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The influence of entrepreneurs’ mental models on organizational absorptive capacity: a multilevel perspective

A influência dos modelos mentais dos empreendedores na capacidade absortiva organizacional: uma perspectiva multinível

ABSTRACT

Purpose: Entrepreneurs have cognitive styles that directly determine organizational behavior. When building their mental models, the entrepreneur uses both individual and collective capacities, which, in turn, mediate the performance of an organization, configuring themselves in a multilevel perspective. This article aims to analyze the effect of entrepreneurs’ mental models on absorptive capacity in incubated companies. Design/methodology/approach: This article is based on descriptive research with a quantitative approach to the data. A closed questionnaire was applied to 132 incubated companies belonging to the Consortium of Community Universities of Rio Grande do Sul (Consórcio de Universidades Comunitárias do Rio Grande do Sul - Comung) and Santa Catarina Association of Educational Foundations (Associação Catarinense das Fundações Educacionais - Acafe). The statistical treatment used to analyze the relationships investigated in this research comprised descriptive statistical analysis and Modeling by Structural Equations (SEM), with the help of SPSS® version 2.2 and SmartPLS® version 3.2.8 software. Findings: The results showed a positive relationship between the cognitive variables of the entrepreneurs’ mental models in the organizational Absorptive Capacity (ACAP). It is possible to infer that these are significant predictors of the development of organizational ACAP in the companies that make up this sample. This study presents a set of mental models’ cognitive variables related to organizational ACAP. Originality/value: We suggest a qualitative approach that can deepen the observations regarding the relationships investigated in this study. Such an approach would help understand how the relationship between the cognitive variables of the mental models of entrepreneurs in organizational ACAP occurs.

Keywords
Mental models; Organizational absorptive capacity; Multilevel; Entrepreneurs; Incubated companies

RESUMO

Finalidade: Os empreendedores possuem estilos cognitivos que determinam diretamente o comportamento organizacional. Ao construir seus modelos mentais, o empreendedor se vale de capacidades tanto individual quanto coletiva e estas, por sua vez, mediam o desempenho de uma organização, configurando-se numa perspectiva multinível. Este artigo tem como objetivo analisar o efeito dos modelos mentais dos empreendedores na capacidade absortiva em empresas incubadas. Desenho/metodologia/abordagem: Trata-se de uma pesquisa descritiva com abordagem quantitativa dos dados. Foi aplicado um questionário fechado junto a 132 empresas incubadas pertencentes ao Consórcio de Universidades Comunitárias do Rio Grande do Sul (Comung) e a Associação Catarinense das Fundações Educacionais (Acafe). O tratamento estatístico utilizado para a análise das relações investigadas nesta pesquisa compreendeu análise estatística descritiva e Modelagem por Equações Estruturais (MEE), com o auxílio dos softwares SPSS® versão 2.2 e SmartPLS® versão 3.2.8. Resultados: Os resultados evidenciaram a relação positiva entre as variáveis cognitivas dos modelos mentais dos empreendedores na Capacidade Absortiva (ACAP) organizacional, sendo possível inferir que estes configuram-se como um importante preditor do desenvolvimento da ACAP organizacional nas empresas que compõe essa amostra. Originalidade/valor: Como contribuição, este estudo apresenta um conjunto de variáveis cognitivas dos modelos mentais que possuem relação com a ACAP organizacional. Para uma melhor compreensão de como ocorre a relação entre as variáveis cognitivas dos modelos mentais dos empreendedores na ACAP organizacional sugere-se uma abordagem qualitativa, que possa aprofundar as observações a respeito das relações investigadas neste estudo.

Palavras-chave:
Modelos mentais; Capacidade absortiva oganizacional; Multinível; Empreendedores; Empresas incubadas

1 INTRODUCTION

The intense changes in the organizational environment transform how organizations seek an advantage over competitors. Making them not limited to the generation of strategies related to traditional factors but also to the development of a region, the generation of jobs, and lace ( Behling, Pereira, Mazzoleni, Baccin & Lenzi, 2015Behling, G., Pereira, C. M. D., Mazzoleni, E. C., Baccin, S. S., & Lenzi, F. C. (2015). Microempreendedor individual catarinense: uma análise descritiva do perfil dos empreendedores individuais em Santa Catarina. NAVUS - Revista de Gestão e Tecnologia, 5(1), 65-78. Retrieved fromhttps://navus.sc.senac.br/index.php/navus/article/view/217 doi: 10.22279/navus.2015.v5n1.p65-78.217
https://navus.sc.senac.br/index.php/navu...
; Guerra, Tondolo & Camargo, 2016Guerra, R. M. A., Tondolo, V. A. G., & Camargo, M. E. (2016). O que (ainda) podemos aprender sobre capacidades dinâmicas. Revista Ibero-Americana de Estratégia, 15(1), 44- 64. Meirelles & Camargo, 2014Meirelles, D., & Camargo, A. A. B. (2014). Capacidades dinâmicas: o que são e como identificá-las? Revista de Administração Contemporânea, 18, 41–64. Retrieved from www.scielo.br/j/rac/a/L9ZB6rBCFZ5jgqxd3hVWY6L/?lang=pt doi: 10.1590/1982- 7849rac20141289
www.scielo.br/j/rac/a/L9ZB6rBCFZ5jgqxd3h...
; ).

For this reason, to analyze and understand organizational changes, the changing nature of the environment must be contemplated ( Mintzberg, Ahlstrand & Lampel, 2010Mintzberg, H., Ahlstrand, B., & Lampel, J. (2010). Safári de estratégia: um roteiro pela selva do planejamento estratégico. Porto Alegre: Bookmann.). In addition to cognitive processes and factors related to how individuals think in everyday life, adapt, and react to the environment ( Wachelke & Camargo, 2007Wachelke, J. F. R., & Camargo, B. V. (2007). Representações sociais, representações individuais e comportamento. Revista Interamericana de Psicologia, 41(3), 379-390. Retrieved fromhttp://pepsic.bvsalud.org/scielo.php?pid=S0034-96902007000300013&script=sci_abstract
http://pepsic.bvsalud.org/scielo.php?pid...
). Therefore, the results depend not exclusively on the external environment but also on the vision and capacity of organizational managers ( Guerra, Tondolo & Camargo, 2016Guerra, R. M. A., Tondolo, V. A. G., & Camargo, M. E. (2016). O que (ainda) podemos aprender sobre capacidades dinâmicas. Revista Ibero-Americana de Estratégia, 15(1), 44- 64.).

Thus, the ability to diversify, share and store knowledge determines the organization’s abilities for market development and the allocation of strategic resources ( Teece, 2007Teece, D. J. (2007). Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance. Strategic Management Journal, 28(13), 1319– 1350. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/smj.640 doi: 10.1002/smj.640
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; Winter, 2003Winter, S. G. (2003). Understanding dynamic capabilities. Strategic Management Journal, 24(10), 991-995. Retrieved fromhttps://www.jstor.org/stable/20060593
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). For this, organizations need to learn, renew, reconfigure, and adapt their resources ( Barney, 1991Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120. Retrieved fromhttp://diglib.globalcollege.edu.et:8080/xmlui/bitstream/handle/123456789/704/00483.pdf?sequence=1&isAllowed=y
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; Teece, Pisano & Shuen, 1997Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533. Retrieved fromhttps://www.jstor.org/stable/3088148
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) and skills ( Zahra & George, 2002Zahra, S. A., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. The Academy of Management Review, 27(2), 185-203. Retrieved fromhttps://www.jstor.org/stable/4134351 doi: 10.5465/amr.2002.6587995
https://www.jstor.org/stable/4134351...
), processes, and routines ( Eisenhardt & Martin, 2000Eisenhardt, K. M., & Martin, J. A. (2000). Dynamic capabilities: what are they? Strategic Management Journal, 21(10/11), 1105-1121. Retrieved fromhttps://www.jstor.org/stable/3094429
https://www.jstor.org/stable/3094429...
; Meirelles & Camargo, 2014Meirelles, D., & Camargo, A. A. B. (2014). Capacidades dinâmicas: o que são e como identificá-las? Revista de Administração Contemporânea, 18, 41–64. Retrieved from www.scielo.br/j/rac/a/L9ZB6rBCFZ5jgqxd3hVWY6L/?lang=pt doi: 10.1590/1982- 7849rac20141289
www.scielo.br/j/rac/a/L9ZB6rBCFZ5jgqxd3h...
), thus configuring their absorptive capacity ( Cohen & Levinthal, 1990Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. Retrieved fromhttps://www.jstor.org/stable/2393553?origin=crossref doi: 10.2307/2393553
https://www.jstor.org/stable/2393553?ori...
; Zahra & George, 2002Zahra, S. A., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. The Academy of Management Review, 27(2), 185-203. Retrieved fromhttps://www.jstor.org/stable/4134351 doi: 10.5465/amr.2002.6587995
https://www.jstor.org/stable/4134351...
).

