Leaders of entrepreneurial firms commonly struggle with how to best position the business for the future. Often, important decision processes and strategic actions are based on the time horizon preferences of the firm’s dominant coalition – either short-term or long-term focused (Laverty, 1996). Traditionally, scholars have viewed long-term considerations to be made by mature, more established firms; however, the connection drawn between long-term orientation (LTO) and entrepreneurial orientation (EO), namely the dimensions of innovativeness, proactiveness, and autonomy (Lumpkin et al., 2010), stand to blur that current conceptualization. LTO may be more valuable to high-growth entrepreneurial firms more than is currently speculated.
Zachary, Miles A.; Brigham, Keith H.; Payne, G. Tyge; and Lumpkin, G. T.
"LONG-TERM ORIENTATION AND FIRM PERFORMANCE: CONSTRUCT VALIDATION AND COMPARATIVE ANALYSIS IN PUBLIC AND PRIVATE HIGH-GROWTH ENTREPRENEURIAL FIRMS (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 32
, Article 4.
Available at: http://digitalknowledge.babson.edu/fer/vol32/iss11/4