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Modelling competence acquisition in small firms

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  • Malin Malmström
  • Joakim Wincent

Abstract

Prior research has not given much attention to competence acquisition in small firms. In response, we developed a competence acquisition model in a sample of 842 small firms. We then tested the model through multiple regression analyses. The model acknowledges the influence of factors related to the entrepreneur, the business concept, and the small firm's existing competence based on how it acquires competence (whether it uses internal, social network, or market modes) and how this selection of modes of competence acquisition influences performance. In support of a contingency view, we find that certain antecedents seem to have different kinds of influence on the modes of competence acquisition in sub-samples characterised by different levels of internal organisational complexity and external environmental uncertainty. The influence of internal acquisition on firm performance is robust across the samples. We discuss the implications of our findings and suggest areas for future research.

Suggested Citation

  • Malin Malmström & Joakim Wincent, 2012. "Modelling competence acquisition in small firms," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 15(1/2), pages 131-158.
    • Handle: RePEc:ids:ijeima:v:15:y:2012:i:1/2:p:131-158
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    Cited by:

    1. Malin Malmström & Jeaneth Johansson & Joakim Wincent, 2015. "Cognitive Constructions of Low–Profit and High–Profit Business Models: A Repertory Grid Study of Serial Entrepreneurs," Entrepreneurship Theory and Practice, , vol. 39(5), pages 1083-1109, September.

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