Pdf: DRMJ vol15 no01 2026-Clanek 06
Publication:
DOI:
10.17708/DRMJ.2026.v15n01a06
Author(s):
Excerpt:
This study investigates how firms in an emerging economy develop innovation capacity by integrating internal capabilities with external support, focusing on technological and market features, corporate foresight, big data analytics capability and government assistance in driving business model innovation. Survey data from 255 managers in Vietnamese firms were analyzed using partial least squares structural equation modeling to assess the relationships among these factors, corporate foresight, decision‐making process and business model innovation. The findings illustrate that technological and market features have a positive effect on corporate foresight, decision‐making process and facilitating business model innovation. Big data analytics capability is positively associated with decision‐making processes and innovation outcomes, while government is positively associated with business model innovation. Grounded in dynamic capability theory, the study clarifies how internal and external drivers jointly stimulate business model innovation in emerging markets and offers practical implications for managers and policymakers who seek to balance government support with sustained investments in foresight and data‐driven practices.
Pages:
111‐130
Keywords: