Ấn phẩm:
The influence of prospector and defender strategies on dynamic capabilities, innovation, and financial effectiveness in Vietnamese service SMEs
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Objective: The article examines the relationships between prospector and defender-oriented SMEs, dynamic capabilities, innovation, and financial effectiveness within the service sector through the resourcebased view (RBV) and dynamic capabilities view (DCV) perspectives.
Research Design & Methods: We tested a research model using data collected from 421 usable responses
of service SME founders and managers in Southeast Vietnam. We employed PLS-SEM through SmartPLS
software for analysis.
Findings: We found that prospectors significantly enhance dynamic capabilities more than defenders. Prospectors positively influence innovation, whereas defenders do not. However, dynamic capabilities drive innovation
within SMEs. While we found no direct link between dynamic capabilities and financial effectiveness, innovation
was a key predictor of SME effectiveness. Moreover, dynamic capabilities and innovation mediate the relationship
between strategic orientations and SME effectiveness.
Implications & Recommendations: This study holds valuable implications for both SME strategists and scholars. It sheds light on the strategic pathways crucial for service SMEs, stressing the significance of aligning strategic directions with dynamic capabilities and innovation to boost SME financial effectiveness.
Contribution & Value Added: This research offers a novel perspective on strategic pathways for service SMEs
in emerging markets, enriching RBV and DCV frameworks with insights specific to developing economies. It
extends the Miles and Snow framework by integrating the adaptive cycle, illustrating how dynamic capabilities
and innovation empower both prospectors and defenders to navigate change. Moreover, it addresses a gap in
the literature by exploring the application of BSC for measuring financial effectiveness within service sectors,
paving the way for its integration in measuring SME success in dynamic environments.
Tác giả
Le, Thu Hang
Mai, Ngoc Khuong
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Năm xuất bản
2025-03
ISSN tạp chí
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Từ khóa chủ đề
Economic