Abstract
Drawing on the resource-based view, we propose a model to understand the roles of human capital, market and entrepreneurial orientation, absorptive capacity and ways to improve performance with an effective innovation strategy for hospitality development. We combine the Fuzzy Delphi Method, Decision-Making Trial and Evaluation Laboratory and analytic network process to demonstrate the interactions and relations among critical criteria by using data from 20 Taiwanese restaurant entrepreneurs obtained in 2015–2017. The positive effects of human capital, market orientation, entrepreneurial orientation and absorptive capacity on innovation performance are confirmed. These findings advance resource-based scholarship and highlight the value of understanding the relationship between a restaurant’s tangible and intangible resources for hospitality development.
Funding source: Ministry of Science and Technology, Taiwan 10.13039/501100004663
Award Identifier / Grant number: MOST 109-2511-H-130 -004 -MY2
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© 2021 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Entrepreneurial Bricolage and New Product Development Performance in New Ventures: The Contingent Effects of Founding Team Involvement
- Performance Impacts of Innovation Outcomes in Entrepreneurial New Ventures
- In and Out of Self-Employment, Are You Really an Entrepreneur: The Rise of a New Division?
- Innovation Strategy Development and Facilitation of an Integrative Process with an MCDM Framework
- Entrepreneurial Orientation and Start-Up Performance: A Configurational Approach
- Entrepreneurship and Firm Strategy: Integrating Resources, Capabilities, and Judgment through an Austrian Framework
- The Role of Entrepreneurial Performance in Supporting Economic Development of Countries: An Empirical Approach
- I Regret as My Family Fallows My Entrepreneurial Self-Efficacy! Evidence from the Male Sample of an Emerging Economy (Pakistan)
- From Dream to Reality: The Ambivalent Role of Nascent Entrepreneurs’ Motivation in the Intention-Action Gap
- The Role of Entrepreneurs’ Empathy in New Venture Performance: The Mediating Effects of Entrepreneurial Orientation
- Exploring the Effects of Innovation Ecosystem Models on Innovative Performances of Start-Ups: The Contingent Role of Open Innovation
- Broaden the Pathway to Inclusive Entrepreneurship: A Transaction Cost Proposition
Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Entrepreneurial Bricolage and New Product Development Performance in New Ventures: The Contingent Effects of Founding Team Involvement
- Performance Impacts of Innovation Outcomes in Entrepreneurial New Ventures
- In and Out of Self-Employment, Are You Really an Entrepreneur: The Rise of a New Division?
- Innovation Strategy Development and Facilitation of an Integrative Process with an MCDM Framework
- Entrepreneurial Orientation and Start-Up Performance: A Configurational Approach
- Entrepreneurship and Firm Strategy: Integrating Resources, Capabilities, and Judgment through an Austrian Framework
- The Role of Entrepreneurial Performance in Supporting Economic Development of Countries: An Empirical Approach
- I Regret as My Family Fallows My Entrepreneurial Self-Efficacy! Evidence from the Male Sample of an Emerging Economy (Pakistan)
- From Dream to Reality: The Ambivalent Role of Nascent Entrepreneurs’ Motivation in the Intention-Action Gap
- The Role of Entrepreneurs’ Empathy in New Venture Performance: The Mediating Effects of Entrepreneurial Orientation
- Exploring the Effects of Innovation Ecosystem Models on Innovative Performances of Start-Ups: The Contingent Role of Open Innovation
- Broaden the Pathway to Inclusive Entrepreneurship: A Transaction Cost Proposition