A Review of Dynamic Capabilities, Innovation Capabilities, Entrepreneurial Capabilities and Their Consequences

Vu, Hieu Minh

doi:10.13106/jafeb.2020.vol7.no8.485

Cited by 64 publications

(55 citation statements)

References 92 publications

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“…While business dynamics refers to an attitude towards a context, innovation capacity focuses on the ability to shape and manage various capacities, with organizations managing innovative capacity being able to integrate important capacities and resources in order to promote innovation successfully [25].…”

Section: Literature Review In Business Dynamics and Innovation Capabimentioning

confidence: 99%

Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective

Lopes

Oliveira

Silveira

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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This research aims to identify which factors best explain business dynamics and innovation capacity in the continents of Africa, Asia, Europe, Latin America and the Caribbean, and North America. To achieve this, data from the Global Entrepreneurship Monitor and the Global Competitiveness Report is used. The linear regression method is utilized with the stepwise procedure for data analysis. It is possible to ascertain that, with a view to increasing innovation capacity in the African continent, business leaders and managers should be acquainted with innovation studies to better understand technological advances. In relation to Asia, the detected models of business dynamism and capacity for innovation are positive. On the European continent, the results show that RIS3 has a positive impact on the capacity for innovation. In Latin America and the Caribbean, it seems that business dynamism and the capacity for innovation are negative and regional development policies should be more flexible. In North America, it appears that business dynamism and the capacity for innovation are negative. The research contributes with measures that can be applied by organizations and policymakers to these five continents to improve the performance of business dynamism and the capacity for innovation in their territories. The resulting data give originality to the research as well as important contributions, not only to the theory, but also to the entities (organizations and governments) acting in the field who can implement new policies, such as tax incentives to companies for the first purchase of high-tech equipment, products, or products with intellectual property rights developed by national companies and provide support policies directed to companies that purchase high-tech domestic equipment.

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Section: Literature Review In Business Dynamics and Innovation Capabimentioning

confidence: 99%

Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective

Lopes

Oliveira

Silveira

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

View full text Add to dashboard Cite

show abstract

“…Either way, it seems established that EO dimensions are not all required in equal measure all of the time for a firm to be entrepreneurial. However, there is a relationship between EO and performance measured as business growth (Vu, 2020). EO theory was initially applied to strategic orientation in large firms.…”

Section: Review Of Theorymentioning

confidence: 99%

“…Entrepreneurship requires risk-taking, and in small firms, this aspect requires strong leadership to pursue risky actions to continue business growth and ensure the longevity of the business (Vu, 2020). From the expatriate point of view, independent business ownership outside of the limited free zones is not possible.…”

Section: Business Growth Stagementioning

confidence: 99%

Entrepreneurial Orientation, Access to Financial Resources and SMEs’ Business Performance: The Case of the United Arab Emirates

Zarrouk¹,

Sherif²,

Galloway³

et al. 2020

JAFEB

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This study investigates how financial resources and entrepreneurial orientation (EO) may influence the performance of small-and mediumsized enterprises (SMEs) in the United Arab Emirates (UAE). Twenty-seven interviews were conducted and evaluated using the method of GABEK® (A GAnzheitliche BEwältigung von Komplexität -holistic processing of complexity). The research demonstrated that access to financial resources has significantly mediated EO's effect on the SMEs' performance. The study found that financial autonomy, enhanced through both personal financing and availability of external finance sources, plays a central role in supporting the EO dimension of autonomy and enhancing the SMEs' performance. In particular, the other EO dimension of risk-taking is stymied by lack of funds with which to take commercial and market opportunities. However, when an innovation strategy is pursued and adopted, access to finance can be facilitated, either through financial institutions or through other governmental funding programs attracting high potential innovators. Furthermore, financial barriers, difficulties accessing bank financing, and legal issues have a detrimental impact on SMEs' growth. The study has implications for policy-makers in the UAE, specifically in terms of sending a signal for lending institutions to consider strategies that provide access to affordable financial services to satisfy SMEs' needs.

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“…Extant literature revealed the positive and significant association between innovation and performance of an organization (Exposito & Sanchis-Llopis, 2018;Gunday et al, 2011;Hervas-Oliver et al, 2014;Hult.et.al, 2004;Jimenez-Jimenez & Sanz-Valle, 2011;Nemlioglu and Mallick, 2017;Saunila, Pekkola, & Ukko, 2014;Sahoo, 2019: Sok.et.al, 2015, Vu, 2020. In a systematic review on innovation capability in SMEs' context, Saunila (2019) argued that empirical research conceptualize innovation capability as a process or an outcome affecting SMEs' performance especially in manufacturing sector using survey questionnaire and limited studies using qualitative design.…”

Section: Introductionmentioning

confidence: 99%

Innovation Capabilities and Small and Medium Enterprises’ Performance: An Exploratory Study

Ali¹,

Hao²,

Chen³

2020

JAFEB

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Research underlined that Small and Medium Enterprises' performance is enhanced by different types of innovation capabilities. This research tends to present a comprehensive model to explain the relationship between innovation capabilities and SMEs' financial and operational performance. Specifically, this study tends to achieve three objectives: explores the set of product, process, organizational and marketing innovation capabilities possessed by owners/managers of SMEs and their impact on Chinese manufacturing SMEs' operational and financial performance dimensions, identify the determinants of innovation capabilities, and determine the contextual factors that moderate innovation capabilities and SMEs' performance. This research employed a qualitative research method using in-depth interviews with eight owners/managers of Chinese manufacturing SMEs. Research findings revealed that product and marketing innovation capabilities have a significant impact on SMEs' financial performance while process and organizational innovation capabilities positively influence SMEs' operational performance. The major determinants of innovation capabilities involved availability of sufficient organizational resources, entrepreneurial orientation, knowledge development and external networks. The contextual moderating factors on the relationship between innovation capabilities and SMEs' performance involved internal factors which are: SME size, SMEs' owner/manager work experience, entrepreneurial mindset; and external factors: market dynamism and cooperation strategies. This paper ends by drawing some concluding remarks and proposing future research avenues.

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A Review of Dynamic Capabilities, Innovation Capabilities, Entrepreneurial Capabilities and Their Consequences

Cited by 64 publications

References 92 publications

Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective

Business Dynamism and Innovation Capacity, an Entrepreneurship Worldwide Perspective

Entrepreneurial Orientation, Access to Financial Resources and SMEs’ Business Performance: The Case of the United Arab Emirates

Innovation Capabilities and Small and Medium Enterprises’ Performance: An Exploratory Study

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