Critical Role of Entrepreneurship and Strategic Management in Generating Organization’s Wealth; Structural Equation Modelling Analysis

Abstract

The study aims to assess the critical role of entrepreneurship and strategic management in generating organization’s wealth using structural equation modelling analysis. The data was collected from 52 private hospitals in Jordan using structural equation modelling. A total of 117 managers, directors and heads of the departments were recruited in this study. Entrepreneurship mindset was found to be significantly and positively related to the performance innovative effectiveness. Business alignment was also positively and significantly related to the performance innovative effectiveness. Performance innovative effectiveness was found to be positively but insignificantly related with the generation of organization’s wealth. The study concluded a positive impact of strategic management and entrepreneurship on the generation of organization’s wealth.