Understanding dynamic capabilities in emerging technology markets: antecedents, sequential nature, and impact on innovation performance in the extended reality industry

IF 5 3区管理学 Q1 BUSINESS

European Journal of Innovation Management Pub Date : 2024-05-28 DOI:10.1108/ejim-07-2023-0574

Christian Zabel, Daniel O’Brien

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引用次数: 0

Abstract

Purpose

The purpose of this study is to empirically investigate the role of dynamic capabilities, specifically the sequence of sensing, seizing, and transforming capabilities, in highly uncertain, emerging technology environments. Focusing on the extended reality industry, the study aims to understand the antecedents to these dynamic capabilities, their sequential nature, and their subsequent impact on innovation and company performance.

Design/methodology/approach

Based on a survey of 130 German companies in the extended reality sector, we built a structural equation model that explores the relationship between dynamic capabilities, their antecedents, and their effect on innovation and company performance.

Findings

The analysis suggests that sensing capabilities positively influence seizing and transforming capabilities, while seizing directly contributes to transforming. Transforming capabilities are linked to improved innovation performance, which in turn boosts company performance. Organizational ambidexterity, market orientation, and technology orientation are found to be crucial antecedents, accounting for 33.1% of the variance in sensing capabilities.

Originality/value

This research illuminates the interdependence of dynamic capabilities in highly uncertain business environments, such as emerging technology markets. It contributes original insights by elucidating the sequential nature of dynamic capabilities and identifying their vital antecedents. It also enlarges the understanding of how dynamic capabilities impact firms’ innovation performance.

查看原文本刊更多论文

了解新兴技术市场的动态能力：扩展现实产业的前因、连续性及其对创新绩效的影响

目的本研究旨在通过实证研究动态能力的作用，特别是在高度不确定的新兴技术环境中，感知能力、把握能力和转化能力的顺序。基于对 130 家德国扩展现实行业公司的调查，我们建立了一个结构方程模型，以探讨动态能力、其前因及其对创新和公司业绩的影响之间的关系。研究结果分析表明，感知能力会积极影响把握能力和转型能力，而把握能力会直接促进转型能力。转型能力与创新绩效的提高有关，而创新绩效的提高又反过来促进了公司绩效的提高。研究发现，组织灵活性、市场导向和技术导向是至关重要的前因，占感知能力方差的 33.1%。原创性/价值这项研究阐明了在新兴技术市场等高度不确定的商业环境中动态能力之间的相互依存关系。它阐明了动态能力的连续性，并确定了其重要的前因，从而提出了独到的见解。它还扩大了人们对动态能力如何影响企业创新绩效的理解。

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来源期刊

European Journal of Innovation Management Multiple-

CiteScore

10.40

自引率

17.60%

发文量

107

期刊介绍： The subject of innovation is receiving increased interest both from companies because of their increased awareness of the impact of innovation in determining market success and also from the research community. Academics are increasingly beginning to place innovation as a priority area in their research agenda. This impetus has been partly fuelled by the Economic & Social Research Council (ESRC) who have designated innovation as one of nine research areas in their research initiative schemes.