework," Entrepreneurship Theory and Practice, Vol. 30, No. 1, pp. 41-56, 2006.
  55. Greve, A., and Salaff, J. W, "Social networks and entrepreneurship," Entrepreneurship theory and practice, Vol. 28, No. 1, pp. 1-22, 2003.
  56. Larson, A, "Network dyads in entrepreneurial settings: A study of the governance of exchange relationships," Administrative Science Quarterly, Vol. 37, No. 1, pp. 76-104, 1992.
  57. Maak, T, "Responsible leadership, stakeholder engagement, and the emergence of social capital," Journal of Business Ethics, Vol. 74, No. 4, pp. 329-343, 2007.
  58. Pretty, J., and Ward, H, "Social capital and the environment," World Development, Vol. 29, No. 2, pp. 209-227, 2001.
  59. Kim, Moon-Jun, "A Study of the Economic and Social Performance of Social Enterprise," International Journal of Advanced Culture Technology, Vol. 6, No. 2, pp. 43-50, 2018.
  60. Schein, E. H, "Process Consultation: It's Role in Organization Development," 2nd edition. Reading Massachusetts, Addison-Wesley Publishing Company, New York, 1988.
  61. Cherrington, D. J, Allyn and Cohen, W., and Levinthal, D, "Absorptive Capacity: A New Perspective on Learning and Innovation," Administrative Science Quarterly, Vol. 35, pp. 128-152, 1990.
  62. Stuart, R., and Abetti, P. A, Start -up ventures: Towards the prediction of initial success, Journal of Business Venturing, 2(3), 215-230.
  63. Tsai, W., and Ghoshal, S, "Social capital and value creation: The role of intrafirm networks,"Academy of Management Journal, Vol. 41, No. 4, pp. 464-476, 1998.
  64. Kim, Moon-Jun, "A Study on Consultant Competency and Consulting Performance Affecting Management Performance by Members in Organization," Korea Review of Corporation Management, Vol. 8, No. 2, pp. 231-255, 2017.