Building from resource-based view, this study developed a model of the dynamic capabilities strategy in an emerging market, especially with a particular focus on the new ventures. We generated hypotheses based on this framework, linking them with new venture performance, with the moderation role of environmental dynamism. We tested our hypotheses on a sample of new ventures in the context of China's Yangtze River Delta Region. Empirical results showed that environmental sensing capability and changing and renewal capability had significant impacts on new venture performance. Additionally, environmental sensing capability, and changing and renewal capability both had a stronger impact on new venture performance at higher levels of environmental dynamism. Implications and future research directions are considered.
Alon, Ilan; Jiao, Hao; Kwong, Koo Chun; and Cui, Yu, "The Moderating Effects of Environmental Dynamism on the Relationship between Dynamic Capabilities Strategy and New Venture Performance in an Emerging Market" (2013). Faculty Publications. 100.
Journal of Engineering and Technology Management