The Resilience of a Small Company and the Grounds of Capitalism: Thriving on Non-Knowledgeable Ground

Margarida Cardoso and Isabel Ramos
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Margarida Cardoso: ALGORITMI Research Centre, University of Minho, Guimarães 4800-058, Portugal
Isabel Ramos: ALGORITMI Research Centre, University of Minho, Guimarães 4800-058, Portugal

Sustainability, 2016, vol. 8, issue 1, 1-16

Abstract: A case about a small company in Portugal enables an analysis of the resilience of small companies undergoing open innovation environments. Successfully facing non-knowledgeable grounds―which means insecurity, likelihood of disruption risk and uncertainty—is only possible through constant adaptation, by which a company can thrive and, through rational thinking, enable continuity. This study shows that open innovation achieved through agile partnerships can provide the resources and synergies necessary for the continued adaptation of small businesses to environments of high uncertainty. An ability to innovatively adapt is a central characteristic of resilient companies.

Keywords: small companies; open innovation; resilience; Max Weber; non-knowledgeable grounds (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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