Byeonghwa Park, Kihyun Kim, Sahrok Kim, Yongpil Geum
{"title":"Do Entrepreneurial Competencies Impact Competitive Agility and Entrepreneurial Satisfaction? Evidence from Startups in South Korea","authors":"Byeonghwa Park, Kihyun Kim, Sahrok Kim, Yongpil Geum","doi":"10.1177/09721509241260365","DOIUrl":null,"url":null,"abstract":"This study examines the effects of entrepreneurial competencies on competitive agility and entrepreneurial satisfaction of startups in a hypercompetitive Korean business environment. The study adopts a framework based on a resource-based view of the resources, capabilities and processes shaping a startup performance, considering vital drivers such as information technology competency, opportunity competency and competitive agility. It highlights that entrepreneurial success should not be solely limited to financial indicators, as entrepreneurial satisfaction of young startups is also crucial. A structural equation model was employed to analyze data from 638 South Korean startups that received government support. The results show that there is a positive relationship between information technology and opportunity competency on competitive agility. Information technology competency has a positive effect on opportunity competency. Further, competitive agility and opportunity competency have a positive effect on entrepreneurial satisfaction. Additionally, competitive agility mediates the positive relationship between opportunity competency and entrepreneurial satisfaction. The study concludes that, to be successful, startups need to align their entrepreneurial competencies in an agile manner to scan the market environment, seize business opportunities and transform capabilities into actions for improved entrepreneurial satisfaction outcomes. In summary, we suggest that small and mid-size startups can improve their entrepreneurial satisfaction outcomes by linking entrepreneurial competencies with entrepreneurial action process and competitive agility.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":null,"pages":null},"PeriodicalIF":2.3000,"publicationDate":"2024-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09721509241260365","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This study examines the effects of entrepreneurial competencies on competitive agility and entrepreneurial satisfaction of startups in a hypercompetitive Korean business environment. The study adopts a framework based on a resource-based view of the resources, capabilities and processes shaping a startup performance, considering vital drivers such as information technology competency, opportunity competency and competitive agility. It highlights that entrepreneurial success should not be solely limited to financial indicators, as entrepreneurial satisfaction of young startups is also crucial. A structural equation model was employed to analyze data from 638 South Korean startups that received government support. The results show that there is a positive relationship between information technology and opportunity competency on competitive agility. Information technology competency has a positive effect on opportunity competency. Further, competitive agility and opportunity competency have a positive effect on entrepreneurial satisfaction. Additionally, competitive agility mediates the positive relationship between opportunity competency and entrepreneurial satisfaction. The study concludes that, to be successful, startups need to align their entrepreneurial competencies in an agile manner to scan the market environment, seize business opportunities and transform capabilities into actions for improved entrepreneurial satisfaction outcomes. In summary, we suggest that small and mid-size startups can improve their entrepreneurial satisfaction outcomes by linking entrepreneurial competencies with entrepreneurial action process and competitive agility.
期刊介绍:
Global Business Review is designed to be a forum for the wider dissemination of current management and business practice and research drawn from around the globe but with an emphasis on Asian and Indian perspectives. An important feature is its cross-cultural and comparative approach. Multidisciplinary in nature and with a strong practical orientation, this refereed journal publishes surveys relating to and report significant developments in management practice drawn from business/commerce, the public and the private sector, and non-profit organisations. The journal also publishes articles which provide practical insights on doing business in India/Asia from local and global and macro and micro perspectives.