Dynamic Capabilities and Technology Competence: A Study on Firm Performance in Groom Big Programs

This research thoroughly investigates the connections among dynamic capabilities, technology competence, and company performance, focusing on RISDA's Groom Big initiatives. To stay competitive in the market, a company needs to have dynamic capabilities, characterized as the capacity to integrate, develop, and reconfigure internal and external competencies in response to quickly changing environments. Technology competence is also a critical factor in determining a company's performance. It includes a firm's capacity to recognize and adapt to market trends, customer demands, and competitive dynamics. According to the study, businesses that participate in RISDA's Groom Big programs can considerably improve their performance by a considerable margin by developing dynamic capabilities and improved technology competence. The results highlight the intricate and varied aspects of firm performance, demonstrating the interactive effects and technology competence-mediated relationship between dynamic capabilities and firm performance. The research offers significant perspectives for administrators, policymakers, and institutions like RISDA and Groom Big initiatives. They can assist businesses in adapting to market changes, grabbing hold of new business opportunities, and achieving better performance by cultivating dynamic capabilities and technology competence. The programs' and entrepreneurs' success may ultimately benefit from this. The research significantly adds to the body of knowledge regarding dynamic capabilities, technology competence, and firm performance. It offers a strong platform to build future investigations into these connections and their consequences for business performance and economic expansion. Moreover, it provides valuable information that can guide the creation of plans, policies, and initiatives to encourage entrepreneurship and economic growth. The results of this study have significant ramifications for strategic management, entrepreneurial theory, and practice.