Submitted:
02 April 2025
Posted:
07 April 2025
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Abstract
Keywords:
1. Introduction
2. Literature Review and Research Hypothesis
2.1. Literature Review
2.1.1. Dynamic Capability
2.1.2. Business Model Innovation
2.1.3. Sustainable Competitiveness
2.2. Research Hypothesis
2.2.1. The Impact of Dynamic Capability on Business Model Innovation
2.2.2. Business Model Innovation and Sustainable Competitiveness
2.2.3. Dynamic Capabilities and Sustainable Competitiveness
2.2.4. Business Model Innovation as a Mediator
3. Research Methodology
3.1. Sample Selection
3.2. Research Instrument
3.3. Variable Measurement
3.3.1. Dynamic Capability (DC)
3.3.2. Business Model Innovation (BMI)
3.3.3. Market Competitiveness (MC)
| Dimensions | Code | Item |
|---|---|---|
| Market Competitiveness |
MC1 | Firms' market share is growing faster. |
| MC2 | The company's customer satisfaction and loyalty are very high. | |
| MC3 | The company's products have a high market share in the target market. | |
| MC4 | Companies have the flexibility to adapt to rapidly changing markets and respond more quickly. | |
| Profit Capabilities |
PR1 | The production efficiency of the company is very high. |
| PR2 | The company has a high return on investment. | |
| PR3 | Enterprises can compare and Provide products or services to customers cheaply. | |
| PR4 | The company's sales are growing fast. | |
| Growth Capacity |
GC1 | Enterprises are better able to improve customer satisfaction |
| GC2 | Businesses are better able to attract new customers. | |
| GC3 | Companies were able to implement more employee suggestions than last year. | |
| GC4 | The top management team of the enterprise is relatively satisfied with the performance. | |
| GC5 | The average productivity of employees is higher than that of competitors. |
3.4. Data Collection
4. Research Results
4.1. Descriptive Statistical Analysis
4.2. Reliability Analysis
| Latent | Observed Variable | Items | Corrected Item-Total Correlation | Cronbach's Alpha if Item Deleted | Cronbach's alpha | Cronbach's Alpha (n=451) |
|---|---|---|---|---|---|---|
| DC | SC | SC1 | 0.719 | 0.859 | 0.884 | 0.945 |
| SC2 | 0.717 | 0.859 | ||||
| SC3 | 0.724 | 0.857 | ||||
| SC4 | 0.719 | 0.859 | ||||
| SC5 | 0.717 | 0.859 | ||||
| LC | LC1 | 0.722 | 0.861 | 0.886 | ||
| LC2 | 0.697 | 0.867 | ||||
| LC3 | 0.742 | 0.857 | ||||
| LC4 | 0.715 | 0.863 | ||||
| LC5 | 0.739 | 0.857 | ||||
| IC | IC1 | 0.678 | 0.865 | 0.881 | ||
| IC2 | 0.712 | 0.857 | ||||
| IC3 | 0.754 | 0.847 | ||||
| IC4 | 0.709 | 0.858 | ||||
| IC5 | 0.726 | 0.854 | ||||
| BMI | VPR | VPR1 | 0.698 | 0.698 | 0.859 | |
| VPR2 | 0.714 | 0.714 | ||||
| VPR3 | 0.731 | 0.731 | ||||
| VPR4 | 0.674 | 0.674 | ||||
| VCR | VCR1 | 0.768 | 0.768 | 0.893 | ||
| VCR2 | 0.722 | 0.722 | ||||
| VCR3 | 0.725 | 0.725 | ||||
| VCR4 | 0.724 | 0.724 | ||||
| VCR5 | 0.747 | 0.747 | ||||
| VCA | VCA1 | 0.702 | 0.76 | 0.833 | ||
| VCA2 | 0.687 | 0.774 | ||||
| VCA3 | 0.689 | 0.772 | ||||
