Abstract
New ventures (NVs) in emerging economies often face significant challenges in cultivating quality customer relationships and achieving customer satisfaction. This study applies the strategic entrepreneurship framework and configurational theory to investigate how combinations of strategic behaviors, decision-making logics, resource allocation mechanisms, and leader sociocognitive characteristics influence customer-focused performance. Utilizing multi-informant data from 135 NVs (entrepreneurs and marketing managers) in Sri Lanka, our analysis reveals that NVs employing effectual decision-making and bricolage resource allocation achieve stronger alignment between entrepreneurial and market orientations, resulting in enhanced customer satisfaction and stronger relationships. Additionally, the study identifies entrepreneurs’ long-term orientation and managers’ perfectionism as critical contingency factors in these configurations. These findings offer valuable insights into the strategic configurations that drive customer success in NVs.
Document Type
Journal Article
Date of Publication
12-1-2025
Volume
201
Publication Title
Journal of Business Research
Publisher
Elsevier
School
School of Business and Law
RAS ID
88189
Funders
Macquarie University
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Comments
Wijekoon, S., Vesal, M., & O’Cass, A. (2025). A configurational approach to strategic entrepreneurship: Unlocking customer success in new ventures in emerging economies. Journal of Business Research, 201, 115689. https://doi.org/10.1016/j.jbusres.2025.115689