Survival Skills in SMEs—Continuous Competence Renewing and Opportunity Scanning

Kyllikki Taipale-Erävala, Hannele Lampela, Pia Heilmann

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    8 Citations (Scopus)

    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.
    Original languageUndefined/Unknown
    Pages (from-to)1–21
    JournalJournal of East-West Business
    Volume21
    Issue number1
    DOIs
    Publication statusPublished - 2015
    MoE publication typeA1 Journal article-refereed

    Keywords

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

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