| EC | MC | MC1 | 0.732 | 0.831 | 0.870 | |
| MC2 | 0.715 | 0.838 | ||||
| MC3 | 0.727 | 0.833 | ||||
| MC4 | 0.72 | 0.836 | ||||
| PC | PC1 | 0.709 | 0.796 | 0.848 | ||
| PC2 | 0.681 | 0.809 | ||||
| PC3 | 0.674 | 0.812 | ||||
| PC4 | 0.678 | 0.81 | ||||
| GC | GC1 | 0.704 | 0.842 | 0.871 | ||
| GC2 | 0.688 | 0.846 | ||||
| GC3 | 0.701 | 0.842 | ||||
| GC4 | 0.694 | 0.844 | ||||
| GC5 | 0.693 | 0.845 |
4.3. Convergence Factor Analysis (CFA)
4.4. Pearson's Correlation Analysis
4.5. Direct Effect Test
4.6. Mediating Effect Testing
5. Conclusions and Recommendations
5.1. Conclusions
5.2. Recommendations
5.2.1. Focus on Strengthening Dynamic Capabilities
5.2.2. Promote Business Model Innovation
5.2.3. Foster an Innovation - Driven Culture and Deepen Cooperation
5.3. Further Study
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
Appendix A
Appendix A.1
| N | Minimum | Maximum | Mean | Std. Deviation | Skewness | Kurtosis | |||
|---|---|---|---|---|---|---|---|---|---|
| Statistic | Statistic | Statistic | Statistic | Statistic | Statistic | Std. Error | Statistic | Std. Error | |
| SC1 | 451 | 1 | 5 | 3.4 | 1.145 | -0.214 | 0.115 | -0.902 | 0.229 |
| SC2 | 451 | 1 | 5 | 3.41 | 1.155 | -0.177 | 0.115 | -1.013 | 0.229 |
| SC3 | 451 | 1 | 5 | 3.43 | 1.19 | -0.246 | 0.115 | -1.07 | 0.229 |
| SC4 | 451 | 1 | 5 | 3.48 | 1.172 | -0.188 | 0.115 | -1.234 | 0.229 |
| SC5 | 451 | 1 | 5 | 3.44 | 1.188 | -0.248 | 0.115 | -1.054 | 0.229 |
| LC1 | 451 | 1 | 5 | 3.43 | 1.17 | -0.15 | 0.115 | -1.098 | 0.229 |
| LC2 | 451 | 1 | 5 | 3.38 | 1.169 | -0.179 | 0.115 | -1.006 | 0.229 |
| LC3 | 451 | 1 | 5 | 3.44 | 1.198 | -0.252 | 0.115 | -1.037 | 0.229 |
| LC4 | 451 | 1 | 5 | 3.4 | 1.176 | -0.241 | 0.115 | -1.031 | 0.229 |
| LC5 | 451 | 1 | 5 | 3.41 | 1.212 | -0.193 | 0.115 | -1.12 | 0.229 |
| IC1 | 451 | 1 | 5 | 3.41 | 1.165 | -0.195 | 0.115 | -0.995 | 0.229 |
| IC2 | 451 | 1 | 5 | 3.49 | 1.122 | -0.277 | 0.115 | -0.904 | 0.229 |
| IC3 | 451 | 1 | 5 | 3.43 | 1.199 | -0.244 | 0.115 | -1.053 | 0.229 |
| IC4 | 451 | 1 | 5 | 3.51 | 1.159 | -0.328 | 0.115 | -0.934 | 0.229 |
| IC5 | 451 | 1 | 5 | 3.47 | 1.167 | -0.248 | 0.115 | -1.028 | 0.229 |
| VPR1 | 451 | 1 | 5 | 3.42 | 1.158 | -0.186 | 0.115 | -1.042 | 0.229 |
| VPR2 | 451 | 1 | 5 | 3.44 | 1.15 | -0.185 | 0.115 | -1.111 | 0.229 |
| VPR3 | 451 | 1 | 5 | 3.4 | 1.181 | -0.237 | 0.115 | -1.028 | 0.229 |
| VPR4 | 451 | 1 | 5 | 3.49 | 1.18 | -0.282 | 0.115 | -1.06 | 0.229 |
| VCR1 | 451 | 1 | 5 | 3.43 | 1.241 | -0.227 | 0.115 | -1.177 | 0.229 |
| VCR2 | 451 | 1 | 5 | 3.45 | 1.185 | -0.203 | 0.115 | -1.081 | 0.229 |
| VCR3 | 451 | 1 | 5 | 3.47 | 1.208 | -0.257 | 0.115 | -1.046 | 0.229 |
| VCR4 | 451 | 1 | 5 | 3.47 | 1.18 | -0.19 | 0.115 | -1.097 | 0.229 |
| VCR5 | 451 | 1 | 5 | 3.41 | 1.216 | -0.205 | 0.115 | -1.155 | 0.229 |
| VCA1 | 451 | 1 | 5 | 3.51 | 1.204 | -0.358 | 0.115 | -0.999 | 0.229 |
| VCA2 | 451 | 1 | 5 | 3.46 | 1.178 | -0.246 | 0.115 | -1.052 | 0.229 |
| VCA3 | 451 | 1 | 5 | 3.48 | 1.193 | -0.255 | 0.115 | -1.086 | 0.229 |
| MC1 | 451 | 1 | 5 | 3.29 | 1.264 | -0.076 | 0.115 | -1.198 | 0.229 |
