Introduction

Turbulent business environments are forcing firms to be fierce competitors and to produce innovative solutions on a regular basis. The ability to be innovative, react promptly to competitors’ newness and to answer the demands of partners, suppliers, clients and other stakeholders, is significantly influenced by the firms’ talent to capture value from external knowledge (Stulova and Rungi, 2017).

Entrepreneurial orientation (EO) as a managerial attitude encompasses three key dimensions: innovation, proactive decisions and high risk taking. SMEs are believed to face greater uncertainty as a result of the external environment ...

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