For the authors Argote & Ingram ( 2000Argote, L., & Ingram, P. (2000). Knowledge transfer: A basis for competitive advantage in firms. Organizational Behavior and Human Decision Processes, 82(1), 150– 169. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0749597800928930?via%3Dihub doi:10.1006/obhd.2000.2893
https://www.sciencedirect.com/science/ar...
), Crossan, Lane & White ( 1999Crossan, M. M., Lane, H. W., & White, R. E. (1999). An organizational learning framework: From intuition to institution. The Academy of Management Review, 24(3), 522-537. Retrieved fromhttps://www.jstor.org/stable/259140?origin=crossref.doi:10.5465/amr.1999.2202135
https://www.jstor.org/stable/259140?orig...
), and Spender ( 1996Spender, J.-C. (1996). Making knowledge the basis of a dynamic theory of the firm. Strategic Management Journal, 17(S2), 45-62. Retrieved fromhttps://onlinelibrary.wiley.com/ doi/10.1002/smj.4250171106. doi: 10.1002/smj.4250171106
https://onlinelibrary.wiley.com/...
), the capabilities of a company involve both individual and collective cognitive knowledge. These, in turn, mediate the performance of an organization from a multilevel perspective. The entrepreneur’s decisions manifest through the results of behaviors (individual level), learning, and experiences (organizational level) lived at a given moment. This multilevel perspective generates personal knowledge as a product, which, in turn, influences new learning processes in the organization. Thus, strategically, individual management acts as a determining factor of performance in companies ( Fischer, Salles-Filho, Zeitoum & Colugnati, 2022Fischer, B., Salles-Filho, S., Zeitoum, C., & Colugnati, F. (2022), Performance drivers in knowledge-intensive entrepreneurial firms: a multidimensional perspective. Journal of Knowledge Management, 26(5), 1342-1367. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/JKM-03-2021-0264/full/html doi: 10.1108/JKM-03- 2021-0264
https://www.emerald.com/insight/content/...
). Also, businesses are impacted by characteristics of the owners themselves, such as the fact that they do not dissociate between the personalities of the owners and the business, and are specific to the context ( Belkhodja, 2022Belkhodja, O. (2022). Managing Knowledge Resources in Family Firms: Opportunity or Challenge? Sustainability, 14(9), 5087. Retrieved fromhttps://www.mdpi.com/2071-1050/14/9/5087 doi: 10.3390/su14095087
https://www.mdpi.com/2071-1050/14/9/5087...
). While learning (the process) produces new knowledge (the content), this generated knowledge impacts future learning ( Daghfous, 2004Daghfous, A. (2004). Absorptive capacity and the implementation of knowledge-intensive best practices. Advanced Management Journal, 69(2), 21-27. Retrieved fromhttps://link.gale.com/apps/doc/A118495681/AONE?u=anon~f9bb9e37&sid=googleScholar&xid=732321d4
https://link.gale.com/apps/doc/A11849568...
; Lane & Lubatkin, 1998Lane, P. J., & Lubatkin, M. (1998). Relative absorptive capacity and inter-organizational learning. Strategic Management Journal, 19(5), 461-477. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/%28SICI%291097-0266%28199805%2919%3A5%3C461%3A%3AAID-SMJ953%3E3.0.CO%3B2-L doi:10.1002/(SICI)1097-0266(199805)19:5<461:AID-SMJ953>3.0.CO;2-L
https://onlinelibrary.wiley.com/doi/10.1...
). Thus, a multilevel approach would combine micro phenomena embedded in macro contexts. These often emerge from the interaction and dynamics of lower-level elements ( Pantoja & Borges-Andrade, 2004Pantoja, M. J., & Borges-Andrade, J. E. (2004). Contribuições Teóricas e Metodológicas da Abordagem Multinível para o Estudo da Aprendizagem e sua Transferência nas Organizações. Revista de Administração Contemporânea, 8(4), 115-138. Retrieved fromhttps://www.scielo.br/j/rac/a/JgYqVttJBwhVWFNggvnmzcm/?lang=pt doi: 10.1590/ S1415-65552004000400007
https://www.scielo.br/j/rac/a/JgYqVttJBw...
). This fact corroborates the study by Rotundo & Giner ( 2009Rotundo, G. Z., & Giner, M. T. C. (2009). La cognición del individuo: reflexiones sobre sus procesos e influencia en la organización. Espacio abierto, 18(2), 235-256. Retrieved fromhttps://www.produccioncientificaluz.org/index.php/espacio/article/view/1356
https://www.produccioncientificaluz.org/...
); when referring to the influence of mental maps or cognitive schemes in decision making. The multidimensionality and richness of absorptivecapacity is an under-explored area in the existing literature ( Hussain, Bhatti, Khan, Asslan & Tarba, 2022Hussain, N., Bhatti, W. A., Khan, S. A., Arslan, A., & Tarba, S. Y. (2022). Firm absorptive capacity: multidimensionality, drivers and contextual conditions. Journal of Knowledge Management, 26(10), 2718-2742. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/JKM-07-2021-0552/full/html doi: 10.1108/JKM-07-2021- 0552
https://www.emerald.com/insight/content/...
). They also report the organization as a “body of ideas” and a “practice of thinking,” characterizing the multilevel perspective from the effect of the individual level on the organizational level.

This study focuses on the relationship between mental models and absorptive capacity from a multilevel perspective. This study was carried out with entrepreneurs being the subjects of this study the entrepreneurs who have their companies incubated next to innovation environments propitiated by universities belonging to to the Consortium of Community Universities of Rio Grande do Sul ( Consórcio de Universidades Comunitárias do Rio Grande do Sul - COMUNG) and the Santa Catarina Association of Educational Foundations of Santa Catarina ( Associação Catarinense das Fundações Educacionais de Santa Catarina - ACAFE). In the context of business incubators, it is important to highlight that these have been strong drivers of entrepreneurship and aim to offer support for the development of innovative ideas ( Almeida, Pinto & Henriques, 2021Almeida, R. I. S., Pinto, A. P. S., Henriques, C. M. R. (2021). The effect of incubation on firm performance: a comparative study in the Center region of Portugal. Revista Brasileira de Gestão de Negócios, 23(1), 127-140. Retrieved from https://rbgn.fecap.br/RBGN/article/view/4089 doi:10.7819/rbgn.v23i1.4089
https://rbgn.fecap.br/RBGN/article/view/...
). In addition, incubators help to create a nurturing and nurturing environment, allowing incubates to obtain the resources, services and assistance they need. Emphasizing the role of the incubator, which is orchestration and its categorization, understanding the effects of offering networks and relationships for incubated companies ( Antunes, Castro & Mineiro, 2021Antunes, L. G. R., Castro, C. C. de, & Mineiro, A. A. C. (2021). Network orchestration: new role of business incubators? Innovation & Management Review, 18(1), 51-68. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/INMR-12-2019-0151/full/html doi: 10.1108/INMR-12-2019-0151
https://www.emerald.com/insight/content/...
).

What is known is that the entrepreneur’s characteristics directly influence the organization’s diagnosis, choices, and strategic direction ( Bressan & Toledo, 2013Bressan, F., & Toledo, G. L. (2013). A influência das características pessoais do empreendedor nas escolhas estratégicas e no processo de tomada de decisão. Revista Psicologia: Organizações e Trabalho, 13(3), 309-324. Retrieved fromhttp://pepsic.bvsalud.org/scielo.php?script=sci_arttext&pid=S1984-66572013000300008
http://pepsic.bvsalud.org/scielo.php?scr...
). With the same thought, Zhao & Parry ( 2012Zhao, Y. L., & Parry, M. E. (2012). Mental Models and Successful First‐mover Entry Decisions: Empirical Evidence from Chinese Entrepreneurs. Journal of Product Innovation Management, 29(4), 590-607. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1111/j.1540-5885.2012.00927.x doi:10.1111/j.1540-5885.2012.00927.x
https://onlinelibrary.wiley.com/doi/10.1...
) defend research aimed at understanding how mental models have important implications for entrepreneurs’ decisions. This previous research is in line with Volberda, Foss & Lyles ( 2010Volberda, H. W., Foss, N. J., & Lyles, M. A. (2010). Perspective - Absorbing the Concept of Absorptive Capacity: How to Realize Its Potential in the Organization Field. Organization Science, 21(4), 931-951. Retrieved fromhttps://pubsonline.informs.org/doi/10.1287/orsc.1090.0503 doi:10.1287/orsc.1090.0503
https://pubsonline.informs.org/doi/10.12...
) statement that there is a lack of research on the antecedents of CA. In this research, the mental models explain how they impact absorptive capacity. Understanding how absorptive capacity processes develop from the influence of their antecedents can contribute to comprehending the process of absorptive capacity ( Cepeda-Carrion, Cegarra-Navarro & Jimenez-Jimenez, 2012Cepeda-Carrion, G., Cegarra-Navarro, J. G., & Jimenez Jimenez, D. (2012). The effect of absortive capacity on innovativeness: Context and information systems capability as catalysts. British Journal of Management, 23(1), 110-129. Retrieved fromhttps://onlinelibrary.wiley.com/share/RZYQJ5QCJWQW3UXZ4T3X?target=10.1111/j.1467-8551.2010.00725.x. doi:10.1111/j.1467-8551.2010.00725.x
https://onlinelibrary.wiley.com/share/RZ...
). In addition, as incubated companies, they need the support of incubators, support, since they are start-ups and are not in contact with important partners. We also need to know how to exploit and transform external knowledge into internal benefits ( Miranda, Nodari, Severo & Engelman, 2022Miranda, A. L. B. B., Nodari, C. H., Severo, E. A., & Engelman, R. (2022). Tendencies of the Absorptive Capacity and Its Correlation with Innovation and the Incubated Companies’ Performance. Journal of Entrepreneurship and Innovation in Emerging Economies, 8(1), 121-142. Retrieved fromhttps://journals.sagepub.com/doi/full/10.1177/23939575211032096 doi: 10.1177/23939575211032096
https://journals.sagepub.com/doi/full/10...
).

Rezaei-Zadeh and Darwish ( 2016Rezaei-Zadeh, M., & Darwish, T. K. (2016). Antecedents of absorptive capacity: A new model for developing learning processes. The Learning Organization, 23(1), 77-91. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/TLO-04-2015-0026 doi: 10.1108/TLO-04-2015-0026
https://www.emerald.com/insight/content/...
) suggest that researchers investigate the influence of antecedents on the dimensions of absorptive capacity. Notably, the relationship between these two themes constitutes an essential analysis perspective for the incubated company’s segment. They play a significant role in generating new ventures and technologies, contributing to local and regional development. In addition to this introduction, this study includes the theoretical foundation with the themes of absorptive capacity and mental models, followed by the method and discussion of the results, and finally, the final considerations.

