Online entrepreneurs are both owners and workers. Their performances reflect their business performance. Since operating online, the level of competition is quite high. Consumers are also more knowledgable. Being exposed to other countries' social-culture, their demand, taste, and preferences are affected. Thus, it is expected that online entrepreneurs need to adapt to changes in the environment if they want to survive and gain advantages. So, doesn't this mean that online entrepreneurs must possess dynamic capability too, albeit not as complex as large corporations? Online entrepreneurs still need to seize opportunities, learn and make improvement, coordinate and collaborate with suppliers and dropship agents, and integrate their business operation with ICT. Aren't these elements of dynamic capability? So, can we measure the dynamic capability of online entrepreneurs?
Dear Dewi-Izzwi,
Entrepreneurship of business activities conducted individually, i.e. in the microeconomic approach can be analyzed in the context of diagnosed trends in the development of internet business, in the national or global approach, by sector, industry, etc. for the average economic activity diagnosed for previous months, quarters and years. The dynamic approach can be examined in the context of development trends of certain key determinants of the development of internet business, e-commerce, online banking, e-logistics, viral marketing implemented primarily on social media portals, entrepreneur's activity in new online media, promoting internet business on social media portals , developing a business website, using external non-bank online sources of business financing and developing business contacts through specialized internet databases of business entities. The key research issue is the analysis of the increase in the share of specific products and services in the online sales market against the background of the growth of the entire sales sector of a given range, taking into account only the e-commerce segment and overall sales, i.e. online and traditional sales of specific products or services in the national, regional or global.
Best regards,
Dariusz Prokopowicz
Dear Dewi-Izzwi AM ,
I think this question is not precise, what does it mean dynamic capability for online entrepreneurs? Do you mean capability for development of their business or capability for changes? When you decide about the context then also the method and scale of measure will be clear for you. Maybe is easier to first analyse some case study and on this basis draw a scope of the research which Dariusz Prokopowicz mentioned in his answer?
Dewi-Izzwi AM
I concur with Adam Sulich and Dariusz Prokopowicz
Dynamic capabilities as a concept - Teece & Pisano - is a broad concept. You need to drill it down to one or two measurable variables. In modern parlance, you could use different elements of a "business model." Ability to change; 1) customers; 2) value proposition; 3) channels to market; 4) revenue model etc.,
Dewi-Izzwi, given that Teece et al.'s (1997) notion of 'dynamic capabilities' highlights a range of both internally and externally located competencies that an organisation can try to reconfigure so as to effectively and efficiently deal with the potential adversities caused to their operational viability by changing environments, it would not be far fetched to associate such aspects and their measurement to entrepreneurs at the individual level. This could be done on the basis that these individuals may possess a set of competencies, including resources, that could be identified and measured to ascertain the extent to which these may adequately deal with internal and external shocks to operational efficiency and viability. Interesting question...
John Mendy , Dariusz Prokopowicz , Adam Sulich , Kheepe Lawrence Moremi : Thank you for your feedback. I will consider them. I am looking from capability (extension of RBV theory) perspective. As dynamic capability is argued to explain firms' performance differences, most research's unit of analysis was organization. Since online entrepreneurs cannot be disassociated from their business, I propose that the dynamic capability of online entrepreneurs can be studied (but not as complex as large organizations).
Collecting information and consumers' behavior online, but not familiar with external government policies, decrees, crises, risks, no specialized personnel to interpret information, and put forward the impact on the enterprise and response measures. Lose control individual level of a governmental domain, market development opportunities, and master creative benefits.
The proof of online entrepreneurs' dynamics is in the pudding. As you can see, the internet is the most dynamic environment, and those who arrive at it and prosper there are those with dynamic capabilities in practice. At the individual level, interviews, surveys, videos or analytics can be used to assess and answer academic questions.
Entrepreneurs must manage ESG refers to Environment, Social and Governance for the future of enterprises, and must keep these three operating benchmarks, in order to be recognized by shareholders, brands, and consumers in the market. Individual metrics that are dynamically operated by enterprises can be used in the Du Pont Formula mode to deal with individual tiers.
interesting question. Since we focus on online entrepreneurs (startuppers, freelancers, owners) and generally they are behaving alone or within a very small group of people, so we have to adapt the dynamic capabilities, originally conceived for firms, to individuals. To be sure of their applicability at the individual level, we need to make interviews with them. then, we conduct a survey to explore the phenomenon and validate the adapted scale of dynamic capabilities.
It spoils the teacher-student relationship. Teachers play vital role in character and career building particularly country like India and African countries. Sitting before the laps and developing a dormant character cannot be tolerated. The best purpose of education is live harmoniously. Live and let others live
When traditional tools in the past have been unable to grasp on line educational programs, the authorities will generate the same demand as the campus, that is, the need to seek efficient technology supervision tools, and make good use of these new technologies to solve old problems, which is another definition of remote management.
A thoughtful discussion on the concept of dynamic capabilities; I concur with John Mendy, Dariusz Prokopowicz, Adam Sulich, Kheepe Lawrence Moremi, Wassim J. ALOULOU who have given us the much-needed insight on the subject. An interesting piece Dewi-Izzwi AM
The QR code system has been successfully assisting process-outcome dimension in some of the enterprises, the data goes through from bottom to top as easy as the request of speed and correct. In other words, the DT (data technology) is important than both IT and OT.
Have a look at
Article DYNAMIC MANAGERIAL CAPABILITIES, COMPETITIVE ADVANTAGE AND B...
The QR code is a popular tool for electronic commerce, a powerful protocol of online-merge-offline (OMO) will be the dynamic capability measurement for online entrepreneurs.
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