| MC2 | 451 | 1 | 5 | 3.42 | 1.217 | -0.225 | 0.115 | -1.078 | 0.229 |
| MC3 | 451 | 1 | 5 | 3.37 | 1.239 | -0.178 | 0.115 | -1.12 | 0.229 |
| MC4 | 451 | 1 | 5 | 3.34 | 1.191 | -0.097 | 0.115 | -1.089 | 0.229 |
| PC1 | 451 | 1 | 5 | 3.32 | 1.178 | -0.134 | 0.115 | -1.079 | 0.229 |
| PC2 | 451 | 1 | 5 | 3.42 | 1.153 | -0.232 | 0.115 | -0.936 | 0.229 |
| PC3 | 451 | 1 | 5 | 3.36 | 1.167 | -0.098 | 0.115 | -1.075 | 0.229 |
| PC4 | 451 | 1 | 5 | 3.44 | 1.146 | -0.238 | 0.115 | -0.982 | 0.229 |
| PC1 | 451 | 1 | 5 | 3.46 | 1.159 | -0.267 | 0.115 | -0.981 | 0.229 |
| GC2 | 451 | 1 | 5 | 3.49 | 1.167 | -0.332 | 0.115 | -0.949 | 0.229 |
| GC3 | 451 | 1 | 5 | 3.48 | 1.165 | -0.301 | 0.115 | -1.046 | 0.229 |
| GC4 | 451 | 1 | 5 | 3.48 | 1.144 | -0.261 | 0.115 | -0.964 | 0.229 |
| GC5 | 451 | 1 | 5 | 3.43 | 1.122 | -0.272 | 0.115 | -0.901 | 0.229 |
| Valid N (listwise) | 451 | ||||||||
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| 1 | |
| 2 |


| Dimensions | Code | Item |
|---|---|---|
| Sensing Capability (SC) |
SC1 | Our company can quickly scan the environment for new opportunities. |
| SC2 | Our company can quickly detect changes in customer preferences and needs. | |
| SC3 | Our company is quick to react to competitors' moves. | |
| SC4 | Our company has a more accurate understanding of the industry's current situation and development trends. | |
| SC5 | Our management often discusses and communicates changes in the external environment of the enterprise. | |
| Learning Capability (DC) |
LC1 | Our company can understand and master all kinds of information on time. |
| LC2 | Our company can timely identify the changes caused by new information and knowledge. | |
| LC3 | Our company can integrate new technologies we already know with other technologies. | |
| LC4 | Our management requires periodical cross-departmental meetings to discuss new developments, problems, and achievements. | |
| LC5 | Our management emphasizes cross-departmental support to solve problems. | |
| Integration Capability (IC) |
IC1 | Our company has a high degree of coordination between different departments and teams in the enterprise. |
| IC2 | Our company can adjust its strategies according to environmental changes. | |
| IC3 | Our company can constantly adjust resource allocation according to environmental changes. | |
| IC4 | Our company can quickly integrate and share new information and knowledge within the enterprise. | |
| IC5 | Our company constantly optimizes core resources to highlight competitive advantages. |
| Dimensions | Code | Item |
| Value Proposition |
VPR1 | Our company provides customers with high-quality products. |
| VPR2 | Flexibility in providing our service is a key priority. | |
| VPR3 | We assess our customer's perceived value periodically. | |
| VPR4 | A significant part of our value proposition is to support customer value creation. | |
| Value Creation |
VCR1 | The company emphasizes transaction simplicity to reduce mistakes. |