2 THEORETICAL FOUNDATION

2.1 Absorptive capacity

The theory of dynamic absorptive capacity, absorption capacity, or even absorptive capacity (ACAP) ( Garzón-Castrillón, 2016Garzón-Castrillón, M. A. (2016). Capacidad dinámica de absorción. Estudio de caso. Orinoquia, 20(1), 97-118. Retrieved fromhttps://orinoquia.unillanos.edu.co/index.php/orinoquia/article/view/332 doi: 10.22579/20112629.332
https://orinoquia.unillanos.edu.co/index...
) is seen as a stream of Dynamic Capacities (DC) theory. It has received focus in recent decades by scholars in Brazil and abroad ( Apriliyantia & Alon, 2017Apriliyantia, I. D., & Alon, I. (2017). Bibliometric analysis of absorptive capacity. International Business Review, 26(5), 896-907. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0969593117301506?via%3Dihub doi: 10.1016/j. ibusrev.2017.02.007
https://www.sciencedirect.com/science/ar...
; Guerra, Tondolo & Camargo, 2016Guerra, R. M. A., Tondolo, V. A. G., & Camargo, M. E. (2016). O que (ainda) podemos aprender sobre capacidades dinâmicas. Revista Ibero-Americana de Estratégia, 15(1), 44- 64.; Ferreira & Ferreira, 2017Ferreira, G. C., & Ferreira, J. J. (2017). Absorptive capacity: An analysis in the context of Brazilian family firms. Revista de Administração Mackenzie, 18(1), 174-204. Retrieved fromhttps://www.scielo.br/j/ram/a/hRdpLXWK8f4cp6cvhTRrZXL/?lang=en doi: 10.1590/1678-69712017/administracao.v18n1p174-204
https://www.scielo.br/j/ram/a/hRdpLXWK8f...
; Zonatto, 2018Zonatto, P. A. F. (2018). Relação entre atributos da rede, capacidade absortiva e o desempenho de empresas em redes de cooperação empresarial (Tese de doutorado). Programa de Pós-Graduação em Administração, Universidade do Vale do Itajaí, Biguaçu, SC, Brasil.).

ACAP is related to Penrose's ( 1959Penrose, E. (1959). The theory of the firm. NY: John Wiley & Sons.) theory of the firm. In the literature, the ACAP theme begins to be approached in greater depth by Cohen and Levinthal ( 1990Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. Retrieved fromhttps://www.jstor.org/stable/2393553?origin=crossref doi: 10.2307/2393553
https://www.jstor.org/stable/2393553?ori...
). The authors refer to the ability to recognize external information, assimilate the implications of this knowledge in the firm, and apply that knowledge to develop innovative performance or generate innovations. In addition, the authors demonstrate the importance of a Research and Development (R&D) department, using the absorptive capacity to appropriate information and knowledge.

The approach proposed by Lane and Lubatkin ( 1998Lane, P. J., & Lubatkin, M. (1998). Relative absorptive capacity and inter-organizational learning. Strategic Management Journal, 19(5), 461-477. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/%28SICI%291097-0266%28199805%2919%3A5%3C461%3A%3AAID-SMJ953%3E3.0.CO%3B2-L doi:10.1002/(SICI)1097-0266(199805)19:5<461:AID-SMJ953>3.0.CO;2-L
https://onlinelibrary.wiley.com/doi/10.1...
) is that ACAP is a process that involves three capacities that affect the ability to evaluate, assimilate and commercialize. In this sense, these authors accept that ACAP is formed by the abilities of identification, assimilation, and application of knowledge.

Zahra and George ( 2002Zahra, S. A., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. The Academy of Management Review, 27(2), 185-203. Retrieved fromhttps://www.jstor.org/stable/4134351 doi: 10.5465/amr.2002.6587995
https://www.jstor.org/stable/4134351...
) adopt a more procedural perspective on ACAP. They argue that effective internal knowledge sharing, and integration are critical to this capability. In this aspect, ACAP would be a multidimensional construct formed by a set of organizational routines and processes through which companies produce a dynamic organizational capacity. ACAP is the combination of four capabilities that influence the organization to create and develop the knowledge needed to build other organizational capabilities, which are the basis for a competitive advantage.

These capabilities are, at the same time, different and complementary in influencing organizational results. Thus, Zahra and George ( 2002Zahra, S. A., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. The Academy of Management Review, 27(2), 185-203. Retrieved fromhttps://www.jstor.org/stable/4134351 doi: 10.5465/amr.2002.6587995
https://www.jstor.org/stable/4134351...
) propose a set of organizational routines and processes with two distinct dimensions: potential absorptive capacity (PACAP), which includes acquisition and assimilation capacities; and realized absorptive capacity (RACAP), which includes transformation and application capabilities, which the authors connect to the concept of dynamic capabilities, where the organization’s essential resources originate from competitive advantages.

The approach proposed by Lane, Koka and Pathak ( 2006Lane, P. J., Koka, B. R., & Pathak, S. (2006). The reification of absorptive capacity: a critical review and rejuvenation of the construct. The Academy of Management Review, 31(4), 833–863. Retrieved fromhttp://www.jstor.org/stable/20159255
http://www.jstor.org/stable/20159255...
) reaffirms the multidimensional aspect of ACAP. However, the authors return to the three capacities of the seminal model by Cohen and Levinthal ( 1989Cohen, W. M., & Levinthal, D. A. (1989). Innovation and learning: the two faces of R & D. The Economic Journal, 99(397), 569-596. Retrieved fromhttps://www.jstor.org/stable/2233763 doi: 10.2307/2233763
https://www.jstor.org/stable/2233763...
). They separate the sequential learning processes as far as each process requires different organizational capabilities. Going further, Lane, Koka and Pathak ( 2006, p.856Lane, P. J., Koka, B. R., & Pathak, S. (2006). The reification of absorptive capacity: a critical review and rejuvenation of the construct. The Academy of Management Review, 31(4), 833–863. Retrieved fromhttp://www.jstor.org/stable/20159255
http://www.jstor.org/stable/20159255...
), when combining the original ideas of Cohen and Levinthal ( 1989, p.128Cohen, W. M., & Levinthal, D. A. (1989). Innovation and learning: the two faces of R & D. The Economic Journal, 99(397), 569-596. Retrieved fromhttps://www.jstor.org/stable/2233763 doi: 10.2307/2233763
https://www.jstor.org/stable/2233763...
), suggest the following more detailed definition of absorptive capacity:

Absorptive capacity is the company’s ability to use externally realized knowledge through three sequential processes: (1) recognize and understand as potentially valuable new knowledge that may come from outside the company, through exploratory learning; (2) assimilatevaluable new knowledge through transformative learning; and (3) using assimilated knowledge to create new knowledge and commercial outlets through exploration learning.

Lowik, Kraaijenbrink and Groen ( 2016Lowik, S., Kraaijenbrink, J., & Groen, A. (2016). The team absorptive capacity triad: a configurational study of individual, enabling, and motivating factors. Journal of Knowledge Management, 20(5), 1083–1103. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/JKM-11-2015-0433/full/html doi: 10.1108/JKM-11- 2015-0433
https://www.emerald.com/insight/content/...
) view ACAP as usually considered a multilevel capability. Its multilevel nature concerns the ACAP of each individual and the mechanisms of social integration at the organizational level. Furthermore, for these authors, the ACAP of a company is not simply the sum of the ACAP of its employees. Therefore, it is helpful to consider which aspects of the ACAP are distinctly organizational.

We adopted the concept of ACAP by Cohen and Levinthal ( 1990Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. Retrieved fromhttps://www.jstor.org/stable/2393553?origin=crossref doi: 10.2307/2393553
https://www.jstor.org/stable/2393553?ori...
) to guide this study. It refers to the firm’s collective ability to recognize the value of new external knowledge, assimilate it and apply it. The adoption of this concept is justified given its adherence to the research objective. In addition, the study converges with the multilevel absorptive capacity perspective proposed by Lowik, Kraaijenbrink and Groen ( 2016Lowik, S., Kraaijenbrink, J., & Groen, A. (2016). The team absorptive capacity triad: a configurational study of individual, enabling, and motivating factors. Journal of Knowledge Management, 20(5), 1083–1103. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/JKM-11-2015-0433/full/html doi: 10.1108/JKM-11- 2015-0433
https://www.emerald.com/insight/content/...
). Ferasso and Grenier ( 2021Ferasso, M., & Grenier, C. (2021). Fostering SME’s co-development of innovative projects in biotech clusters: Extending the sets of enablers for the knowledge creation process. Technology in Society, 67, 101729. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0160791X21002049?via%3Dihub doi: 10.1016/j. techsoc.2021.101729
https://www.sciencedirect.com/science/ar...
) state that capabilities act at the internal level of the company and between companies that are associated for the co-development of innovative projects.

The study of Hussain et al. ( 2022Hussain, N., Bhatti, W. A., Khan, S. A., Arslan, A., & Tarba, S. Y. (2022). Firm absorptive capacity: multidimensionality, drivers and contextual conditions. Journal of Knowledge Management, 26(10), 2718-2742. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/JKM-07-2021-0552/full/html doi: 10.1108/JKM-07-2021- 0552
https://www.emerald.com/insight/content/...
) identify:

The links among antecedents, multi-dimensions of absorptive capacity and competitive advantage. Antecedents include prior related knowledge and a firm’s combinative and information technology capabilities. Multi-dimensions are PAC (acquisition and assimilation) and RAC (transformation and exploitation of knowledge) that are the main constructs in the framework. Competitive advantage is the outcome variable. The purpose of such amalgamation is to provide a holistic view for managers and ractitioners to successfully develop, maintain and enhance a firm’s.

