This study empirically examines the effects of startup entrepreneurs’ functional competencies on dynamic capabilities and business performance, based on an integrated framework of the Resource-Based View (RBV) and the Dynamic Capabilities (DC) persp...
This study empirically examines the effects of startup entrepreneurs’ functional competencies on dynamic capabilities and business performance, based on an integrated framework of the Resource-Based View (RBV) and the Dynamic Capabilities (DC) perspective. Entrepreneurs’ functional competencies are classified into four dimensions: organizing, networking, marketing, and technical competencies. These competencies are hypothesized to influence three components of dynamic capabilities-opportunity sensing, resource acquisition, and resource reconfiguration-which, in turn, are expected to impact business performance.
Data were collected through a structured survey of 303 Korean startups operating within their first seven years.
Structural equation modeling (SEM) was employed to analyze the causal relationships and mediation effects among the variables.
The analysis confirms that all four entrepreneurial competencies have significant positive effects on dynamic capabilities, and dynamic capabilities, in turn, significantly enhance business performance. Among the competencies, marketing competency had the strongest influence, while networking and technical competencies showed relatively weaker effects. Furthermore, dynamic capabilities were found to significantly mediate the relationship between entrepreneurial competencies and business performance.
This study contributes to theory by redefining startup entrepreneurs as VRIN/VRIO-type strategic human resources and empirically elucidating how their competencies translate into performance through dynamic capabilities. Practical implications are also offered for competency-based performance management strategies in early-stage startups.