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| The Influence Mechanism of Entrepreneurship Learning on the Innovation Performance of Start-ups from the Perspective of Knowledge Acquisition:The Moderating Effect of Environmental Dynamicity |
| Xu Zhandong1,Liu Pengpei2,Yang Xuelei3,4 |
| (1.School of Management, Jiangsu University, Zhenjiang 212013, China;2. School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China;3. College of Economic and Business, Northeast Forestry University, Harbin 150040, China;4.College of Business Administration, South China University of Technology, Guangzhou 510640, China) |
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Abstract Innovation plays a pivotal role in driving economic and social development, and is instrumental in augmenting the value of enterprises. With the digital economy strategy rapidly developing, a significant number of start-ups have emerged, bringing continuous innovation in products and services and a rapid revolution in industrial practices in China. Young entrepreneurs who represent a particularly innovative cohort are enhancing the quality and scope of entrepreneurial activities. However, the average lifespan of small and medium-sized startups has dwindled from 3.5 years to 2.6 years in the wake of the COVID-19 pandemic. Entrepreneurial learning plays a crucial role in amassing knowledge and resources, empowering entrepreneurs to adeptly identify customer and market needs and foster sustainable entrepreneurial innovations. The effectiveness of acquiring entrepreneurial knowledge is significantly impacted by the adoption of an appropriate learning approach within the dynamic market environment. Therefore,start-ups must establish effective entrepreneurial learning and knowledge acquisition models to improve their ability to predict market changes and customer needs, and effectively promote innovative growth. Entrepreneurial learning does not always have a significant impact on the acquisition of entrepreneurial knowledge, and the learning strategies adopted by entrepreneurs must be tailored to the external environment. Thus, it can be inferred that a dynamic environment may serve as an important boundary condition that affects the relationship between entrepreneurial learning and entrepreneurial knowledge. In order to provide theoretical support for promoting sustainable innovation and growth in uncertain environments, this study aims to explore the relationship between entrepreneurial learning, knowledge acquisition, environmental dynamics, and innovation performance in new startups.#br#This study selects start-ups (surviving for 1-3 years) from 50 innovation and entrepreneurship incubation institutions in universities across China as the research observations. A total of 348 questionnaires are distributed to the founders and core managers of each new start-up, and after screening and sorting, 285 valid questionnaires are received with a response rate of 89.3%. Variables are measured using the Likert 5-point scoring method, with a score of 1 indicating complete inconsistency and a score of 5 indicating complete consistency. The study further constructs the multiple linear regression model, and makes the mediation and moderation analyses to examine the association among entrepreneurial learning, entrepreneurial knowledge, dynamic environment, and innovation performance.#br#Three key conclusions can be drawn from the study. Firstly, it is found that both entrepreneurial cognitive learning and practical learning have a discernible and favorable impact on the innovation performance of startups. However, when entrepreneurial knowledge is introduced as a mediating variable, it is observed that entrepreneurial explicit knowledge exerts a complete mediating effect between entrepreneurial learning and innovation performance, while entrepreneurial implicit knowledge also has a complete mediating effect. Furthermore, explicit entrepreneurial knowledge is found to have a greater influence on innovation performance than implicit knowledge. Secondly, both entrepreneurial cognitive learning and practical learning have a significant and constructive impact on entrepreneurial knowledge. However, it is verified that entrepreneurial cognitive learning has a more pronounced positive effect on entrepreneurial knowledge. Lastly, a dynamic environment is found to have a negative moderating effect on the relationship between entrepreneurial cognitive learning and entrepreneurial explicit knowledge, while it has a positive moderating effect on the link between entrepreneurial practical learning and entrepreneurial explicit knowledge. The moderating effect of the dynamic environment on entrepreneurial learning and implicit knowledge is found to be insignificant. Overall, the findings of this research indicate that the implementation of entrepreneurial learning programs positively impacts the innovation performance of emerging enterprises. It also highlights the importance of effectively combining entrepreneurial learning with the dynamic environment in order to acquire and internalize entrepreneurial knowledge, which in turn promotes innovation performance. These findings can inspire start-ups to identify and utilize resources and opportunities in a dynamic environment through entrepreneurial learning, effectively promoting the acquisition and integration of entrepreneurial knowledge and ultimately driving enterprise innovation.#br#
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Received: 10 August 2023
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