Strategic entrepreneurship (SE) emphasises the complementary roles played by entrepreneurship and strategic management in promoting firm growth. This article adopts two dominant concepts from each field—entrepreneurial orientation (EO) and dynamic capabilities (DCs)—to investigate their interaction effects on firm performance (FP). It further examines three contingencies—firm, market and product innovation—that significantly affect the levels of EO and DCs that firms pursue. This study analyses the influence of EO and DCs on performance using hierarchical regression models. Interaction effects of EO and DCs on FP demonstrate a positive relationship. This study found that DCs are more critical for incumbent firms than for small firms. Both EO and DCs enhance performance in dynamic markets. The EO increases performance under radical product innovation, while DCs show no effects. This study provides important and unique implications for the complementary roles of entrepreneurship and strategic management.

中文翻译：

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调和创业导向与动态能力：战略创业视角

战略企业家精神（SE）强调企业家精神和战略管理在促进公司成长中所起的互补作用。本文采用了来自各个领域的两个主要概念-创业方向（EO）和动态能力（DC）-来研究它们对公司绩效（FP）的相互作用影响。它进一步研究了三种突发事件（企业，市场和产品创新），它们对公司追求的EO和DC的水平有重大影响。本研究使用分层回归模型分析了EO和DC对绩效的影响。EO和DC相互作用对FP表现出正​​相关关系。这项研究发现，对于小企业而言，DC对于在职企业而言更为重要。EO和DC均可增强动态市场中的性能。在彻底的产品创新下，EO可以提高性能，而DC则没有效果。这项研究为企业家精神和战略管理的互补作用提供了重要而独特的含义。