Research On Entrepreneurial Innovation Behavior And Performance

A nation's innovation rests primarily on enterprises, whose innovation is to a great extent determined by the quality of entrepreneurs. It can be seen that, however, majority of studies focus on the external innovation subject such as institute and financial institution from the view of "pluralism". Research shows that, an enterprise is the main body of technological innovation, meanwhile entrepreneurs are original propellants of technological innovation activities. This paper studies the driving force of technological innovation, the innovation of business model and the entrepreneurial behavior of acquiring relational capability from the views of entrepreneurship theory and economic rent theory, giving prominence to the role of entrepreneurs. Then, this paper explores the impact of those three types of behavior on enterprises' performance.With the change of growth mechanism of enterprises, the enterprises obtain not only endogenous economic rents, but also exogenous relationship rents. The purpose of the entrepreneurs adopting technological innovation behavior, the innovation behavior of business model and the behavior of acquiring relational capability is obtaining the competitive advantages, which reflects the excess profits of the enterprises (economic rents).According to a lot of literature about the rent theory and the technological innovation theory, written by the representative scholars from the Austrian School, entrepreneurs' acuity, private relation networks, risk preferences and tolerance of uncertainty, respectively impact the process of entrepreneurs' decision-making in technological innovation. They further pointed out the entrepreneur's technological innovation dynamic mechanism: for pursuing and realizing Schumpeterian rents, the entrepreneurs make the technological innovation behavior dynamic and continuous. Since the 20th century, entrepreneurs' main contribution to business model innovation is greater than to technological innovation, and the characteristics of the entrepreneurs' five traits include the ability discover opportunities, the ability to integrate resources, the ability to allocate resources, the ability to bear the risks and uncertainties and demand for entrepreneurial achievements are the influential factors of the innovation of business model. Entrepreneurial business model innovation's dynamic mechanism can be summed up as follows: to pursue and realize Schumpeterian rents, entrepreneurs follow the business model: "build-deconstruct-rebuild", which is a cycle of evolution, making enterprise system constantly changing from one orderly state to another status with a higher degree of order. related literature shows that the ability to identify the relationship between entrepreneurs, the spirit of cooperation, the sensitivity to the cost of the relationship, as well as the external oriented of accessing to enterprise resource have an impact on the decision-making process of obtaining the ability of the relationship between entrepreneurs respectively, the former three factors are entrepreneurs' own characteristics, and the external-oriented acquisition of resources is involved in the enterprises' actual situation. Entrepreneurs obtain the rent of relationship by the behavior of obtaining the ability of the relationship, along "the enterprise network-acquisition and absorption of the complementary resource-achieve the rent of the relationship", a progressively spiral path, implementing the change from the pursuit of heterogeneity of internal resources, to the pursuit of ability to integrate external resources, to build a corporate network, which is a dynamic mechanism of the access to the rent of the relationship between entrepreneurs. The construction of the enterprise network is a long-term, complex, dynamic process full of competition and collaboration. The measures of enterprise's network presents as four dimensions: the intensity of the relationship, network's size, network's range, the quality of the relationship.By studying and improving the test scales of the PSED and the GEM, this paper designs four questionnaires with good reliability and validity by using Likert 5 scale, surveying all aspects of the entrepreneurial innovation behaviors. What's more, this paper conducts an empirical analysis on the relations among the entrepreneurial technological innovation behavior, the innovation behavior of entrepreneurial business model, the behavior of acquiring relational capability, the formation of the enterprise network and corporate performance by the means of SEM and multiple linear regression. The results are as follows. In technological innovation, entrepreneurs' acuity variable has a significant positive correlation with technological innovation behavior variable, and with a significant positive correlation of technological innovation performance variables, tolerance of uncertainty and risk preference are prominently inter-related with technological innovation behavior. Personal network of entrepreneurs and technological innovation performance is significantly related. However, we have not found any evidence that tolerance of uncertainty and risk preference have positive correlation with technological innovation performance, personal network with technological innovation behavior.In business model innovation, entrepreneurs' ability to discover opportunities and burden with risks and uncertainties, respectively have an obviously positive impact on Entrepreneurs' behavior of business model innovation, and innovation behavior has an obviously positive impact on performance. So it proves that the innovation behavior can realize the acquisition of the economic rents.In the relations among the entrepreneurial behavior of acquiring relational capability, enterprise network and corporate performance, entrepreneurs' acceptance, entrepreneurs' spirit of cooperation, entrepreneurs' sensitivity to relational cost, and the external-oriented acquisition all have a significant impact on entrepreneurs' behavior of acquiring relationship rents. In addition, the establishment of enterprise network has a positive impact on obtaining excess profits and improving enterprises' performance. There are different correlations between each dimension of enterprise network and enterprises' performance: the dimension of relationship quality has the greatest impact on enterprises' performance, followed by the dimension of relationship intensity. Network range has a weak impact on enterprises' performance, and the impact of network scale on enterprises' performance is not clear. It is shown that, the relational dimension of enterprise network plays a more significant role on enterprises' performance than the structural dimension, which verifies the dynamic mechanism of the entrepreneurial behavior of acquiring relational capability.