International Journal of Research Studies in Management
CollabWritive Special Issue
2023 Volume 11 Issue 6
Available Online: 15 August 2023
Author/s:
Xing, Weichen
Graduate School, Lyceum of the Philippines University – Batangas, Philippines (97664304@qq.com)
Abstract:
The pursuit of green economic growth is becoming a strategic business opportunity for enterprises to respond to environmental market demand. An approach to development that strikes a balance between the natural environment and economic rewards is called green entrepreneurship, and it has garnered a lot of attention recently. This research analyzes three factors: green dynamic capability business model innovation, and new venture performance. Create a foundation for new venture performance that is both environmentally friendly and innovative. In this particular study, the results obtained from the questionnaire are analyzed and interpreted with the help of descriptive statistics. The survey was completed by over three hundred people, the majority of whom were founders, middle managers, and senior managers of new venture manufacturing companies. The data were examined descriptively, correlated, and regressed using SPSS analysis software, and they were studied empirically in order to establish in further detail the relationship between green dynamic capability, business model innovation, and new venture performance. According to the findings of the study, the respondents are in agreement with the significance of green environment adaptability, green resource integration capability, and organizational learning absorptive capability for green dynamic capability. The level of agreement between green environment adaptability and green dynamic capability is highest for the former, while the level of agreement between organizational learning absorptive capability and green resource integration capability is lowest for the latter. All of the respondents are in agreement that the performance of a new endeavor may be measured along three dimensions: financial performance, growth performance, and environmental performance. The level of agreement is lowest on the environmental performance, with the financial performance having the highest level of agreement. The performance of the new enterprise is significantly improved by a number of green dynamic capability, including each of those capabilities’ dimensions. That business model innovation and its aspects have a major beneficial impact on the new venture performance and that business model innovation can successfully contribute to the new venture performance is a statement that is supported by the evidence.
Keywords: green dynamic capabilities, business model innovation, new venture performance
DOI: https://doi.org/10.5861/ijrsm.2023.1074
Cite this article:
Xing, W. (2023). Green dynamic capability, business model innovation and new venture performance: Inputs to green manufacturing innovation framework. International Journal of Research Studies in Management, 11(6), 141-150. https://doi.org/10.5861/ijrsm.2023.1074