Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View

This study aims to identify and analyse the success factors of small and medium-sized enterprises (SMEs) following the lines of dynamic capabilities and resources-based views. To achieve this objective, the multiple case study method was followed, where 10 SMEs/cases in Portugal were selected. From...

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Autores principales:	Margarida Rodrigues, Mário Franco, Rui Silva, Cidália Oliveira
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	SMEs success factors owner-managers dynamic capabilities resource-based view Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/3abe7162f5e2406b92d64bdddd1a05e7
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spelling	oai:doaj.org-article:3abe7162f5e2406b92d64bdddd1a05e72021-11-11T19:50:49ZSuccess Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View10.3390/su1321123012071-1050https://doaj.org/article/3abe7162f5e2406b92d64bdddd1a05e72021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/12301https://doaj.org/toc/2071-1050This study aims to identify and analyse the success factors of small and medium-sized enterprises (SMEs) following the lines of dynamic capabilities and resources-based views. To achieve this objective, the multiple case study method was followed, where 10 SMEs/cases in Portugal were selected. From a content analysis of the interviews conducted to the owner-managers of these SMEs, the most important success factors identified were: (1) strategic planning, (2) manager/management capacity, (3) entrepreneurship and innovation, (4) human resources, (5) networks/partnerships, and (6) financing. These factors are considered as drivers of sustained growth and creation of competitive advantage for SMEs in their regions. The results also show that SMEs are oriented towards success, although some evolution is still needed in the way they are managed, where the transition from a “domestic/entrepreneurial” management to a “professional” management and a greater focus on the rarity of their resources and on the dynamic capabilities of their human capital stand out. Conclusions, implications and a future research agenda are also outlined.Margarida RodriguesMário FrancoRui SilvaCidália OliveiraMDPI AGarticleSMEssuccess factorsowner-managersdynamic capabilitiesresource-based viewEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12301, p 12301 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	SMEs success factors owner-managers dynamic capabilities resource-based view Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	SMEs success factors owner-managers dynamic capabilities resource-based view Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Margarida Rodrigues Mário Franco Rui Silva Cidália Oliveira Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View
description	This study aims to identify and analyse the success factors of small and medium-sized enterprises (SMEs) following the lines of dynamic capabilities and resources-based views. To achieve this objective, the multiple case study method was followed, where 10 SMEs/cases in Portugal were selected. From a content analysis of the interviews conducted to the owner-managers of these SMEs, the most important success factors identified were: (1) strategic planning, (2) manager/management capacity, (3) entrepreneurship and innovation, (4) human resources, (5) networks/partnerships, and (6) financing. These factors are considered as drivers of sustained growth and creation of competitive advantage for SMEs in their regions. The results also show that SMEs are oriented towards success, although some evolution is still needed in the way they are managed, where the transition from a “domestic/entrepreneurial” management to a “professional” management and a greater focus on the rarity of their resources and on the dynamic capabilities of their human capital stand out. Conclusions, implications and a future research agenda are also outlined.
format	article
author	Margarida Rodrigues Mário Franco Rui Silva Cidália Oliveira
author_facet	Margarida Rodrigues Mário Franco Rui Silva Cidália Oliveira
author_sort	Margarida Rodrigues
title	Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View
title_short	Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View
title_full	Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View
title_fullStr	Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View
title_full_unstemmed	Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View
title_sort	success factors of smes: empirical study guided by dynamic capabilities and resources-based view
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/3abe7162f5e2406b92d64bdddd1a05e7
work_keys_str_mv	AT margaridarodrigues successfactorsofsmesempiricalstudyguidedbydynamiccapabilitiesandresourcesbasedview AT mariofranco successfactorsofsmesempiricalstudyguidedbydynamiccapabilitiesandresourcesbasedview AT ruisilva successfactorsofsmesempiricalstudyguidedbydynamiccapabilitiesandresourcesbasedview AT cidaliaoliveira successfactorsofsmesempiricalstudyguidedbydynamiccapabilitiesandresourcesbasedview
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Success Factors of SMEs: Empirical Study Guided by Dynamic Capabilities and Resources-Based View

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