Research on the Growth Mechanism of Unicorn Enterprises in Hebei Province from the Perspective of Dynamic Capabilities : A Case Study of Jingxi Zhixing, Junlebao, Tongguang Crystal, and Kuntian New Energy
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1:1 문의
국문 초록
This study explores the growth mechanism of unicorn enterprises in Hebei Province from the perspective of dynamic capabilities. At present, only four unicorn enterprises—Jingxi Zhixing, Junlebao, Tongguang Crystal, and Kuntian New Energy—have emerged in Hebei, serving as representative cases. Using a qualitative approach that combines case studies and textual analysis, this research identifies the dynamic capability characteristics demonstrated during their growth. The findings reveal that the growth of unicorn enterprises generally follows the logic of “sensing–seizing–reconfiguring.” Specifically, Jingxi Zhixing and Tongguang Crystal achieved breakthroughs through forward-looking technology perception and research transformation; Junlebao expanded its market position via industrial chain integration; and Kuntian New Energy sustained competitiveness through strategic reconfiguration and continuous innovation. Furthermore, the regional innovation environment and policy support play a significant moderating role in shaping enterprise growth. This study not only verifies the central role of dynamic capabilities in unicorn enterprise development but also provides practical implications for local governments and enterprise managers in policy design and strategic choice.
BI Huina,LI Chunyang. (2025).Research on the Growth Mechanism of Unicorn Enterprises in Hebei Province from the Perspective of Dynamic Capabilities : A Case Study of Jingxi Zhixing, Junlebao, Tongguang Crystal, and Kuntian New Energy. Journal of Sinological Studies(JSS), 2 (9), 55-62
MLA
BI Huina,LI Chunyang. "Research on the Growth Mechanism of Unicorn Enterprises in Hebei Province from the Perspective of Dynamic Capabilities : A Case Study of Jingxi Zhixing, Junlebao, Tongguang Crystal, and Kuntian New Energy." Journal of Sinological Studies(JSS), 2.9(2025): 55-62