Do Entrepreneurial Competencies Impact Competitive Agility and Entrepreneurial Satisfaction? Evidence from Startups in South Korea

IF 2.3 Q3 BUSINESS Global Business Review Pub Date : 2024-06-21 DOI:10.1177/09721509241260365
Byeonghwa Park, Kihyun Kim, Sahrok Kim, Yongpil Geum
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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.
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创业能力影响竞争敏捷性和创业满意度吗?来自韩国初创企业的证据
本研究探讨了在竞争激烈的韩国商业环境中,创业能力对初创企业竞争敏捷性和创业满意度的影响。研究采用了一个基于资源观的框架,对影响初创企业绩效的资源、能力和流程进行了分析,并考虑了信息技术能力、机遇能力和竞争敏捷性等重要驱动因素。研究强调,创业成功不应仅局限于财务指标,年轻初创企业的创业满意度也至关重要。研究采用结构方程模型分析了 638 家获得政府支持的韩国初创企业的数据。结果表明,信息技术能力和机会能力对竞争敏捷性有正向影响。信息技术能力对机会能力有积极影响。此外,竞争敏捷性和机会能力对创业满意度也有积极影响。此外,竞争敏捷性还能调节机会能力与创业满意度之间的正相关关系。研究得出结论,初创企业要想取得成功,就必须以敏捷的方式调整创业能力,扫描市场环境,抓住商机,并将能力转化为行动,从而提高创业满意度。总之,我们认为,中小型初创企业可以通过将创业能力与创业行动过程和竞争敏捷性联系起来,提高创业满意度。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.10
自引率
12.50%
发文量
107
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.
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