The cognitive structures of individuals are considered important antecedents of absorptive capacity ( Cohen & Levinthal, 1990Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. Retrieved fromhttps://www.jstor.org/stable/2393553?origin=crossref doi: 10.2307/2393553
https://www.jstor.org/stable/2393553?ori...
; Lane, Koka & Pathak, 2006Lane, P. J., Koka, B. R., & Pathak, S. (2006). The reification of absorptive capacity: a critical review and rejuvenation of the construct. The Academy of Management Review, 31(4), 833–863. Retrieved fromhttp://www.jstor.org/stable/20159255
http://www.jstor.org/stable/20159255...
; Todorova & Durisin, 2007Todorova, G., Durisin, B. (2007). Absorptive capacity: valuing a reconceptualization. Academy of Management Review, 32(3), 774-786. Retrieved fromhttps://journals.aom.org/ doi/10.5465/amr.2007.25275513. doi: 10.5465/amr.2007.25275513
https://journals.aom.org/...
). Individual cognition refers to how individuals tend to process information and make decisions ( Fiske & Taylor, 2013Fiske, S. T., & Taylor, S. E. (2013). Social cognition: From brains to culture. London: Sage Publications.).

2.2 Mental models

Organizations are open social systems that process information from the external environment, which are used for decision-making ( Csaszar & Levinthal, 2016Csaszar, F. A., & Levinthal, D. A. (2016). Mental representation and the discovery of new strategies. Strategic Management Journal, 37(10), 2031-2049. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/smj.2440 doi: 10.1002/smj.2440
https://onlinelibrary.wiley.com/doi/10.1...
; McCarthy, 2003McCarthy, B. (2003). The impact of the entrepreneur’s personality on the strategy-formation and planning process in SMEs. Irish Journal of Management, 24(1), 154-172. Retrieved fromhttps://researchonline.jcu.edu.au/9121/
https://researchonline.jcu.edu.au/9121/...
; Daskou, Yannopoulos & Koutoulas, 2012Daskou, S., Yannopoulos, P., & Koutoulas, G. (2012). Mental models of Greek entrepreneurs: evidence from two networks. International Journal Economics and Business Research, 4(4), 459- 471. Retrieved fromhttps://econpapers.repec.org/RePEc:ids:ijecbr:v:4:y:2012:i:4:p:459-471
https://econpapers.repec.org/RePEc:ids:i...
). Including formal and informal collection systems and data. This information about the external world is then filtered and processed for decision-making ( McCarthy, 2003McCarthy, B. (2003). The impact of the entrepreneur’s personality on the strategy-formation and planning process in SMEs. Irish Journal of Management, 24(1), 154-172. Retrieved fromhttps://researchonline.jcu.edu.au/9121/
https://researchonline.jcu.edu.au/9121/...
). According to DeToni & Milan ( 2008DeToni, D., & Milan, G. S. (2008). A relação entre os modelos mentais dos empreendedores e o desempenho organizacional: um estudo exploratório em duas empresas do setor metalmecânico. Revista Eletrônica de Administração, 14(3), 622-649. Retrieved fromhttps://seer.ufrgs.br/index.php/read/article/view/39368
https://seer.ufrgs.br/index.php/read/art...
) and Daskou, Yannopoulos & Koutoulas ( 2012Daskou, S., Yannopoulos, P., & Koutoulas, G. (2012). Mental models of Greek entrepreneurs: evidence from two networks. International Journal Economics and Business Research, 4(4), 459- 471. Retrieved fromhttps://econpapers.repec.org/RePEc:ids:ijecbr:v:4:y:2012:i:4:p:459-471
https://econpapers.repec.org/RePEc:ids:i...
), managers create belief systems or mental models, simplified representations of the information environment.

Mental models are cognitive elements built on an object, and the individual evaluates the image of the object as an impression and a set of attitudes and perceptions about the object ( Dichter, 1985Dichter, E. (1985). What´s in an image. Journal of Consumer Marketing, 2(1), 75- 81. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/eb038824/full/html doi: 10.1108/eb038824
https://www.emerald.com/insight/content/...
; Martineau, 1958Martineau, P. (1958). The personality of the retail store. Harvard Business Review, 36, 47- 55.). This mental level of perception leaves an intellectual residue, providing a reason for pragmatic, functional, and logical evaluations.

Mental representations derived from mental models are fundamental in strategy because they allow managers to consider alternative strategies offline ( Gavetti & Levinthal, 2000Gavetti, G., & Levinthal, D. A. (2000). Looking forward and looking backward: cognitive and experiential search. Administrative Science Quarterly, 45(1), 113–137. Retrieved fromhttps://journals.sagepub.com/doi/10.2307/2666981 doi: 10.2307/2666981
https://journals.sagepub.com/doi/10.2307...
). That is, mental representations allow managers to consider the merits of alternative strategies without the need to invest and execute the various options ( Csaszar & Levinthal, 2016Csaszar, F. A., & Levinthal, D. A. (2016). Mental representation and the discovery of new strategies. Strategic Management Journal, 37(10), 2031-2049. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/smj.2440 doi: 10.1002/smj.2440
https://onlinelibrary.wiley.com/doi/10.1...
).

For the authors, Badke-Schaub, Neumann, Lauche and Mohammed ( 2007Badke-Schaub, P., Neumann, A., Lauche, K., & Mohammed, S. (2007). Mental models in design teams: a valid approach to performance in design collaboration? CoDesign : international journal of cocreation in design and the arts, 3(1), 5-20. Retrieved fromhttps://www.tandfonline.com/doi/full/10.1080/15710880601170768 doi:10.1080/15710880601170768
https://www.tandfonline.com/doi/full/10....
), mental models reflect the ability to categorize what we know and organize knowledge. It starts from the idea that mental models are built by internal patterns of how the world works or simplifications. Lucas and Mai ( 2022Lucas, B. J., & Mai, K. M. (2022). Illumination and elbow grease: A theory of how mental models of the creative process influence creativity. Organizational Behavior and Human Decision Processes, 168, 104107. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0749597821001035 doi: 10.1016/j.obhdp.2021.104107
https://www.sciencedirect.com/science/ar...
) propose that, like any mental model, the influence a given mental model has on a worker depends on whether the worker holds that mental model in the first place and whether that mental model is activated.

Considering Karakaya and Yannopoulos ( 2010Karakaya, F., & Yannopoulos, P. (2010). Defensive strategy framework in global markets: a mental model’s approach. European Journal of Marketing, 44(7/8), 1077-1100. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/03090561011047535/full/html doi: 10.1108/03090561011047535
https://www.emerald.com/insight/content/...
) mental models’ approach, managers receive, process, and disseminate information about their external environment. However, they often need to sift through enormous amounts of information to develop strategies and respond to environmental challenges. Complementing the idea, Zhao and Parry ( 2012Zhao, Y. L., & Parry, M. E. (2012). Mental Models and Successful First‐mover Entry Decisions: Empirical Evidence from Chinese Entrepreneurs. Journal of Product Innovation Management, 29(4), 590-607. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1111/j.1540-5885.2012.00927.x doi:10.1111/j.1540-5885.2012.00927.x
https://onlinelibrary.wiley.com/doi/10.1...
) state that the network of meanings shapes mental models, which reflect on managers’ experiences, as well as inferences from the observed or communicated experiences of others. The way in which these experiences are perceived and interpreted depends, in part, on managerial beliefs and norms, as well as the firm’s strategies.

Lucas and Mai ( 2022Lucas, B. J., & Mai, K. M. (2022). Illumination and elbow grease: A theory of how mental models of the creative process influence creativity. Organizational Behavior and Human Decision Processes, 168, 104107. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0749597821001035 doi: 10.1016/j.obhdp.2021.104107
https://www.sciencedirect.com/science/ar...
) propose that these mental models are impactful because they prime action tendencies (preparation versus production) that differentially influence behavior during creative work.

Apriliyantia and Alon ( 2017Apriliyantia, I. D., & Alon, I. (2017). Bibliometric analysis of absorptive capacity. International Business Review, 26(5), 896-907. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0969593117301506?via%3Dihub doi: 10.1016/j. ibusrev.2017.02.007
https://www.sciencedirect.com/science/ar...
) state that people are driven by the interactions of their behavior, cognition, and external environment. Through a cognitive process, the external environment can determine the organization’s behavior ( Bandura, 2001Bandura, A. (2001). Social cognitive theory: An agentic perspective. Annual Review of Psychology, 52(1), 1–26. Retrieved from https://pubmed.ncbi.nlm.nih.gov/11148297/ doi:10.1146/annurev.psych.52.1.1.PMID:11148297
https://pubmed.ncbi.nlm.nih.gov/11148297...
). According to Cognitive Theory, the organization relies on the absorptive capacity of its members ( Cohen & Levinthal, 1990Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. Retrieved fromhttps://www.jstor.org/stable/2393553?origin=crossref doi: 10.2307/2393553
https://www.jstor.org/stable/2393553?ori...
) The members are influenced by their cognitive structures ( Volberda, Foss & Lyles, 2010Volberda, H. W., Foss, N. J., & Lyles, M. A. (2010). Perspective - Absorbing the Concept of Absorptive Capacity: How to Realize Its Potential in the Organization Field. Organization Science, 21(4), 931-951. Retrieved fromhttps://pubsonline.informs.org/doi/10.1287/orsc.1090.0503 doi:10.1287/orsc.1090.0503
https://pubsonline.informs.org/doi/10.12...
). Moreover, these cognitive structures lead individuals to identify, choose, process knowledge, and determine their behavior and decision-making ( Bandura, 2001Bandura, A. (2001). Social cognitive theory: An agentic perspective. Annual Review of Psychology, 52(1), 1–26. Retrieved from https://pubmed.ncbi.nlm.nih.gov/11148297/ doi:10.1146/annurev.psych.52.1.1.PMID:11148297
https://pubmed.ncbi.nlm.nih.gov/11148297...
).

