Survival Skills in SMEs—Continuous Competence Renewing and Opportunity Scanning

A1 Journal article (refereed)


Internal Authors/Editors


Publication Details

List of Authors: Kyllikki Taipale-Erävala, Hannele Lampela, Pia Heilmann
Publisher: Routledge Taylor & Francis Group
Publication year: 2015
Journal: Journal of East-West Business
Volume number: 21
Issue number: 1
Start page: 1
End page: 21
eISSN: 1528-6959


Abstract

This article focuses on how SMEs react in drastic environmental changes and what part competences play in business survival. The comparative qualitative case study is based on interviews in Finnish and Russian SMEs that have encountered drastic changes in their business environments. The findings indicated differences in the entrepreneurial competences of the SMEs between the countries, such as passive in environmental and/or opportunity scanning. As practical implications, we highlight the need for SMEs to invest in competence renewing to avoid competence traps. Surviving SMEs must also possess a forward-looking attitude with the opportunity exploitation and exploration.


Keywords

changing environment, comparative case study, entrepreneurial competence, Finland, Russia, SMEs, survival competence

Last updated on 2019-17-10 at 04:05