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Factors of Sustainable Firm Performance and the Mediating Role of Strategic Opportunity Recognition: A Conceptual Study

Kean Lip Teh, Sazali Bin Abdul Wahab, Suzana Idayu Wati Osman, Ahmad Shaharudin Abdul Latiff, Nur Fadiah Mohd Zawawi and Syed Ali Fazal
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Kean Lip Teh: Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan, Taman Bendahara, 16100 Pengkalan Chepa, Kota Bharu. Kelantan, Malaysia
Sazali Bin Abdul Wahab: Putra Business School 43400 UPM Serdang, Selangor Darul Ehsan, Malaysia
Suzana Idayu Wati Osman: Faculty of Administrative Science and Policy Studies, Universiti Teknologi MARA, Shah Alam, Malaysia
Ahmad Shaharudin Abdul Latiff: Putra Business School 43400 UPM Serdang, Selangor Darul Ehsan, Malaysia
Nur Fadiah Mohd Zawawi: Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan, Taman Bendahara, 16100 Pengkalan Chepa, Kota Bharu. Kelantan, Malaysia
Syed Ali Fazal: Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan, Taman Bendahara, 16100 Pengkalan Chepa, Kota Bharu. Kelantan, Malaysia

International Journal of Asian Social Science, 2018, vol. 8, issue 11, 1048-1058

Abstract: The significant role of Small and Medium Enterprises (SMEs) in economic development has been acknowledged and focused for a very long time. They dominate the business establishment around the world. The current challenging and volatile business landscape has called for greater scrutiny to identify survival toolkit for SMEs, given that SMEs are very much important to the dramatic economic changes. Thus, understanding practices that may damage business success is needed urgently. With this crucial and critical situation, it is the time now to identify an alternative approach to understand practices that lead to business success. The purpose of this study is to concentrate on the influence of strategic entrepreneurship (SE) which is manifested in exploration activities only that in-turn represented by strategic opportunity recognition construct, on sustainable SMEs performance in Malaysia. This paper is an attempt to address this challenge by developing a framework for the assessment of recognizing the important role of SE in efficiently contributing to the achievement of Sustainable Firm Performance.

Keywords: Strategic entrepreneurship; Exploration; Sustainable firm performance; Sustainability development; SMEs; Malaysia. (search for similar items in EconPapers)
JEL-codes: L10 L26 Q01 (search for similar items in EconPapers)
Date: 2018
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