In the understanding of Wood and Mckelvie ( 2015Wood, M. S., & Mckelvie, A. (2015). Opportunity evaluation as future focused cognition: Identifying conceptual themes and empirical trends. International Journal of Management Reviews, 17(2), 256-277. Retrieved fromhttps://onlinelibrary.wiley.com/ doi/10.1111/ijmr.12053. doi: 10.1111/ijmr.12053
https://onlinelibrary.wiley.com/...
), mental models can be understood as simplified images of the environment that support beliefs and judgments.

Martignoni, Menon and Siggelkow ( 2016Martignoni, D., Menon, A., & Siggelkow, N. (2016). Consequences of misspecified mental models: contrasting effects and the role of cognitive fit. Strategic Management Journal, 37(13), 2545-2568. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/smj.2479 doi: 10.1002/smj.2479
https://onlinelibrary.wiley.com/doi/10.1...
) affirmed that mental models have two components: (i) the connection of representations that capture beliefs about mental model elements and (ii) performance (representations that capture the mapping from actions to performance results).

Given this, Godkin's ( 2008Godkin, L. (2008). Institutional change, absorptive capacity, and the organizational zone of inertia. Human Resource Development Review, 7(2), 184-197. Retrieved fromhttps://journals.sagepub.com/doi/10.1177/1534484307313604 doi: 10.1177/1534484307313604
https://journals.sagepub.com/doi/10.1177...
) position regarding mental models mentioned that these are structures from which individual interpretations of the environment derive, including organizational routines that determine perceptions of environmental reality. These individuals carry their mental models and share them with organizations, emphasizing the relationship between cognitive and organizational absorptive capacity ( Lane, Koka & Pathak, 2006Lane, P. J., Koka, B. R., & Pathak, S. (2006). The reification of absorptive capacity: a critical review and rejuvenation of the construct. The Academy of Management Review, 31(4), 833–863. Retrieved fromhttp://www.jstor.org/stable/20159255
http://www.jstor.org/stable/20159255...
).

In summary, it is argued that in the mental model’s approach, managers receive, process, and disseminate information in their environment (Day, 1994Day, G. S. (1994). Continuous Learning about Markets. California Management Review, 36(4), 9–31. Retrieved fromhttps://journals.sagepub.com/doi/abs/10.2307/41165764 doi: 10.2307/41165764
https://journals.sagepub.com/doi/abs/10....
). Based on a bibliographic review associating mental models and absorptive capacity, the study that came closest to the purpose of this research was that of DeToni, Mioranza, Milan and Larentis ( 2014DeToni, D., Mioranza, G., Milan, G. S., & Larentis, F. (2014). As dimensões dos modelos mentais dos empreendedores e seus impactos sobre o desempenho organizacional. Revista Eletrônica de Administração, 79(3), 713-739. Retrieved fromhttps://www.scielo.br/j/read/a/4TVZpQxSVrbJZqgCK8g9HBR/abstract/?lang=pt doi: 10.1590/1413- 2311.0312013.43234
https://www.scielo.br/j/read/a/4TVZpQxSV...
). The authors adopt the network perspective of mental models as exogenous variables associated with organizational performance.

Knowledge acquisition (tacit or explicit) derives from one of the primary practices recommended by managers for decision-making. Siachou, Daskou & Yannopoulos ( 2011Siachou, E., Daskou, S., & Yannopoulos, P. (2011, September). Existing dimensions of absorptive capacity and the way foreword: the mediating functionality of mental models manifested by entrepreneurs. Annual European Conference on Knowledge Management, Passau, Germany, 12.) estimated that mental models play an essential role in the three capacities of absorptive capacity. Therefore, this study intends to understand the effect of incubated entrepreneurs’ mental models considering this set of variables identified in the literature on ACAP from a multilevel perspective. Based on the above, the following research hypothesis is presented:

H1: Entrepreneurs’ mental models positively and significantly influence organizational absorptive capacity.

Therefore, Table 1 presents a synthesis of the cognitive variables of the mental models pointed out by the literature review and their respective hypotheses.

Table 1 -
Cognitive variables of Mental Models and their relationships with Absorptive Capacity

3 METHODOLOGICAL PROCEDURES

3.1 Population and sample

This study adopted characteristics of descriptive research with a quantitative approach to the data. For sampling purposes, all companies incubated in the set of innovation and technology centers of the Community Universities of Rio Grande do Sul (Universidades Comunitárias do Rio Grande do Sul - COMUNG) and the Santa Catarina Association of Educational Foundations (Associação Catarinense das Fundações Educacionais (ACAFE) were considered.

COMUNG is a group of Community Institutions from Rio Grande do Sul which constitutes the Consortium of Gaucho Community Universities. The institutions that form the Consortium represent a network of education, science, and technology, which covers almost all municipalities in the state ( COMUNG, n.d.Consórcio das Universidades Comunitárias Gaúchas. (n.d.). Sobre o Comung [Site]. Retrieved fromhttps://comung.org.br/sobre/
https://comung.org.br/sobre/...
). ACAFE is formed by the Educational Foundations of the State of Santa Catarina. The educational foundations that support Higher Education Institutions came together around the constitution of a body with the task of planning, articulating, and coordinating integrated actions between them ( https://acafe.org.br/site/, retrieved in July 15, 2019). Therefore, COMUNG comprises fifteen universities, and ACAFE comprises eleven universities and five university centers.

Thus, the estimated population of companies in incubators and technology parks at COMUNG and ACAFE is 682, among those classified in the pre-incubated, incubated, and graduated phases. From this population, we defined the sample size. For greater accuracy in estimating the minimum sample size, the software G*Power® version 3.1.9.4 was used ( Faul, Erdfelder, Lang & Buchner 2007Faul, F., Erdfelder, E . , Lang, A . -G., & B u c h n e r , A . (2007). G: A f l e x i b l e statistical power analysis program for the social, behavioral, and biomedical sciences. Behavior Research Methods, 39, 175-191. Retrieved fromhttps://link.springer.com/article/10.3758/BF03193146 doi: 10.3758/bf03193146
https://link.springer.com/article/10.375...
). The parameters adopted for a predictor were 80%, with a significance level of 5% (0.05) and a mean effect (f2) of 0.15 ( Hair, Risher, Sarstedt, & Ringle, 2019Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2-24. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/EBR-11-2018-0203/full/html10.1108/EBR-11-2018-0203
https://www.emerald.com/insight/content/...
). Thus, using the “a priori” statistical power, the value of 55 responses was obtained; Nevertheless, based on twice that number for greater consistency of the model ( Ringle, Silva & Bido, 2014Ringle, C. M., Silva, D. da, & Bido, D. S. (2014). Modelagem de equações estruturais com utilização do SmartPLS. Revista Brasileira de Marketing, 13(2), 56-73. Retrieved fromhttps://periodicos.uninove.br/remark/article/view/12032 doi: 10.5585/remark.v13i2.2717
https://periodicos.uninove.br/remark/art...
). Therefore, the obtained sample of 132 responses has statistical power to verify the hypotheses established in this study.

Entrepreneurs who have their companies incubated in the innovation and technology centers of COMUNG and ACAFE were considered research subjects. In this study, we have assumed that the entrepreneur’s characteristics impact the company’s management. Since a person’s behavior and decisions reflect their characteristics, considering the influences of the business environment with its unexpected events ( Bressan & Toledo, 2013Bressan, F., & Toledo, G. L. (2013). A influência das características pessoais do empreendedor nas escolhas estratégicas e no processo de tomada de decisão. Revista Psicologia: Organizações e Trabalho, 13(3), 309-324. Retrieved fromhttp://pepsic.bvsalud.org/scielo.php?script=sci_arttext&pid=S1984-66572013000300008
http://pepsic.bvsalud.org/scielo.php?scr...
).

3.2 Measurement of variables and research construction

The instrument for data collection was a closed questionnaire consisting of 51 questions with a Likert-type scale of seven points, with 1 for totally disagree and 7 for totally agree. It was structured with the help of the Google Forms® tool and sent to the e-mail list of incubated companies. The link was sent to the coordinators of the innovation and technology centers at Comung and the Acafe System and forwarded to the entrepreneurs.

As an independent variable, we have the set of six cognitive variables of the mental models: knowledge, creativity, relationship, strategy, experience, and risk management. For measurement purposes, the set of cognitive variables was elaborated from the literature, considering the possible positive influence on organizational absorptive capacity. Figure 1 presents the conceptual model and research hypotheses.

