How Markets Influence Organizational Learning, Innovation And Business Success : A Study Of Smes In Ho Chi Minh City
Abstract
In recent years, entrepreneurial activities in Vietnam, particularly in Ho Chi Minh
City, have exploded. Local entrepreneurial firms, on the other hand, fail at an
alarming rate. Upon closer examination, we may conclude that the marketplaces to
which entrepreneurs are exposed may be responsible for business learning and
innovation, which in turn contribute significantly to the total entrepreneurial company
success. This research looks at the entrepreneurial ecosystem model and identifies the
causal link between markets, business learning, and innovation, as well as the
influence of these variables on entrepreneurial performance. First, the study tried to
adopt the frameworks from other studies and theories. Second, the proposed
framework is examined for the business sector in Ho Chi Minh city. The study was
carried out in the setting of Ho Chi Minh City, with the selected respondents being the
owners of small and medium-sized businesses. A survey methods was conducted to
collect data. The major data analysis was performed using the partial least squares
(PLS) technique. Then, it attempts to identify the key determinants and theirs effect
on entrepreneurial business success. As the results suggests, all the four factors
represents organizational learning, process innovation, product innovation, and
domestic markets have significant effects on entrepreneurial business success. The
results confirm the supports for 10 out of 12 hypotheses and uncover the key findings
on how entrepreneurs perceived their business success and the effect of contributing
factors. This research shows critical contribution for the literature of entrepreneurial
ecosystem and provides vital advice for the entrepreneurial organizational operating
in business sector in Ho Chi Minh city.