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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
A Wed, study studied this question.