Figure 1 -
Conceptual theoretical model and research hypotheses

We considered the three capacities (recognition, assimilation, and application) to measure the dependent variable ACAP, according to the approach proposed by Cohen and Levinthal ( 1989Cohen, W. M., & Levinthal, D. A. (1989). Innovation and learning: the two faces of R & D. The Economic Journal, 99(397), 569-596. Retrieved fromhttps://www.jstor.org/stable/2233763 doi: 10.2307/2233763
https://www.jstor.org/stable/2233763...
, 1990Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. Retrieved fromhttps://www.jstor.org/stable/2393553?origin=crossref doi: 10.2307/2393553
https://www.jstor.org/stable/2393553?ori...
) and Lane, Koka and Pathak ( 2006Lane, P. J., Koka, B. R., & Pathak, S. (2006). The reification of absorptive capacity: a critical review and rejuvenation of the construct. The Academy of Management Review, 31(4), 833–863. Retrieved fromhttp://www.jstor.org/stable/20159255
http://www.jstor.org/stable/20159255...
). We used the following references: Cadiz, Sawyer and Griffith ( 2009Cadiz, D., Sawyer, J. E., & Griffith, T. L. (2009). Developing and validating field measurement scales for absorptive capacity and experienced community of practice. Educational and Psychological Measurement, 69(6), 1035-1058. Retrieved fromhttps://journals.sagepub.com/doi/pdf/10.1177/0013164409344494 doi: 10.1177/0013164409344494
https://journals.sagepub.com/doi/pdf/10....
), Cappellari ( 2017Cappellari, G. (2017). Inteligência de mercado e desenvolvimento de capacidades dinâmicas: relações na gestão estratégica dos negócios (Dissertação de Mestrado). Universidade Regional do Noroeste do Rio Grande do Sul – UNIJUI, Ijuí, Rio Grande do Sul, Brasil. Retrieved fromhttps://bibliodigital.unijui.edu.br:8443/xmlui/bitstream/handle/123456789/5704/Gabriela%20Cappellari.pdf?sequence=1
https://bibliodigital.unijui.edu.br:8443...
), and Enkel, Heil, Hengstler and Wirth ( 2017Enkel, E., Heil, S., Hengstler, M., & Wirth, H. (2017). Exploratory and exploitative innovation: To what extent do the dimensions of individual level absorptive capacity contribute? Technovation, 60-61, 29-38. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0166497216302346?via%3Dihub doi: 10.1016/j. technovation.2016.08.002
https://www.sciencedirect.com/science/ar...
) to prepare the data collection instrument.

The instrument underwent validation by two experts to investigate possible ambiguous or difficult-to-understand items, allowing the elimination or inclusion of new items and ensuring the effective structuring of the questions ( Devellis, 2016Devellis, R. F. (2016). Scale development: Theory and applications (4th ed.). Newbury Park, CA: Sage Publications.). The experts recommended significant adjustments concerning the questions’ verbal agreement since the company is considered the social body of the entrepreneur, that is, as an immediate reflection of the leader’s personality ( Bazzo, 2011Bazzo, P. S. (2011). O impacto da consultoria ontopsicológica no desempenho organizacional (Dissertação de mestrado). Universidade Federal de Santa Maria, Santa Maria, Rio Grande do Sul, Brasil. Retrieved fromhttp://repositorio.faculdadeam.edu.br/xmlui/bitstream/handle/123456789/341/PAULA%20SILVA%20BAZZO.pdf?sequence=1&isAllowed=y
http://repositorio.faculdadeam.edu.br/xm...
).

3.3 Data analysis procedures

The theoretical relationships investigated in the research were analyzed through Structural Equation Modeling (SEM) ( Ringle, Silva & Bido, 2014Ringle, C. M., Silva, D. da, & Bido, D. S. (2014). Modelagem de equações estruturais com utilização do SmartPLS. Revista Brasileira de Marketing, 13(2), 56-73. Retrieved fromhttps://periodicos.uninove.br/remark/article/view/12032 doi: 10.5585/remark.v13i2.2717
https://periodicos.uninove.br/remark/art...
) to answer the established hypotheses. For analysis of the measurement model1 Measurement model (also referred to as external model - outer model), which report the relationships between constructs and indicator variables (Hair et al., 2014).

1 Measurement model (also referred to as external model - outer model), which report the relationships between constructs and indicator variables (Hair et al., 2014). with the SEM technique, the SmartPLS® software version 3.2.8 was used. The use of Smart-PLS in SEM is based on a set of non-parametric evaluation criteria, employing procedures such as bootstrapping and blindfolding for the evaluation of the measurement model of the measures of the constructs (convergent and discriminant validity and internal and composite reliability) and of the structural model2 Structural model (also called inner model), which highlights the relationships (paths) between the constructs (Hair et al., 2014).

2 Structural model (also called inner model), which highlights the relationships (paths) between the constructs (Hair et al., 2014).(size and significance of path coefficients [path], predictive validity of the model [R²], and effect sizes [F²]) ( Hair, Hult, Ringle, & Sarstedt, 2013, 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.).

The first hypothesis to be evaluated deals with the influence of mental models on organizational absorptive capacity. The other hypotheses suggest the influence of cognitive variables: knowledge, creativity, relationship, strategy, experience, and risk management on organizational absorptive capacity.

Thus, two reflective models were estimated to meet this research’s hypotheses because of the impossibility of establishing hypotheses in which the indicators are related. Although the present hypotheses relationships between latent variables (VL), they must be understood as indicators when used to measure the second-order LV ( Garver & Mentzer, 1999Garver, M. S., & Mentzer, J. T. (1999). Logistics research methods: employing structural equation modeling to test for construct validity. Journal of Business Planning, 20(1), 33-57.). Thus, the first model includes second-order latent variables and intends to respond to hypothesis H1. The second model includes first-order latent variables (VL) and seeks to respond to hypotheses H2, H3, H4, H5, H6, and H7. Next, we present the analysis and discussion of the research findings.

4 ANALYSIS OF RESULTS

4.1 Sample characterization

A total of 132 companies belonging to the innovation centers of COMUNG and the ACAFE System took part in the study. We found that most of the participants were in the situation of incubated companies, making up 50% (65) of the sample of this study. At this stage, the company supports the enterprise’s development by promoting favorable conditions for its growth, followed by graduated companies with 25% (34).

After being strengthened for a certain period, companies entering the market may or may not maintain the link with the incubator. Pre-incubated companies are represented by 25% (32), a stage in which companies are encouraged to develop their business potential, benefiting from sponsorship to start the enterprise effectively.

As a segment of activity, the largest representativeness (45 companies) of the sample studied was Information Technology (IT), with the development of management software, hardware, and digital solutions. The industry sector also presented representation and health, communication, and services, among others mentioned.

4.2 Evaluation of the measurement model – 1st estimated model (H1)

The estimated model (H1) was evaluated for its convergent validity (Average Variance Extracted - AVE), reliability, and discriminant validity (Fornell-Lacker criterion and cross-loadings), recommended by Hair et al. ( 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.) for reflective models.

Table 2 -
Correlation matrix, discriminant validity (Fornell-Larcker criterion), AVE e CR – 1st estimated model

This validation process observed the factor loading coefficients for each first and second-order LV indicator. As parameters for the first estimated model, factor loadings >0.6 were maintained, according to Hair et al. ( 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.). For optimization and objectification purposes, ( Table 2) presents the correlation matrix. On its diagonal, the values refer to the discriminant validity (Fornell-Larcker criterion) and the AVE and CR values of the order of the first and second-order variables.

The AVE values of the APL, ASS, CONH, CRIAT, ESTRAT, EXPER GESTRISC, REC, and REL indicators reached values >0.50. For the CR of the first order, LV values >0.70 were obtained, with the variable with the highest value being APL, with 0.907. Also, the analyzed data presented statistical normality for the second order VL, ACAP, and MODEL. The reliability indicators were higher than 0.50 for AVE and >0.70 for CR.

In the first analysis for the discriminant validity, cross-loadings were considered. It is possible to verify that the indicators of the first and second-order LVs have higher values relative to the corresponding ones, which ensures their discriminant validity. For the analyzed constructs in which the criteria were met, we inferred that the assertions are effectively observable indicators proposed in this research.

In addition to this analysis, Hair et al. ( 2009Hair, J. F., Black, B., Babin, B., Anderson, R. E., & Tatham, R. L. (2009). Análise multivariada de dados. Porto Alegre: Bookman.; 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.) emphasize using a second criterion, the Fornell-Larker, where the values on the main diagonal must be higher than the values in the respective rows and columns (correlations), evidencing the presence of discriminant validity.

Thus, the correlations between the VL, in which it is possible to verify that they are smaller than the square root of the AVE (indicators have a stronger relationship with its VL than with the other VL), confirming the discriminant validity ( Table 2). After conducting the measurement step of the first reflective model, we proceed to the analysis of the structural model and the realization of the H1 hypothesis test.

4.3 Evaluation of the structural model – 1st estimated model (H1)

The analysis of the structural model seeks to verify the statistical validity and confirm the adequacy of the measurement model, attesting to the significance of therelationships between the study constructs and the confirmation of the hypothesis. Table 3 shows the results of the path, t-value, p-value F² and R² tests.

The level of significance, the t-value of the VL, is more significant than 1.96, demonstrating that the model is adequate and with a significance level of 5%. For structural relationships of H1, the f² of 1.515 was >0.35. The reference value of 0.02 is considered minor, the value of 0.15 is considered medium, and the value of 0.35 is considered significant ( Hair et al., 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.). Next, we present the tests for the second estimated model.

Table 3 -
Structural Model Results – 1st Estimated Model

4.4 Evaluation of the measurement model – 2nd Estimated Model (H2, H3, H4, H5, H6 e H7)

Tests were performed for CVA for this >0.50 and CR >0.70, as Hair et al. ( 2009Hair, J. F., Black, B., Babin, B., Anderson, R. E., & Tatham, R. L. (2009). Análise multivariada de dados. Porto Alegre: Bookman., 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.) recommended. We eliminated indicators with factor loadings >0.6 ( Hair et al., 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.). Continuing, Table 4 presents the correlation matrix of the second estimated model, where, on the diagonal, are the values referring to the discriminant validity (Fornell-Larcker), as well as the values of AVE and CR.

As seen for the first order LV, all indicators reached values >0.50 for AVE and >0.70 for CR. The existence of discriminant validity (cross-loadings) in the second model, considering the Fornell-Larcker criterion, where the values of the square root of the AVE are higher than the values of the existing correlation between the cognitive mental models’ variables and ACAP, we infer the discriminant validity. Next, we present the analysis of the structural model, as well as the tests of hypotheses H2, H3, H4, H5, H6, and H7.

