Conclusions, managerial implications, and limitations
Our research has demonstrated that high and low entrepreneurial orientated firms plan, operate, and perform differently from one another, as previously predicted.
First, our hypothesis that EO levels would correlate to marketing strategies was accepted. That is, firms with different EO levels will employ different marketing strategies. Specifically, firms with high EO do prefer localized demand generation strategies and (adapted) branding strategies, while firms with low EO prefer demand fulfillment strategies and global (standard) branding strategies (H1b). Also, firms with a high EO level will employ non-traditional production/selling methods, while firms with low EO will rely on traditional methods for their operations (H1c). Therefore, companies with a higher entrepreneurial orientation will design their marketing strategies to encompass adaptation instead of standardization. These results support previous findings by demonstrating that marketing and EO are related terms, as far as marketing is concerned with the facilitation of exchange processes between organizations and new environments. This is due to the value that marketing is able to add (Morris and Paul 1987a) in terms of searching for new demand, offering new brands, and launching new products & selling methods (Smart and Conant 1994).