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    The Resource-Based View, Dynamic Capabilities and SME Performance for SMEs to Become Smart Enterprises

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     This article explores critical areas for enhancing the competitiveness of SMEs in the globalized economy. Due to the fiercer nature of current competitiveness, the business sector has to adapt and enhance their capability in response to rapid environmental changes. This article explores the Resource-Based View (RBV) and Dynamic Capability perspective and their effects on the performance of small and medium-sized enterprises (SMEs). This review shows that the concept of RBV contributes to driving SME performance. Dynamic capability, which is part of the management process, also helps in stimulating RBV to enhance the performance of SMEs and their competitive advantages. Additionally, this article provides several useful implications for policy that is related to the development of SMEs. It will, hopefully, contribute to the process of developing effective strategies within their organizations. It will also be of great value for researchers and practitioners who are involved in the SME sector

    āļĢāļ°āļšāļšāļāļēāļĢāļšāļĢāļīāļŦāļēāļĢāļ‡āļēāļ™āļ—āļĩāđˆāļĄāļļāđˆāļ‡āļœāļĨāļāļēāļĢāļ›āļāļīāļšāļąāļ•āļīāļ‡āļēāļ™āļĢāļ°āļ”āļąāļšāļŠāļđāļ‡āđāļĨāļ°āļœāļĨāļāļēāļĢāļ”āļģāđ€āļ™āļīāļ™āļ‡āļēāļ™āļ‚āļ­āļ‡āļ§āļīāļŠāļēāļŦāļāļīāļˆāļ‚āļ™āļēāļ”āļāļĨāļēāļ‡āđāļĨāļ°āļ‚āļ™āļēāļ”āļĒāđˆāļ­āļĄāđƒāļ™āļ āļēāļ„āđƒāļ•āđ‰āļ‚āļ­āļ‡āļ›āļĢāļ°āđ€āļ—āļĻāđ„āļ—āļĒ : āļāļēāļĢāļĻāļķāļāļĐāļēāļ­āļīāļ—āļ˜āļīāļžāļĨāļ‚āļ­āļ‡āļ āļēāļ§āļ°āļœāļđāđ‰āļ™āļģāđāļĨāļ°āļšāļ—āļšāļēāļ—āļ‚āļ­āļ‡āļ•āļąāļ§āđāļ›āļĢāļ„āļąāđˆāļ™āļāļĨāļēāļ‡

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    Thesis (Ph.D., Management)--Prince of Songkla University, 2019Most small and medium-sized enterprises (SMEs) in developing countries lack the internal capabilities required to achieve superior business performance. The present study examines the relationship between High Performance Work Systems (HPWS) and SMEs’ performance in Thailand. Drawing from several theoretical perspectives, the present study also seeks to examine the antecedent role of CEOs’ relationship-focused and the mediating roles of perceived organizational support (POS) and employees’ psychological empowerment. Based on the structural equation modeling (SEM) analyses of the data collected from 951 employees and 110 CEOs in 110 SMEs located in the southern region of Thailand, the results showed that the effects of CEOs’ leadership on SMEs’ performance are sequentially mediated by the aggregated employee perceptions of HPWS, perceived organizational support (POS) and psychological empowerment. Firms with higher levels of CEOs’ relationship-focused leadership are more likely to adopt and implement HPWS, in turn leading to higher levels of POS, psychological empowerment, and ultimately organizational performance. An important implication for management research that arises from this present study is that, in order for SMEs to achieve higher performance, business leaders will need to provide a supportive work environment for their employees so that they could feel supported and empowered to engage in superior performance behaviors. This highlights the importance of CEOs and their employees’ perceptions and motivation in linking HPWS and firms’ performance. This study is among the first to shed light on the role of CEOs’ leadership on HPWS and firms’ performance.āļ§āļīāļŠāļēāļŦāļāļīāļˆāļ‚āļ™āļēāļ”āļāļĨāļēāļ‡āđāļĨāļ°āļ‚āļ™āļēāļ”āļĒāđˆāļ­āļĄ āļŦāļĢāļ·āļ­ Small and Medium Enterprises (SMEs) āđƒāļ™āļ›āļĢāļ°āđ€āļ—āļĻāļ—āļĩāđˆāļāļēāļĨāļąāļ‡āļžāļąāļ’āļ™āļēāļŠāđˆāļ§āļ™āđƒāļŦāļāđˆāļĒāļąāļ‡āļ‚āļēāļ”āļ„āļ§āļēāļĄāļŠāļēāļĄāļēāļĢāļ–āđƒāļ™āļāļēāļĢāļ—āļĩāđˆāļˆāļ°āļšāļĢāļĢāļĨāļļāļœāļĨāļāļēāļĢāļ”āļēāđ€āļ™āļīāļ™āļ‡āļēāļ™āļ‚āļ­āļ‡āļ­āļ‡āļ„āđŒāļāļĢ āļāļēāļĢāļĻāļķāļāļĐāļēāļ§āļīāļˆāļąāļĒāļ„āļĢāļąāđ‰āļ‡āļ™āļĩāđ‰āļĄāļĩāļ§āļąāļ•āļ–āļļāļ›āļĢāļ°āļŠāļ‡āļ„āđŒāđ€āļžāļ·āđˆāļ­āļ—āļēāļāļēāļĢāļ•āļĢāļ§āļˆāļŠāļ­āļšāļ„āļ§āļēāļĄāļŠāļąāļĄāļžāļąāļ™āļ˜āđŒāļĢāļ°āļŦāļ§āđˆāļēāļ‡āļĢāļ°āļšāļšāļāļēāļĢāļšāļĢāļīāļŦāļēāļĢāļ‡āļēāļ™āļ—āļĩāđˆāļĄāļļāđˆāļ‡āļœāļĨāļāļēāļĢāļ›āļāļīāļšāļąāļ•āļīāļ‡āļēāļ™āļĢāļ°āļ”āļąāļšāļŠāļđāļ‡ āļŦāļĢāļ·āļ­ High Performance Work Systems (HPWS) āļ§āđˆāļēāļĄāļĩāļŠāđˆāļ§āļ™āļŠāļēāļ„āļąāļ āđāļĨāļ°āļŠāđˆāļ‡āļœāļĨāļ•āđˆāļ­āļœāļĨāļāļēāļĢāļ”āļēāđ€āļ™āļīāļ™āļ‡āļēāļ™āļ‚āļ­āļ‡ SMEs āđƒāļ™āļ āļēāļ„āđƒāļ•āđ‰āļ‚āļ­āļ‡āļ›āļĢāļ°āđ€āļ—āļĻāđ„āļ—āļĒ āļ­āļĩāļāļ—āļąāđ‰āļ‡āļāļēāļĢāļĻāļķāļāļĐāļēāļ§āļīāļˆāļąāļĒāļ„āļĢāļąāđ‰āļ‡āļ™āļĩāđ‰āļĒāļąāļ‡ āļ­āļēāļĻāļąāļĒāļĄāļļāļĄāļĄāļ­āļ‡āļˆāļēāļāļŦāļĨāļēāļāļŦāļĨāļēāļĒāļ—āļĪāļĐāļŽāļĩāđ€āļžāļ·āđˆāļ­āļĻāļķāļāļĐāļēāļšāļ—āļšāļēāļ—āļ‚āļ­āļ‡āļ āļēāļ§āļ°āļœāļđāđ‰āļ™āļēāļ”āđ‰āļēāļ™āļ„āļ§āļēāļĄāļŠāļąāļĄāļžāļąāļ™āļ˜āđŒāļ—āļĩāđˆāļĄāļĩāļ•āđˆāļ­āļāļēāļĢāļ™āļē āļĢāļ°āļšāļš HPWS āļĄāļēāđƒāļŠāđ‰āđƒāļ™āļ­āļ‡āļ„āđŒāļāļĢāļĢāļ§āļĄāļ—āļąāđ‰āļ‡āļĻāļķāļāļĐāļēāļšāļ—āļšāļēāļ—āļ‚āļ­āļ‡āļāļēāļĢāļĢāļąāļšāļĢāļđāđ‰āļāļēāļĢāļŠāļ™āļąāļšāļŠāļ™āļļāļ™āļˆāļēāļāļ­āļ‡āļ„āđŒāļāļĢāļ‚āļ­āļ‡āļžāļ™āļąāļāļ‡āļēāļ™ āđāļĨāļ°āļāļēāļĢāļĢāļąāļšāļĢāļđāđ‰āļ§āđˆāļēāļ•āļ™āļĄāļĩāļžāļĨāļąāļ‡āđāļĨāļ°āļ­āļēāļ™āļēāļˆāđƒāļ™āļāļēāļ™āļ°āļ•āļąāļ§āđāļ›āļĢāļ„āļąāđˆāļ™āļāļĨāļēāļ‡ āļœāļđāđ‰āļ§āļīāļˆāļąāļĒāļ—āļēāļāļēāļĢāđ€āļāđ‡āļšāļ‚āđ‰āļ­āļĄāļđāļĨāđ‚āļ”āļĒāđƒāļŠāđ‰āđāļšāļšāļŠāļ­āļšāļ–āļēāļĄāļˆāļēāļāļāļĨāļļāđˆāļĄāļ•āļąāļ§āļ­āļĒāđˆāļēāļ‡āļ‚āļ­āļ‡ SMEs āđƒāļ™āļ āļēāļ„āđƒāļ•āđ‰āļ‚āļ­āļ‡āļ›āļĢāļ°āđ€āļ—āļĻāđ„āļ—āļĒ āļ›āļĢāļ°āļāļ­āļšāļ”āđ‰āļ§āļĒāļžāļ™āļąāļāļ‡āļēāļ™āļˆāļēāļ™āļ§āļ™ 951 āļ„āļ™ āđāļĨāļ°āļœāļđāđ‰āļ™āļēāļŠāļđāļ‡āļŠāļļāļ”āļ‚āļ­āļ‡āļ­āļ‡āļ„āđŒāļāļĢ (CEOs) āļˆāļēāļ™āļ§āļ™ 110 āļ„āļ™ āļˆāļēāļ SMEs 110 āđāļŦāđˆāļ‡ āļœāļĨāļˆāļēāļāļāļēāļĢāļ§āļīāđ€āļ„āļĢāļēāļ°āļŦāđŒāđ‚āļĄāđ€āļ”āļĨāļŠāļĄāļāļēāļĢāđ‚āļ„āļĢāļ‡āļŠāļĢāđ‰āļēāļ‡āļžāļšāļ§āđˆāļē āļ āļēāļ§āļ°āļœāļđāđ‰āļ™āļēāļ”āđ‰āļēāļ™āļ„āļ§āļēāļĄāļŠāļąāļĄāļžāļąāļ™āļ˜āđŒāļ‚āļ­āļ‡ CEOs āļĄāļĩāļ­āļīāļ—āļ˜āļīāļžāļĨāļ•āđˆāļ­āļāļēāļĢāļ™āļēāļĢāļ°āļšāļš HPWS āļĄāļēāđƒāļŠāđ‰āđƒāļ™āļ­āļ‡āļ„āđŒāļāļĢ āđāļĨāļ°āļĄāļĩāļŠāđˆāļ§āļ™āļŠāļēāļ„āļąāļāļ•āđˆāļ­āļœāļĨāļāļēāļĢāļ”āļēāđ€āļ™āļīāļ™āļ‡āļēāļ™āļ‚āļ­āļ‡ SMEs āđƒāļ™āļ āļēāļ„āđƒāļ•āđ‰āļ‚āļ­āļ‡āļ›āļĢāļ°āđ€āļ—āļĻāđ„āļ—āļĒāļœāđˆāļēāļ™āļāļēāļĢāļĢāļąāļšāļĢāļđāđ‰āļāļēāļĢāļŠāļ™āļąāļšāļŠāļ™āļļāļ™āļˆāļēāļāļ­āļ‡āļ„āđŒāļāļĢ āđāļĨāļ°āļāļēāļĢāļĢāļąāļšāļĢāļđāđ‰āļ§āđˆāļēāļ•āļ™āļĄāļĩāļžāļĨāļąāļ‡āđāļĨāļ°āļ­āļēāļ™āļēāļˆāļ‚āļ­āļ‡āļžāļ™āļąāļāļ‡āļēāļ™ āļœāļĨāļāļēāļĢāļ§āļīāļˆāļąāļĒāļ„āļĢāļąāđ‰āļ‡āļ™āļĩāđ‰āđāļŠāļ”āļ‡āđƒāļŦāđ‰āđ€āļŦāđ‡āļ™āļ§āđˆāļēāļ­āļ‡āļ„āđŒāļāļĢāļ—āļĩāđˆāļĄāļĩāļœāļđāđ‰āļ™āļēāļ—āļĩāđˆāļĄāļļāđˆāļ‡āđ€āļ™āđ‰āļ™āļ„āļ§āļēāļĄāļŠāļąāļĄāļžāļąāļ™āļ˜āđŒāļāļąāļšāļžāļ™āļąāļāļ‡āļēāļ™āđƒāļ™āļĢāļ°āļ”āļąāļšāļŠāļđāļ‡āļĄāļĩāđāļ™āļ§āđ‚āļ™āđ‰āļĄāļ—āļĩāđˆāļˆāļ°āļ™āļēāļĢāļ°āļšāļš HPWS āļĄāļēāđƒāļŠāđ‰āđƒāļ™āļ­āļ‡āļ„āđŒāļāļĢāļĄāļēāļāļāļ§āđˆāļēāļ­āļ‡āļ„āđŒāļāļĢāļ­āļ·āđˆāļ™āđ† āđāļĨāļ°āļŠāđˆāļ‡āļœāļĨāđƒāļŦāđ‰āļžāļ™āļąāļāļ‡āļēāļ™āđƒāļ™āļ­āļ‡āļ„āđŒāļāļĢāļĢāļąāļšāļĢāļđāđ‰āļ–āļķāļ‡āļāļēāļĢāđ„āļ”āđ‰āļĢāļąāļšāļāļēāļĢāļŠāļ™āļąāļšāļŠāļ™āļļāļ™āļˆāļēāļāļ­āļ‡āļ„āđŒāļāļĢāđāļĨāļ°āļāļēāļĢāļĢāļąāļšāļĢāļđāđ‰āļ§āđˆāļēāļ•āļ™āļĄāļĩāļžāļĨāļąāļ‡āđāļĨāļ°āļ­āļēāļ™āļēāļˆāđ€āļžāļīāđˆāļĄāļ‚āļķāđ‰āļ™āļ™āļēāđ„āļ›āļŠāļđāđˆāļāļēāļĢāļšāļĢāļĢāļĨāļļāļœāļĨāļāļēāļĢāļ”āļēāđ€āļ™āļīāļ™āļ‡āļēāļ™āļ‚āļ­āļ‡āļ­āļ‡āļ„āđŒāļāļĢāđ„āļ”āđ‰āđƒāļ™āļ—āļĩāđˆāļŠāļļāļ” āļ”āļąāļ‡āļ™āļąāđ‰āļ™ CEOs āđāļĨāļ°āļœāļđāđ‰āļ›āļĢāļ°āļāļ­āļšāļāļēāļĢ SMEs āļ„āļ§āļĢāđ€āļ­āļēāđƒāļˆāđƒāļŠāđˆāđāļĨāļ°āđƒāļŦāđ‰āļāļēāļĢāļŠāļ™āļąāļšāļŠāļ™āļļāļ™āļžāļ™āļąāļāļ‡āļēāļ™ āđ€āļžāļ·āđˆāļ­āđāļŠāļ”āļ‡āđƒāļŦāđ‰āļžāļ§āļāđ€āļ‚āļēāļĢāļąāļšāļĢāļđāđ‰āļ§āđˆāļēāļ­āļ‡āļ„āđŒāļāļĢāđ€āļŦāđ‡āļ™āļ–āļķāļ‡āļ„āļļāļ“āļ„āđˆāļēāđāļĨāļ°āļ„āļ§āļēāļĄāļŠāļēāļ„āļąāļāļ‚āļ­āļ‡āļžāļ§āļāđ€āļ‚āļē āđāļĨāļ°āđ€āļžāļ·āđˆāļ­āđ€āļžāļīāđˆāļĄāđāļĢāļ‡āļˆāļđāļ‡āđƒāļˆāđāļāđˆāļžāļ™āļąāļāļ‡āļēāļ™āđƒāļ™āļāļēāļĢāļ›āļāļīāļšāļąāļ•āļīāļ‡āļēāļ™āđƒāļŦāđ‰āļšāļĢāļĢāļĨāļļāļœāļĨāļāļēāļĢāļ”āļēāđ€āļ™āļīāļ™āļ‡āļēāļ™āļ‚āļ­āļ‡āļ­āļ‡āļ„āđŒāļāļĢāđƒāļ™āļĢāļ°āļ”āļąāļšāļŠāļđāļ‡āļĒāļīāđˆāļ‡āļ‚āļķāđ‰āļ™ āļāļēāļĢāļĻāļķāļāļĐāļēāļ§āļīāļˆāļąāļĒāļ„āļĢāļąāđ‰āļ‡āļ™āļĩāđ‰āļ™āļąāļšāđ€āļ›āđ‡āļ™āļāļēāļĢāļĻāļķāļāļĐāļēāđāļĢāļāļ—āļĩāđˆāļĻāļķāļāļĐāļēāļ„āļ§āļēāļĄāļŠāļąāļĄāļžāļąāļ™āļ˜āđŒāļ‚āļ­āļ‡āļšāļ—āļšāļēāļ—āļ āļēāļ§āļ°āļœāļđāđ‰āļ™āļēāļŠāļđāļ‡āļŠāļļāļ”āļ‚āļ­āļ‡āļ­āļ‡āļ„āđŒāļāļĢ āļĢāļ°āļšāļš HPWS āđāļĨāļ°āļœāļĨāļāļēāļĢāļ”āļēāđ€āļ™āļīāļ™āļ‡āļēāļ™āļ‚āļ­āļ‡āļ­āļ‡āļ„āđŒāļāļĢāđƒāļ™ SME
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