Table 4 -
Correlation matrix, discriminant validity (Fornell-Larcker criterion), AVE and CR - 2nd estimated model

As seen for the first order LV, all indicators reached values >0.50 for AVE and >0.70 for CR. The existence of discriminant validity (cross-loadings) in the second model, considering the Fornell-Larcker criterion, where the values of the square root of the AVE are higher than the values of the existing correlation between the cognitive mental models’ variables and ACAP, we infer the discriminant validity. Next, we present the analysis of the structural model, as well as the tests of hypotheses H2, H3, H4, H5, H6, and H7.

4.5 Evaluation of the structural model – 2nd estimated model (H2, H3, H4, H5, H6 e H7)

The results of the second structural model are represented in Table 5, where it is possible to verify the VL’s effect in the ACAP construct.

Regarding the evaluation of the effect size (f²), the results revealed that the relationships of VL CONH, CRIAT, and GESTRISC with ACAP are of medium and large effect, considering that Hair et al. ( 2013Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2013). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London: Sage Publications.) indicate a value of 0.15 as a mediumeffect and a value of 0.35 as a significant effect. Therefore, the results suggest that the cognitive variables of the incubated entrepreneurs’ mental models significantly predict organizational ACAP. Furthermore, we infer that the hypotheses H2, H3, and H7 proved adequate for the model, as they presented a t-value greater than 1.96, with a significance of 5%. After concluding this analysis stage of the two estimated models, we discuss the results.

Table 5 -
Structural model results – second estimated model

5 DISCUSSION OF RESULTS

Table 6 shows the seven hypotheses tested in this study, four of which were supported, namely, H1, H2, H3, and H7. H1 is about the influence of mental models on organizational ACAP, and hypotheses H2, H3, and H7 assess the influence of knowledge, creativity, and risk management variables on organizational ACAP. Among those that were not supported is the influence of the entrepreneur’s relationship, strategy, and experience in developing organizational ACAP.

As can be seen, the first hypothesis (H1), which indicated the effect of mental models on organizational ACAP, found empirical support. Through institutional/ business mechanisms, such as technological research and the interaction betweencommunity and university, incubated companies become better prepared to transform knowledge into innovative products or services. This interaction can contribute to an increase in the competitive capacity of the new company through its innovative activities. Chen and Edgington ( 2005Chen, A. N. K., & Edgington, T. M. (2005). Assessing value in organizational knowledge creation: considerations for knowledge workers. MIS Quarterly, 29(2), 279-309. Retrieved fromhttps://www.jstor.org/stable/25148680 doi: 10.2307/25148680
https://www.jstor.org/stable/25148680...
) and Belkhodja ( 2022Belkhodja, O. (2022). Managing Knowledge Resources in Family Firms: Opportunity or Challenge? Sustainability, 14(9), 5087. Retrieved fromhttps://www.mdpi.com/2071-1050/14/9/5087 doi: 10.3390/su14095087
https://www.mdpi.com/2071-1050/14/9/5087...
) validate the supported H1 that individuals have varied aptitudes to reconfigure patterns and modify mental models to build a new understanding of knowledge acquired from external sources.

Table 6 -
Validation of the researched hypotheses

There is substantial evidence that mental models influence decision-making since managers search for knowledge and combine strategic choices with understanding the business environment (Gary, M. S., Wood, R. E., & Pillinger, T. (2012). Enhancing mental models, analogical transfer, and performance in strategic decision making. Strategic Management Journal, 33(11), 1229-1246. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/smj.1979 doi: 10.1002/smj.1979
https://onlinelibrary.wiley.com/doi/10.1...
Gary & Wood, 2011). In this context, Zhao and Parry ( 2012Zhao, Y. L., & Parry, M. E. (2012). Mental Models and Successful First‐mover Entry Decisions: Empirical Evidence from Chinese Entrepreneurs. Journal of Product Innovation Management, 29(4), 590-607. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1111/j.1540-5885.2012.00927.x doi:10.1111/j.1540-5885.2012.00927.x
https://onlinelibrary.wiley.com/doi/10.1...
) state that knowledge is necessary to deal with the multidimensional challenges of complex organizational realities. Strategic leaders have a key role to play in preparingtheir organizations for episodic disruptions. These include developing their adaptive capabilities ( Adobor, Darbi & Damoah, 2021Adobor, H., Darbi, W. P. K., & Damoah, O. B. O. (2021). Strategy in the era of “swans”: the role of strategic leadership under uncertainty and unpredictability. Journal of Strategy and Management, ahead-of-print. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/JSMA-09-2020-0242/full/html Doi:10.1108/JSMA-09-2020- 0242
https://www.emerald.com/insight/content/...
). Knowledge also allows managers to use mental models to respond adequately in work environments, evidencing the relationship supported by the empirical part for the second hypothesis (H2). It is possible to infer that knowledge positively influences ACAP.

Based on this evidence, we emphasize universities’ role in the interaction process between the community and the incubated companies. The latter constitutes an intermediary agent in this relationship to disseminate organizational and technological knowledge, promote entrepreneurial activities, and means for elaborating projects and commercialization, deriving from research and teaching.

The third hypothesis (H3) supported in this study deals with the influence of the variable cognitive creativity on organizational ACAP. Business incubators stand out as converging environments for innovation and entrepreneurship, strengthened by university-business-government relationships for local development. Therefore, creativity in these environments is a complex, multifaceted phenomenon that encompasses the construction of knowledge from several approaches. The involvement with the nature of creative thinking, the distinctive characteristics of a creative person, the development of creativity over time, and the environments most strongly related to creative activities are examples of approaches.

Confirming this hypothesis corroborates the findings of Nyilasy, Canniford and Kreshel (2013)Nyilasy, G., Canniford, R, & Kreshel, P. J. (2013). Ad agency professional’s mental models od advertising creativity. European Journal of Marketing, 47(10), 1691-1710. Retrieved fromhttps://www.researchgate.net/publication/259843920_Ad_agency_professionals%27_mental_models_of_advertising_creativity doi: 10.1108/EJM-11- 2011-0651
https://www.researchgate.net/publication...
, who researched the mental models of professionals in advertising agencies. The results indicated that mental models of creativity are multifaceted and dynamically linked. Furthermore, Zhao, Jiang, Peng, and Hong ( 2020Zhao, S., Jiang, Y., Xiaobao, P. & Hong, J. (2020). Knowledge sharing direction and innovation performance in organizations: Do absorptive capacity and individual creativity matter? European Journal of Innovation Management, 24(2), 371-394. Retrieved fromhttps://www.emerald.com/insight/content/doi/10.1108/EJIM-09-2019-0244/full/html doi:10.1108/EJIM-09-2019-0244
https://www.emerald.com/insight/content/...
) state that organizational absorptive capacity depends on the interaction between organizational members when using knowledge, that is, individual creativity. They point out that improving individual creativity can also promote increased efficiency in using knowledge.

On the other hand, it was impossible to support the relationship established in the fourth hypothesis of this study (H4), which advocated the effect of the cognitivevariable relationship on organizational ACAP. For Lane and Lubatkin ( 1998Lane, P. J., & Lubatkin, M. (1998). Relative absorptive capacity and inter-organizational learning. Strategic Management Journal, 19(5), 461-477. Retrieved fromhttps://onlinelibrary.wiley.com/doi/10.1002/%28SICI%291097-0266%28199805%2919%3A5%3C461%3A%3AAID-SMJ953%3E3.0.CO%3B2-L doi:10.1002/(SICI)1097-0266(199805)19:5<461:AID-SMJ953>3.0.CO;2-L
https://onlinelibrary.wiley.com/doi/10.1...
), the ability to develop new relationships is based on the relationship with partners who have and share knowledge, not just the exchange of experiences in the market and operation. This indicator may be related to the presence of entrepreneurs within the physical space of the incubator so that it is possible to exchange experiences and create relationship ties.

Vieira, Briones-Peñalver and Cegarra-Navarro ( 2015Vieira, C. L. C., Briones-Peñalver, A.-J ., & Cegarra-Navarro, J.-G. (2015). Absorptive Capacity and Technology Knowledge: Enhancing Relational Capital. Knowledge and Process Management, 22(4), 305-317. Retrieved fromhttps://onlinelibrary.wiley.com/doi/full/10.1002/kpm.1494 doi: 10.1002/kpm.1494
https://onlinelibrary.wiley.com/doi/full...
) state that the impact of relational capital on absorptive capacity may depend on moderating factors such as external connectivity and technological networks. They reinforce by arguing that relational capital may depend on the company’s ability to culturally adapt to changes in the organizational environment through a continuous learning process to impact absorptive capacity. Given the environment proposed by the incubators, we assume that the companies incubated there are similar in their knowledge bases and organizational structures since technological specificity is a prerequisite for incubation.

Likewise, the fifth hypothesis (H5) did not obtain empirical support in this study, whose relationship indicated the effect of the cognitive variable strategy on organizational ACAP. Although the incubator supports the incubated entrepreneurs’ decision-making, many entrepreneurs still make their decisions in an emergent way. When the practice of strategic planning is neglected, the strategy has to be prepared urgently.

Hill and Levenhagen ( 1995Hill, R. C., & Levenhagen, M. (1995). Metaphors and mental models: Sensemaking and sensegiving in innovative and entrepreneurial activities. Journal of Management, 21(6), 1057-1074. Retrieved fromhttps://journals.sagepub.com/doi/10.1177/014920639502100603 doi: 10.1016/0149-2063(95)90022-5
https://journals.sagepub.com/doi/10.1177...
) consider that entrepreneurs must be able to deal with dynamic and sometimes uncertain environments. It would require them to develop a mental model of how to act in their environments and communicate their interests and goals. However, sometimes what happens is an interpretation of the environment, by the entrepreneur, in a limited way. The sixth hypothesis (H6) refers to the relationship of the influence of the experience variable on organizational ACAP, which is the third hypothesis whose established relationships did not find empirical support.

