FIRM-SPECIFIC PRACTICES OF DEVELOPMENT AND APPLICATION OF DYNAMIC CAPABILITIES IN UK HIGH-TECH SMES

Chaminda Senaratne
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Chaminda Senaratne: Northumbria University, UK

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

Abstract: This study explores the nature of dynamic capabilities (DCs), and identifies firm specific practices in developing and applying DCs in the high-tech SMEs in the UK. This is needed to generate insights on how DCs are embedded in firm specific practices in SMEs. This exploratory study is based on qualitative in-depth interview data collected from the UK high-tech SMEs in five industries. Since the data were collected from a single informant from each firm, more in-depth, longitudinal, qualitative research using multiple sources of data may be required to develop deeper insights into the firm specific nature of DCs. The study identifies firm specific practices of developing and applying DCs within firms. The findings have important practical implications for the managers of high-tech SMEs in particular, and firms in general, who need to focus on how firms can sustain in the changing business environment by using effective mechanisms to develop and apply DCs. The study also contributes to the understanding of DCs in high-tech SMEs by exploring the mechanisms through which SMEs develop and apply DCs challenging the view that DCs associated mostly with large firms.

Keywords: FIRM; PRACTICES; DEVELOPMENT; APPLICATION; DYNAMIC; CAPABILITIES; UK; HIGH-TECH, SMES (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:abemcp:023419

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