The role of social capital in augmenting strategic renewal of SMEs: does entrepreneurial orientation and organizational flexibility really matter?

Khan, Samar Hayat; Majid, Abdul; Yasir, Muhammad; Javed, Asad; Shah, Hassan A.

doi:10.1108/wjemsd-04-2020-0029

Cited by 12 publications

(13 citation statements)

References 71 publications

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“…Researchers base most of the methods and guidelines to gauge social outcomes on impact assessment, despite the social value being a more objective and direct outcome. SEIs commit themselves directly to this result (Hlady-Rispal & Servantie, 2018; Khan et al. , 2021).…”

Section: Literature Reviewmentioning

confidence: 97%

“…The social value is noticeable by assessing social need and SEI’s direct action on it, being what SEI produces and delivers (Clark & Brennan, 2012; Hadad & Găucă, 2014; Khan et al. , 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Meanwhile, SEIs are criticized for failing to report their value (Ormiston & Seymour, 2011), despite the lack of consensual recommendations (Bosma, Schøtt, Terjesen, & Kew, 2016). Moreover, techniques based on the social perspective are underdeveloped (European Commission, 2016; Khan, Yasir, Shah, & Majid, 2021; Rawhouser et al ., 2019).…”

Section: Introductionmentioning

confidence: 99%

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Social value appraisal: cutting the Gordian knot

Ciccarino

Rodrigues

Silva

2022

INMR

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PurposeSocial initiatives must disclose their results to access support. However, there is no theoretical consensus about how to do it. It is still necessary to understand the value creation in social initiatives because they may or not have economic goals. However, these goals serve to make the social ones feasible. This study aims to cut this Gordian knot by providing measures aligned to the value theory but developed by the social lens. It offers a non-economic-focused approach to dealing with assessment complexity and with multiple stakeholders’ needs for information.Design/methodology/approachA consolidation research path is suggested by three composed measures built upon tested and reliable scales. These value measures are discussed through narratives from Portuguese investors and social entrepreneurs in a mixed-methods design. Content analysis and online survey provided data for descriptive statistics, exploratory factor analysis and Cronbach's alpha test.FindingsThe analyses supported the value measures. Thus, they allow an effective way to assess and report the social value created. It also highlighted a potential use in preventive and corrective approaches helpful for several organizations that pursue social goals.Research limitations/implicationsThe measures were tested based on social entrepreneurs' opinions. Future studies can include beneficiaries' opinions, allowing comparisons that can help to set more realistic goals and better investment criteria.Originality/valueThe relationship between investors and initiatives can improve, boosting their impact on society. The measures can highlight prioritization choices that influence the way value is created. Hence, they serve as a sensemaking from a holistic standpoint.

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Section: Literature Reviewmentioning

confidence: 97%

Section: Literature Reviewmentioning

confidence: 99%

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Social value appraisal: cutting the Gordian knot

Ciccarino

Rodrigues

Silva

2022

INMR

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“…The concept of flexibility is presented in existing literature (see Bamel & Bamel, 2018;Khan, Majid, Yasir, Javed, & Shah, 2021) as a crucial advantage held by small businesses over large orthodox businesses. Peng, Lin and Liu (2015) argue that the necessity of flexibility for small businesses is heightened by their resource-constrained and uncertain environments, requiring that small businesses manage scarce resources whilst navigating constantly evolving settings.…”

Section: Flexibility and Small Business Performancementioning

confidence: 99%

The nexus between effectual actions and small business performance

Osuigwe

Eresia-Eke

2022

SAJBM

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Purpose: This study interrogates the interrelatedness of effectual actions and small business performance. It provides fresh insights about effectual heuristics and small business performance, as evinced in a study with data drawn from a variety of sectors.Design/methodology/approach: Based on primary data from 685 small businesses, the study examines hypothesised relationships using the partial least squares structural equation modelling technique.Findings/results: The findings reveal the varied effects of composite effectuation and its dimensions on small business performance. Composite effectuation, affordable loss and flexibility are positively related to small business performance, whilst experimentation and precommitment have negative relationships with small business performance. The study concludes that the application of effectual actions has diverse implications for small business performance.Research implications: The generalisation of findings can be limited, given that this is a single country study. Limitations notwithstanding, this article provides new empirical data, knowledge and insight about the relationship between effectual actions and small business performance. This provides a strong base for future multicountry research into effectual actions and small business performance.Practical implications: The findings of this article have implications for small businesses navigating uncertainties occasioned by resource constraints. Essentially, the findings of this study can enhance the development of a learning curriculum to improve the ability of small businesses to apply effectual heuristics in managing resource challenges.Originality/value: This article addresses the research gap in the field of entrepreneurship arising from the limited empirical studies on the relationships between effectual actions and small business performance.

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“…Therefore, we believe that the question of long-term survival of firms in foreign markets is a topic that in large extent represents a challenge for firms' executives, as well as IB scholars. The matter regards not only survival in relation to the firm's growth (KHAN et al, 2021), or how they renew themselves during crisis (AMANKWAH-AMOAH; OSABUTEY, 2021;ISSAH et al, 2023), or use digital technologies to stimulate the bifurcation of paths (BOHNSACK; KURTZ; HANELT, 2021), but also other…”

Section: Introductionmentioning

confidence: 99%

International Survival and Strategic Renewal Through Disrupt Path Dependence

Rossato

Floriani

Amal

2023

REAd. Rev. eletrôn. adm. (Porto Alegre)

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The aim of the present article is to analyze how firms can strategically renew themselves and disrupt their path dependence to survive in international markets, despite the influence of path dependence. Using a qualitative methodology, this study has adopted a single-case design, based on semi-structured interviews with employees involved in the path of an emerging market firm. Through a historic and process-driven analysis it was possible to use realtime and retrospective data. The paper leads to the start of debates about path dependence transition. It also presents the relationship between international survival, strategic renewal and path dependence disruption.

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The role of social capital in augmenting strategic renewal of SMEs: does entrepreneurial orientation and organizational flexibility really matter?

Cited by 12 publications

References 71 publications

Social value appraisal: cutting the Gordian knot

Social value appraisal: cutting the Gordian knot

The nexus between effectual actions and small business performance

International Survival and Strategic Renewal Through Disrupt Path Dependence

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