DefinePK

Abstract

<jats:p>Organizations and small startups play a significant role in improving the economic progress
of newly industrialized countries. Their contribution to economic growth depends mainly on their
innovativeness. Based on the resource-based view theory, this study seeks to understand how these
enterprises use internal and external resources to uncover opportunities for innovative practices.
Specifically, we examine entrepreneurial orientation (innovativeness, autonomy, risk-taking, competitive
aggressiveness and proactiveness) and external financing for ventures. Through a comprehensive survey
encompassing 200 ventures in Pakistan, this study reveals the significant impact of three dimensions of
entrepreneurial orientation (innovativeness, risk-taking, and competitive aggressiveness) and
entrepreneurial finance on organizational innovativeness. This finding is important because it contributes
to the growing body of literature on entrepreneurial finance and shows how financing influences
innovativeness in startups, thus advancing knowledge within this field. Although the study uses a small
sample, it serves as a launch pad for further studies to explore different forms of capital and their unique
effects on organizational innovativeness</jats:p>