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Journal Article
Effect of Opportunity Seizing Capability on New Market Development and Small and Medium-sized Enterprise Performance: Role of Environmental Uncertainty in the IT Industry
- Authors
- Sujin Min, Juseong Kim
- Issue Date
- 2022-06
- Citation
- Asia Pacific Management Review, v.27, no.2, pp.69-79
- ISSN
- 1029-3132
- Publisher
- National Cheng Kung University
- Language
- English
- Type
- Journal Article
- Abstract
- With the rapid evolution of technologies and markets in the IT industry, it is especially crucial for small and medium-sized enterprises (SMEs) in the IT sector to possess the dynamic capability of seizing opportunities. This paper adopts the concept of ?쐎pportunity?뱒eizing capability (OSC)?? from the perspective of dynamic capability, and investigates its impact on relative firm performance via new market development. Furthermore, we examine whether environmental uncertainty influences the effect of a firm's OSC. Our hierarchical ordinary least squares regression results obtained using the data of 215 IT SMEs indicate that new market development is an important link between a firm's OSC and relative performance. The positive effect of a firm's OSC on new market development is stronger under a highly uncertain business environment. The findings indicate that enhancing an IT SME's OSC is crucial for its survival, particularly under an uncertain business environment.
- KSP Keywords
- Business Environment, Dynamic capabilities, Enterprise performance, Environmental uncertainty, Firm Performance, IT SME, IT industry, IT sector, Least Squares(LS), Market development, Ordinary Least Squares Regression
This work is distributed under the term of Creative Commons License (CCL)
(CC BY NC ND)
(CC BY NC ND)
