Abstract
Although the dynamic managerial capabilities research acknowledges the role of cognition, it has not adequately integrated the mechanism of opportunity sensing or clarified how opportunity-recognition competencies shape dynamic capabilities. These gaps are pronounced in platform ecosystems, where algorithmic governance and restricted managerial discretion heighten the reliance on individual cognition. This study proposes a competency–cognition–capabilities framework explaining how managerial planning and networking competencies shape the microprocesses of entrepreneurial alertness (scanning, association and evaluation), which in turn translate into firms’ sensing, seizing and reconfiguring capabilities. Drawing on survey data from top-level managers of Indian platform-based e-commerce firms, we employ a two-stage PLS-SEM approach to examine both direct and mediated pathways. Planning shapes dynamic capabilities primarily through an indirect cognitive pathway, strengthening the associative and evaluative microprocesses of alertness. Alertness shapes capability development predominantly through its associative and judgement-oriented components, which drive seizing and reconfiguring, whereas scanning offers limited value in algorithmically governed environments. In contrast, networking influences capabilities mainly through direct organizational pathways, supporting resource reconfiguration and routine modification while exerting limited cognitive effects. The study advances the microfoundational theory by revealing the mechanisms and pathways through which managerial competencies and alertness collectively shape dynamic capabilities in platform ecosystems.
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