The construction of mental models is a dynamic process between the cognitive process and its network of established social relationships, which may vary over timeand according to acquired experiences ( LeBoterf, 2003LeBoterf, G. (2003). Desenvolvendo a competência dos profissionais. Porto Alegre: Artmed.; Lucas & Nordgren, 2022Lucas, B. J., & Nordgren, L. F. (2022). Lay people’s beliefs about creativity: Evidence for an insight bias. Trends in Cognitive Sciences, 26(1), 6-7. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S1364661321002369?via%3Dihub doi: 10.1016/j.tics.2021.09.007
https://www.sciencedirect.com/science/ar...
). Corroborating the author above, Kim ( 1993Kim, D. H. (1993). The link between individual and organizational learning. Sloan Management Review, (Fall), 37-50.) states that individuals’ experiences lead to the development of mental models that reflect how individuals value and understand new knowledge, a link to the acquisition dimension Following ( Senge, 1990Senge, P. M. (1990). The Fifth Discipline: The Art and Practice of the Learning Organization. London: Currency and Doubleday.), we also suggest that mental models influence how individuals see the world and affect their understanding of new knowledge.

Thus, individuals’ memories play a role in the development of mental models. Memory allows individuals to retain knowledge and make judgments based on it ( Kim, 1993Kim, D. H. (1993). The link between individual and organizational learning. Sloan Management Review, (Fall), 37-50.; Lucas & Mai, 2022Lucas, B. J., & Mai, K. M. (2022). Illumination and elbow grease: A theory of how mental models of the creative process influence creativity. Organizational Behavior and Human Decision Processes, 168, 104107. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0749597821001035 doi: 10.1016/j.obhdp.2021.104107
https://www.sciencedirect.com/science/ar...
). In other words, past experiences and knowledge impact the intuition of innovative ideas and the search for new external knowledge. The non-support of the H5 can be linked to the experience impacts more on the acquisition dimension than on the absorptive capacity.

Organizational ACAP is based on the accumulation of experience and must be articulated and codified in knowledge ( Engelman & Fracasso, 2013Engelman, R., & Fracasso, E. M. (2013). Contribuição das incubadoras tecnológicas na internacionalização das empresas incubadas. Revista de Administração, 48(1), 165- 178. Retrieved fromhttps://www.scielo.br/j/rausp/a/yhsWjHn587fMsTPnq7ktSfD/?lang=pt#:~:text=Os%20resultados%20demonstram%20que%20a,n%C3%A3o%20programa%20de%20internacionaliza%C3%A7%C3%A3o%20formalizado doi: 10.5700/rausp1080
https://www.scielo.br/j/rausp/a/yhsWjHn5...
). We believe this finding may be related to the decisions that direct the behavior of the employee entrepreneur. The entrepreneur uses biases and previous assumptions that worked at a given moment. Abrantes, Passos, Cunha and Santos ( 2022Abrantes, A. C., Passos, A. M., Cunha, M. P. E., & Santos, C. M. (2022). Getting the knack for team-improvised adaptation: The role of reflexivity and team mental model similarity. The Journal of Applied Behavioral Science, 58(2), 281-315. Retrieved fromhttps://journals.sagepub.com/doi/full/10.1177/00218863211009344 doi:10.1177/00218863211009344
https://journals.sagepub.com/doi/full/10...
) when repeating the decisions made at that moment, they are not assertive. the team effects mental model similarity, reflexivity in action, and transitional reflexivity in improvised teamsvadaptation performance and improvised team adaptation learning

The seventh and last hypothesis (H7) of this study verified the influence of the risk management variable on organizational ACAP, and the results supported its acceptance. Risk management is related to the organization’s internal and external changes; therefore, entrepreneurs must identify and manage them to minimize their potential ( Behling, 2019Behling, G. (2019). Modelos mentais e oportunidades empreendedoras: a influência dos modelos mentais no desenvolvimento de oportunidades (Tese de doutorado). Universidade do Vale do Itajaí, Biguaçu, Santa Catarina, Brasil. Retrieved fromhttps://www.oasisbr.ibict.br/vufind/Record/BRCRIS_bed44287228597555ecf45140402d4a2
https://www.oasisbr.ibict.br/vufind/Reco...
). When there is high market uncertainty, companies with high absorptive capacity can quickly perceive external changes. If they understand these changes correctly, companies will be able to find hidden business opportunities, quickly seize market opportunities and enter the market before their competitors. Thus, theycan monopolize a dominant position and reduce external risks and disadvantages caused by environmental dynamism Engelen, Kube, Schmidt and Flatten ( 2014Engelen, A., Kube, H., Schmidt, S., Flatten, T.C. (2014). Entrepreneurial orientation in turbulent environments: The moderating role of absorptive capacity. Research Policy, 43(8), 1353–1369. Retrieved fromhttps://www.sciencedirect.com/science/article/pii/S0048733314000419 doi: 10.1016/j.respol.2014.03.002
https://www.sciencedirect.com/science/ar...
).

The high absorptive capacity allows companies to redistribute existing resources and external access information quickly. It also understands the information and leverages it effectively to adapt to the unfamiliar environment ( Teece et al., 1997Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533. Retrieved fromhttps://www.jstor.org/stable/3088148
https://www.jstor.org/stable/3088148...
; Zahra, Sapienza & Davidsson, 2006Zahra, S. A., Sapienza, H. J., & Davidsson, P. (2006). Entrepreneurship and dynamic capabilities: A review, model and research agenda. Journal of Management Studies, 43(4), 917–955. Retrieved fromhttps://onlinelibrary.wiley.com/doi/full/10.1111/j.1467-6486.2006.00616.x doi:10.1111/j.1467-6486.2006.00616.x
https://onlinelibrary.wiley.com/doi/full...
). The information processing for risk recognition in new ventures occurs in two stages: selecting relevant information from the environment and evaluating this information ( Yang & Zhang, 2015Yang, J., & Zhang, J. (2015). Social networks, cognition and risk recognition in new ventures: evidence from China. Journal of Developmental Entrepreneurship, 20(2), 1550012. Retrieved fromhttps://www.worldscientific.com/doi/abs/10.1142/S1084946715500120. doi: 10.1142/S1084946715500120
https://www.worldscientific.com/doi/abs/...
). Hence, contributing to organizational ACAP.

6 FINAL CONSIDERATIONS

This research aimed to analyze the effect of entrepreneurs’ mental models on absorptive capacity in incubated companies. The research adopted a quantitative approach through structural equation modeling. The application of the questionnaire obtained 132 responses from incubated companies belonging to the Consortium of Community Universities of Rio Grande do Sul (COMUNG) and the Santa Catarina Association of Educational Foundations (ACAFE). From the results found, it was possible to evidence a positive effect between the cognitive variables: knowledge, creativity, and risk management in the organizational ACAP in the companies surveyed, being possible to infer how the mental models of the entrepreneurs in this sample are constituted and configured as a significant predictor of organizational ACAP development. And it would be opportune for other researchers to take into account the maturity stages of companies, as well as the segment in which they operate, gender.

The findings of this study reinforced results found in previous studies, especially about cognitive variables: knowledge, creativity, and risk management, revealing a positive effect on their relationships. Therefore, the practical application of knowledge in organizational practices is the ACAP practiced by entrepreneurs, who are directly involved in this process of knowledge absorption. Creativity refers to the ability togenerate latest ideas and creating novel solutions with creativity. It is during the creative process that entrepreneurs use mental models.

Furthermore, risk management, linked to the ability to select relevant information from the environment and evaluate it, is seen as an individual’s tendency to assume or avoid risk, strongly influenced by mental models. In this study, the cognitive variables relationship, strategy, and experience did not affect organizational ACAP, which disagreed with the literature findings. The non-confirmation of such relationships may be related to the sample’s specificity. They are young companies that, while internally developing their values and practices and forming a culture, entrepreneurs modify and are modified when interacting in this environment.

From this perspective, this study’s main contribution is presenting a set of mental models’ cognitive variables related to organizational ACAP, as pointed out by the literature. Furthermore, understanding how entrepreneurs’ mental models influence organizational ACAP can help to understand under which situations an incubated venture is more likely to be successful or not in the same way, it can be essential and valuable when the growth of enterprises makes their structuring or restructuring imperative and mandatory. Also, in this task, personal characteristics and mental models can significantly influence the diagnosis and solution of management problems since their decisions will impact the enterprise’s success and future.

As this is applied research with entrepreneurs of incubated companies, the study did not differentiate between the incubation phases of the companies, which is a limitation of the study. This practice, in turn, can contribute to different findings, as early-stage entrepreneurs can employ a cognitive structure to value opportunities. In addition, a more in-depth characterization of the type of enterprise, size, and activity segment can help understand the cognitive variables employed by entrepreneurs in dynamic sectors.

Although the analysis option of this study has been a quantitative approach, some of the relationships established did not find empirical support. In this way, understanding how the relationship between the cognitive variables of the mental models of entrepreneurs occurs in organizational ACAP from a qualitative approach, may allow for in-depth observations regarding the relationships investigated in this study. Further studies are encouraged so that other cognitive variables that influence the development of ACAP can be investigated from a multilevel perspective in different segments.

Contribution of authors

REFERENCES

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  • Measurement model (also referred to as external model - outer model), which report the relationships between constructs and indicator variables (Hair et al., 2014).
  • Structural model (also called inner model), which highlights the relationships (paths) between the constructs (Hair et al., 2014).

Edited by

Edited by

Jordana Marques Kneipp

Publication Dates

  • Publication in this collection
    27 Oct 2023
  • Date of issue
    2023

History

  • Received
    26 Oct 2022
  • Accepted
    24 June 2023
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