Research On The Relationship Between Entrepreneurship And Firm Performance

With the development of Internet technology and the acceleration of economic globalization,domestic enterprises are facing opportunities and challenges from many competitors at home and abroad.How to keep their own advantages in the changing internal and external environment is the goal of enterprises.The leader of an enterprise is very important to the development of an enterprise.A strategic decision made by the senior management of an enterprise may directly affect the operation effect of the enterprise,thus leading to the change of enterprise performance.Nowadays,entrepreneurship has been proved to be an important source of improving enterprise performance by many researchers.However,at present,the relationship between entrepreneurship and enterprise performance is mainly based on case analysis,lacking enough empirical research.At the same time,due to the difference of domestic and foreign enterprise environment,the applicability of foreign theoretical research to domestic enterprises also needs to be constantly proved.Taking domestic enterprises as the research object,this paper divides entrepreneurship into innovation spirit,enterprising spirit and risk-taking spirit,and discusses how entrepreneurship affects enterprises,so as to accumulate competitive advantages of enterprises and ultimately improve enterprise performance.The action mechanism of entrepreneurship on enterprise performance is complex.Many researchers think that entrepreneurship is through some intermediate bridges,and then has an impact on enterprise performance.Therefore,it is necessary to find out the intermediate variables that affect the relationship between entrepreneurship and enterprise performance.In recent years,the relevant research of business model innovation has gradually become the focus of academic research.Many scholars believe that business model innovation is the source of competitive advantage of enterprises,so this innovation will bring performance improvement to enterprises.Since entrepreneurship and business model innovation have an impact on corporate performance,is there a corresponding relationship between them? Business model innovation is the change that enterprises make to the original business model,and entrepreneurs are the core figures in the enterprise organization.They are the makers,implementers and innovators of business model.Whether business model innovation can be the intermediary bridge that affects the relationship between entrepreneurship and enterprise performance,there are not enough empirical studies to prove this relationship.This paper hopes to improve the empirical research of relevant theories,and explore the relationship between entrepreneurship and enterprise performance with business model innovation as an intermediary variable.In order to further study business model innovation,based on the theoretical research of scholars at home and abroad,this paper divides business model innovation into three dimensions according to the research conclusion of Clauss t(2016): value proposition innovation,value creation innovation and value acquisition innovation.On this basis,this paper mainly uses empirical research methods to explore the impact of entrepreneurship on corporate performance and the intermediary role of business model innovation in the relationship between the two.At the beginning of this study,through a large number of literature summary and theoretical thinking,the main variables involved in the paper are sorted out,and then the theoretical model of this paper is constructed.Then the corresponding data were collected.After 267 valid questionnaires were collected by the method of questionnaire survey,the descriptive statistical analysis,questionnaire reliability and validity analysis,correlation analysis and regression analysis were carried out on the sample data by spss24.0 and amos24.0.The theoretical model of this study was verified by data analysis.Finally,the following conclusions are drawn:1.Entrepreneurship has a significant positive impact on corporate performance.2.Entrepreneurship and its three dimensions(innovation spirit,enterprising spirit and risk-taking spirit)have a significant positive impact on business model innovation,among which innovation spirit has the most significant impact on business model innovation.3.Business model innovation has a significant positive impact on business performance.4.Business model innovation plays a part of intermediary role in the relationship between entrepreneurship and enterprise performance.This paper mainly studies the impact of entrepreneurship on enterprise performance,and explores the intermediary effect of business model innovation on the relationship between the two.It not only enriches the theoretical research results of relevant variables,but also provides a new perspective for the research of Entrepreneurship(business model innovation).It is hoped that the research of this paper can make enterprises pay attention to the relationship among entrepreneurship,enterprise performance and business model innovation,and bring some practical enlightenment for the operation and development of enterprises.