EXPLORATORY FACTOR ANALYSIS OF ENTREPRENEURIAL ORIENTATION IN THE CONTEXT OF BANGLADESHI SMALL AND MEDIUM ENTERPRISES (SMES)

Generally, Exploratory Factor Analysis (EFA) is required to expose the appropriate items for using in the research instrument. Thus, this study takes steps to develop and validate instrument of Entrepreneurial Orientation (EO) construct through EFA particularly in the context of Small and Medium Enterprises (SMEs) in Bangladesh. This study is exercised EFA as it is far different from previous studies in terms of socio-economic, racial and cultural status and some items of the previous studies are no longer suitable for current research. More importantly, maximum number of previous studies examined only innovativeness, pro-activeness, and risk-taking as the dimensions of EO. However, quite a few researchers concentrating on other substantial attributes of EO. Hence, there is still no common agreement among…