The Interface Between Innovation and Entrepreneurship with Strategic Risks and the Budget in a Brazilian Agribusiness Company
In the context of Resource-based Theory (rbt), management control components such as budgeting play a crucial role in organizing and maximizing the potential of resources and capabilities. This research aims to explore the interface between the dynamic capabilities of innovation and entrepreneurshi...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad Nacional de Colombia
2024-01-01
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| Series: | Innovar: Revista de Ciencias Administrativas y Sociales |
| Subjects: | |
| Online Access: | https://revistas.unal.edu.co/index.php/innovar/article/view/99061 |
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| Summary: | In the context of Resource-based Theory (rbt), management control components such as budgeting play a crucial role in organizing and maximizing the potential of resources and capabilities. This research aims to explore the interface between the dynamic capabilities of innovation and entrepreneurship, and their relationship with strategic risks and budget utilities in a Brazilian agribusiness company. The study employs a case study approach, utilizing coded categories derived from the literature to analyze selected excerpts from interviews, observations, and documents through qualitative analysis. The findings indicate that the budget primarily serves as a goal-oriented tool, enabling the exploration of alternatives within established limits to address the specific challenges of each unit, particularly in managing strategic risks. The study suggests that the interface between dynamic capabilities (entrepreneurship and innovation) and strategic risks fosters discussions focused on optimizing budget utility. Moreover, the budget was observed to function as an interactive environment that facilitates the exchange of information and experiences, which in turn supports the development of innovative solutions to strategic risks, such as the creation of a digital platform and the organization of field day events. The research theoretically demonstrates that the budget supports both the exploitation of existing capabilities and the exploration of new opportunities. Practically, these findings underscore the potential of the budget to advance multiple priorities, thereby offering valuable insights for the dissemination of this concept within the field.
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| ISSN: | 0121-5051 2248-6968 |