DYNAMIC CAPABILITIES AND BUSINESS PERFORMANCE: THE MEDIATING ROLE OF BUSINESS MODEL INNOVATION IN VIETNAMESE ENTERPRISES
DOI:
https://doi.org/10.18623/rvd.v22.n4.3689Keywords:
Dynamic Capabilities, Business Model Innovation, Firm Performance, Innovation, VietnamAbstract
This study examines how dynamic capabilities enhance firm performance, highlighting the mediating role of business model innovation (BMI) in Vietnamese enterprises. A mixed-methods approach was employed, combining qualitative interviews and a survey with 32 indicators. Data from 396 valid responses were analyzed using SPSS and AMOS to assess five dynamic capabilities: absorptive, technological, adaptive, innovative, and knowledge management. Results indicate that innovative capability is the strongest driver of BMI and firm performance. Technological and knowledge management capabilities also play significant roles in fostering adaptability and opportunity recognition. All five dynamic capabilities positively influence BMI, which in turn improves performance. The study extends dynamic capability theory by confirming the mediating effect of BMI and providing empirical evidence from the context of Vietnamese firms. The findings suggest that firms should integrate dynamic capabilities into their strategies to sustain innovation, flexibility, and competitiveness in rapidly changing technological environments. The scope is limited to Vietnamese firms and five specific capabilities; future research should broaden contexts and variables to enhance generalizability.
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