| VCR2 | Our customers are familiar with our transactions. | |
| VCR3 | The company delivers effective and efficient offers. | |
| VCR4 | We possess valuable resources that meet customer needs at reasonable costs. | |
| VCR5 | Our customers are satisfied with the value we provide. | |
| Value Capture |
VCA1 | Product quality is a critical factor in our production process to capture value. |
| VCA2 | Our expanding market share increases our value capture. | |
| VCA3 | The companies can increase their revenue or reduce business costs in new ways. |
| Path Relationship | Estimate | Cronbach's alpha | C.R. | AVE | ||
|---|---|---|---|---|---|---|
| SC1 | <--- | Sensing Capability | 0.774 | 0.884 | 0.883 | 0.603 |
| SC2 | <--- | Sensing Capability | 0.767 | |||
| SC3 | <--- | Sensing Capability | 0.786 | |||
| SC4 | <--- | Sensing Capability | 0.779 | |||
| SC5 | <--- | Sensing Capability | 0.775 | |||
| LC1 | <--- | Learning Capability | 0.782 | 0.886 | 0.886 | 0.608 |
| LC2 | <--- | Learning Capability | 0.756 | |||
| LC3 | <--- | Learning Capability | 0.797 | |||
| LC4 | <--- | Learning Capability | 0.770 | |||
| LC5 | <--- | Learning Capability | 0.793 | |||
| IC1 | <--- | Integration Capability | 0.731 | 0.881 | 0.882 | 0.599 |
| IC2 | <--- | Integration Capability | 0.767 | |||
| IC3 | <--- | Integration Capability | 0.821 | |||
| IC4 | <--- | Integration Capability | 0.756 | |||
| IC5 | <--- | Integration Capability | 0.792 | |||
| x2/df | RMSEA | GFI | NFI | RFI | IFI | TLI | CFI | |
|---|---|---|---|---|---|---|---|---|
| 1.879 | 0.044 | 0.948 | 0.958 | 0.949 | 0.980 | 0.975 | 0.980 | |
| Acceptable fit | <8 | <.05 | >.90 | >.90 | >.90 | >.90 | >.90 | >.90 |
| Path Relationship | Estimate | ||
|---|---|---|---|
| Sensing Capability | <--- | Dynamic Capability | 0.766 |
| Learning Capability | <--- | Dynamic Capability | 0.802 |
| Integration Capability | <--- | Dynamic Capability | 0.771 |
| Path Relationship | Estimate | Cronbach's alpha | C.R. | AVE | ||
|---|---|---|---|---|---|---|
| VPR1 | <--- | Value Proposition | 0.771 | 0.859 | 0.860 | 0.605 |
| VPR2 | <--- | Value Proposition | 0.783 | |||
| VPR3 | <--- | Value Proposition | 0.808 | |||
| VPR4 | <--- | Value Proposition | 0.748 | |||
| VCR1 | <--- | Value Creation | 0.830 | 0.893 | 0.893 | 0.625 |
| VCR2 | <--- | Value Creation | 0.768 | |||
| VCR3 | <--- | Value Creation | 0.779 | |||
| VCR4 | <--- | Value Creation | 0.782 | |||
| VCR5 | <--- | Value Creation | 0.793 | |||
| VCA1 | <--- | Value Capture | 0.801 | 0.833 | 0.833 | 0.624 |
| VCA2 | <--- | Value Capture | 0.783 | |||
| VCA3 | <--- | Value Capture | 0.786 | |||
| x2/df | RMSEA | GFI | NFI | RFI | IFI | TLI | CFI | |
|---|---|---|---|---|---|---|---|---|
| 1.692 | 0.039 | 0.967 | 0.971 | 0.962 | 0.988 | 0.984 | 0.988 | |
| Acceptable fit | <8 | <.05 | >.90 | >.90 | >.90 | >.90 | >.90 | >.90 |
| Path Relationship | Estimate | ||
|---|---|---|---|
| Value Proposition | <--- | Business Model Innovation | 0.782 |
| Value Creation | <--- | Business Model Innovation | 0.821 |
