Resource reconfiguration by surviving SMEs in a disrupted industry
研究了在技术冲击和持续市场萎缩中幸存的中小企业如何通过组合利用双元能力、吸收能力和敏捷性来重构内部资源、减少对外部衰退网络的依赖,从而实现增长,为面临冲击的企业提供了实用路径。
This paper investigates the strategies employed by surviving small and medium sized enterprises (SMEs) in a technologically disrupted industry facing continuous market decline. Using fuzzy-set qualitative comparative analysis, we discover multiple strategy combinations utilized by survivors to grow. Key findings suggest firms utilize ambidexterity, absorptive capacity, and agility to reconfigure their internal resources and reduce their reliance on the declining external network. This process increases self-reliance and returns higher rates of growth. These findings run counter to extant research which suggests increased network integration is a way for SMEs to overcome resource limitations. We attribute this difference to the context of firms operating in disrupted, declining markets. This study contributes to research on dynamic capability theory, warning against an over-reliance on external resources in a declining market and in doing so it provides practical paths for growth for SMEs facing disruption.