Is a capability located within the organisation. It involves the ability of the company to seize available opportunity in the business environment, thereafter utilise both organisational value and external knowledge to improve the business.
Published in Chapter:
Strategic Capabilities for the Sustainability of Small, Medium, and Micro Enterprises
Sulaiman Olusegun Atiku (Namibia University of Science and Technology, Namibia) and Abiola Afolakemi Abatan (University of KwaZulu-Natal, South Africa)
Copyright: © 2021
|Pages: 28
DOI: 10.4018/978-1-7998-3171-6.ch002
Abstract
Sustainability of small, medium, and micro enterprises has been an issue due to the lack of strategic capability of many entrepreneurs. This chapter examines the strategic capabilities that are necessary for the sustainability of small, medium, and micro-enterprises. A literature review approach was adopted by the authors to examine the relationship between the measures of strategic capability of small, medium, and micro-enterprises, and the sustainability measures of the small, medium, and micro-enterprises. The result shows that there is a positive relationship between strategic capability and sustainability of small, medium, and micro-enterprises. The measures of strategic capability include sensing, seizing, transforming, and innovative capabilities. The sustainability measures of the small, medium and micro enterprises are strategic objectives, customer satisfaction, and retention, organisational value, networking, availability of resources, innovation capability, profitability, and organisational competitiveness.