| Value Capture | <--- | Business Model Innovation | 0.746 |
| Path Relationship | Estimate | Cronbach's alpha | C.R. | AVE | ||
|---|---|---|---|---|---|---|
| MC1 | <--- | Marketing Competitiveness | 0.816 | 0.870 | 0.870 | 0.627 |
| MC2 | <--- | Marketing Competitiveness | 0.776 | |||
| MC3 | <--- | Marketing Competitiveness | 0.793 | |||
| MC4 | <--- | Marketing Competitiveness | 0.781 | |||
| PC1 | <--- | Profit Capability | 0.796 | 0.848 | 0.848 | 0.582 |
| PC2 | <--- | Profit Capability | 0.749 | |||
| PC3 | <--- | Profit Capability | 0.762 | |||
| PC4 | <--- | Profit Capability | 0.744 | |||
| GC1 | <--- | Growth Capacity | 0.767 | 0.871 | 0.871 | 0.574 |
| GC2 | <--- | Growth Capacity | 0.754 | |||
| GC3 | <--- | Growth Capacity | 0.760 | |||
| GC4 | <--- | Growth Capacity | 0.755 | |||
| GC5 | <--- | Growth Capacity | 0.753 | |||
| x2/df | RMSEA | GFI | NFI | RFI | IFI | TLI | CFI | |
|---|---|---|---|---|---|---|---|---|
| 1.782 | 0.042 | 0.961 | 0.963 | 0.954 | 0.984 | 0.979 | 0.984 | |
| Acceptable fit | <8 | <.05 | >.90 | >.90 | >.90 | >.90 | >.90 | >.90 |
| Path Relationship | Estimate | ||
|---|---|---|---|
| Marketing Competitiveness | <--- | Enterprise Competitiveness | 0.788 |
| Profit Capability | <--- | Enterprise Competitiveness | 0.765 |
| Growth Capacity | <--- | Enterprise Competitiveness | 0.760 |
| AVE | SC | LC | IC | VPR | VCR | VCA | MC | PC | GC | |
|---|---|---|---|---|---|---|---|---|---|---|
| SC | 0.603 | 0.777 | ||||||||
| LC | 0.608 | .545** | 0.780 | |||||||
| IC | 0.599 | .521** | .549** | 0.774 | ||||||
| VPR | 0.605 | .320** | .343** | .398** | 0.778 | |||||
| VCR | 0.625 | .346** | .318** | .393** | .564** | 0.790 | ||||
| VCA | 0.624 | .278** | .372** | .321** | .495** | .528** | 0.790 | |||
| MC | 0.627 | .322** | .376** | .330** | .372** | .364** | .365** | 0.792 | ||
| PC | 0.582 | .331** | .393** | .348** | .329** | .392** | .314** | .516** | 0.763 | |
| GC | 0.574 | .303** | .344** | .314** | .306** | .322** | .308** | .521** | .498** | 0.758 |
| fit index | The standard or critical value | Observed value |
| Absolute fit index | ||
| x2/df (Chi-square) | Between 1 to 3 | 1.257 |
| RMSEA | <0.5 | 0.024 |
| Relative fit index | ||
| GFI (Goodness-of-Fit Index) | >0.9 | 0.907 |
| NFI (Normed Fit Index) | >0.9 | 0.915 |
| RFI (Relative Fit Index) | >0.9 | 0.909 |
| IFI (Incremental Fit Index) | >0.9 | 0.981 |
| TLI (Tucker-Lewis Index) | >0.9 | 0.980 |
| CFI (Comparative Fit Index) | >0.9 | 0.981 |
| Path Relationship | Estimate | S.E. | C.R. | P | Standardized Regression Weights | ||
|---|---|---|---|---|---|---|---|
| BMI | <--- | DC | 0.135 | 0.014 | 9.322 | *** | 0.642 |
| EC | <--- | BMI | 0.436 | 0.086 | 5.073 | *** | 0.406 |
| EC | <--- | DC | 0.088 | 0.018 | 4.883 | *** | 0.390 |
| Path | Estimate | Lower | Upper | P |
|---|---|---|---|---|
| DC-BMI-EC Mediating effect | 0.158 | 0.114 | 0.209 | 0.00 |
| DC-EC Total Effect | 0.464 | 0.391 | 0.531 | 0.00 |
| Ratio | 0.34 | 0.24 | 0.465 | 0.00 |
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