THE EFFECT OF DYNAMIC CAPABILITIES AND ENTREPRENEURIAL DECISION-MAKING ON THE ENGAGEMENT OF STARTUPS IN PUBLIC POLICIES FOR INNOVATION AND ENTREPRENEURSHIP

Abstract

Study objective: This research sought to understand and identify the effect of dynamic capabilities and entrepreneurial decision-making in the engagement of knowledge-intensive companies in a regional public policy to foster innovation and entrepreneurship. Methodology / approach: To achieve this objective, forty-six questionnaires were applied to startups participating in a regional public policy to foster innovation. The results were treated through Factor Analysis and ANOVA. Originality / Relevance: This research aims to contribute to the literature by seeking to understand how dynamic capabilities and entrepreneurial decision-making impact the engagement of knowledge-intensive companies in a regional public policy to foster innovation and entrepreneurship. Main results: It was possible to conclude that, after participating in the regional innovation public policy, the startups with greater engagement were influenced by their levels of entrepreneurial decision-making and by their global capacity to innovate: i) Causation & Effectuation and ii) Innovative Capacity. Theoretical-methodological contributions: The study conducts research in a program to foster innovation at the regional level, seeking to understand how dynamic capabilities impact the development of startups and companies that participated in this program. Managerial / social contributions: These results point to the fact that startups that have further developed their entrepreneurial skills, notably in decisions related to balancing the risks of the innovative process and that focused on their general capabilities to innovate, were more engaged in the journey proposed for them by the public policy studied.