Effect of opportunity seizing capability on new market development and small and medium-sized enterprise performance: Role of environmental uncertainty in the IT industry

Min, Sujin; Kim, Juseong

doi:10.1016/j.apmrv.2021.05.004

Cited by 29 publications

(19 citation statements)

References 57 publications

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“…In addition, MC reflecting managers' reasoning and problem-solving ability was measured using four items adapted from Helfat & Peteraf [ 60 ]. The measures of FFF OSC were adapted from validated elements in existing literature [ 10 ]. The constructs refer to the firm ability to quickly analyze information and make effective decisions, combine, and allocate resources, develop new knowledge, integrate new resources and technologies, and proactivity in mobilizing financial and technical resources.…”

Section: Methodsmentioning

confidence: 99%

“…This study focuses on established fish farming firms' capabilities to seize local market opportunities derived from market change. It is established that a firm may successfully detect or discover an opportunity but fail in trying to seize it due to a lack of strategic action [ 10 ]. Local market OSC is a source of superior performance.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…Local fish farmed market, particularly in Benin, is characterized by an increasing change in demand, hence a growing market opportunity for fish farming. Literature stresses that firm opportunities seizing capability (OSC) is a source of competitive advantage and superior performance [ 9 , 10 ]. However, fish farmers are struggling to take advantage of available local market opportunities.…”

Section: Introductionmentioning

confidence: 99%

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Market opportunities seizing capability and fish farming firm performance: A dynamic managerial capability perspective

Houessou,

Aoudji,

Biaou

et al. 2023

Heliyon

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Section: Methodsmentioning

confidence: 99%

Section: Theoretical Backgroundmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Market opportunities seizing capability and fish farming firm performance: A dynamic managerial capability perspective

Houessou,

Aoudji,

Biaou

et al. 2023

Heliyon

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“…The measurement of enterprise diversification can make managers understand the dispersion of enterprise diversification funds clearly to make the most effective strategic deployment. At present, the commonly used diversification measurement methods are Herfindahl–Hirschman Index (HDI) and entropy measurement method (EDI; Min and Kim, 2021 ).…”

Section: Entrepreneurship and The Establishment Of The Media Diversif...mentioning

confidence: 99%

The Influence of Media Diversification Model and Entrepreneurship on Enterprise Financial Performance Under the Environment of Sustainable Development

Lou

Zhu

2022

Front. Psychol.

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Market competition is intensifying. The necessity and path of adopting the diversified management model in the media industry are explored to delve into the influence of the media diversification model and entrepreneurship on enterprise financial performance. Besides, the relevant theories such as the media diversification model and entrepreneurial spirit are expounded. Furthermore, Time Publishing & Media is taken as the representative of the media diversification model. Finally, the influence of entrepreneurship on financial performance is discussed regarding entrepreneurship in the Yangtze River Delta as the research object. The profitability, solvency, and operation ability of Time Publishing & Media are analyzed. It is found that there are problems in the profitability and operation ability of Time Publishing & Media. The solvency is good, and the risk of debt repayment is low. As a result, a diversified management model may not have a positive impact on enterprise performance. In addition, the entrepreneurial spirit of the Yangtze River Delta is studied, and the results reveal that the F values from 2017 to 2019 are about 66.24, 10.78, and 60.39, respectively, with a significance of 0.00. It implies that the stronger the entrepreneur’s ability to take risks, the better the financial performance of the enterprise, but the risk should be appropriate. Therefore, the research on the influence of the media diversification model and entrepreneurship on the financial performance of enterprises in the environment of sustainable development has guided significance for enterprises to improve their business performance and market competitiveness.

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“…Creating new market space refers to discovery of new industries, product and service categories and customer segments in which the firm has not yet been active, or that do not as yet exist to create a winning value curve (Kim and Mauborgne, 2005; Omezzine and Freitas, 2022). In this regard, researchers and managers have focused on examining the critical drivers of creating new market space (Bustamante et al , 2021; Min and Kim, 2022; Schweitzer et al , 2020). These drivers involve public procurement, opportunity seizing capability, a well-designed business model and strategic planning, technological exaptation, information processing style (rational and intuitive), to name just a few.…”

Section: Introductionmentioning

confidence: 99%

The relationships among the logic of value innovation, strategic decisions and market-driven factors

Şentürk

Özkan

2023

JBIM

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Purpose The logic of value innovation has received increased attention in the strategic marketing and innovation literature. Studies investigating how value innovation, as a firm’s strategic mindset, contributes to creating new market space through more proximal market-driven factors such as strategic decisions and customer value are still lacking, nevertheless. This study aim to investigate how the logic of value innovation influences creating new market space through quantum strategy and customer value creation. Design/methodology/approach Survey data from a sample of 204 manufacturing and service firms was used to test the conceptual model and research hypotheses. The data were analyzed using structural equation modeling. Findings The findings reveal the direct and indirect effect of value innovation logic on the new market space through the mediation of quantum strategy and customer value creation. Besides, this study shows that quantum strategy does not directly contribute to customer value creation. A reason is that the quantum strategy as a both/and strategy is the more dominating factor in creating new market space. Originality/value There is still a lack of a systematic understanding of how value innovation, as a firm’s strategic mindset, contribute to creating new market space through a firm’s strategic choices and superior customer value creation, as more proximal market-driven factors. This study empirically attempted to address this research problem. This study contributes to the strategic marketing literature by providing a model for the interwoven relationships between value innovation, quantum strategy, customer value and new market space.

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Effect of opportunity seizing capability on new market development and small and medium-sized enterprise performance: Role of environmental uncertainty in the IT industry

Cited by 29 publications

References 57 publications

Market opportunities seizing capability and fish farming firm performance: A dynamic managerial capability perspective

Market opportunities seizing capability and fish farming firm performance: A dynamic managerial capability perspective

The Influence of Media Diversification Model and Entrepreneurship on Enterprise Financial Performance Under the Environment of Sustainable Development

The relationships among the logic of value innovation, strategic decisions and market-driven factors

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