Research On Concept And Measure Of Autotelic Capabilities Of International New Ventures And Their Impacts On Firms’ Competitive Advantages

With the development of internet and economic globalization， more and more firmstake full advantage of the resource and market all over the world.These internationalnew ventures（INVs） have to be confronted with changing environment，poorresource，and short money and so on.How to survive in this condition is important forthese firms. They must have such abilities handling complex environment，bricolagingresource at hand，putting forward new business ideas.But few scholars pay attention tothis field. The entrepreneurial capabaility and dynamic capability can‘nt describebehavior of these firms. Therefore we put forward the autotelic capability andhypothesiz the autotelic capability influencing firms‘performance.Firstly，the paper conducts the literature review. We understand the Characteristics ofthe international new ventures（INVs）. According to the life cyle theory，autoteliccapability， entrepreneurial capabaility and dynamic capability appear in differentperiod. Then we list the theory about autotelic capability，enterprise competitiveadvantage theory，and firms‘capabalities theory.Secondly， we study the model and the hypothesis. There are three dimensions forautotelic capability. They are bricolage capability （BC）， improvisational capability（IC）and transcendental capability（TC）. We study these three dimensions in details.We put forward three main hypotheses and nine secondary hypotheses.Thirdly， we used Structural Equation Modeling，and the tool of SPASS20.0，AMOSS20.0to verify hypotheses in the model. It turned out that three mainhypotheses and nine secondary hypotheses held true. In other words， the autoteliccapability have a positive influence on the international new ventures‘performance.Lastly， we discuss the results and analyze the innovation and deficiencies. We makesuggestions about the diection for our research in the future.The Innovation Points of the Research include three aspects. Most importantly， wecame up with the autotelic capability to explain the performance of INVs. Secondly，we give a definition of autotelic capability and describe it in three dimensions； bricolage capability （BC）， improvisational capability（IC） and transcendentalcapabilit（yTC）.We develops the scales and prove their rationality. Thirdly，we verifythe propostion that autotelic capability has a positive influence on the internationalnew ventures‘performance.