To change or not to change–antecedents and outcomes of strategic renewal in SMEs

Adrian Klammer (), Stefan Gueldenberg (), Sascha Kraus () and Michele O’Dwyer ()
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Adrian Klammer: University of Liechtenstein
Stefan Gueldenberg: University of Liechtenstein
Sascha Kraus: University of Liechtenstein
Michele O’Dwyer: University of Limerick

International Entrepreneurship and Management Journal, 2017, vol. 13, issue 3, No 3, 739-756

Abstract: Abstract Companies need to constantly renew themselves to remain competitive in rapidly changing market environments, regardless of their size or age. Even though strategic renewal is a crucial factor for sustainable success of organizations, it is only an emergent area in literature. This article examines potential antecedents of strategic renewal and impact on firm performance. Based on 104 companies’ responses to a structured questionnaire, the empirical findings demonstrate that strategic renewal positively impacts firm performance, and that entrepreneurial orientation and organizational learning are antecedents. From a practical managerial viewpoint, our results suggest that firms following a strategic renewal approach can increase the long-term success of their organizations: Firms that are entrepreneurially oriented and willing to learn can successfully manage strategic renewal.

Keywords: Strategic renewal; Entrepreneurial orientation; Organizational learning; Learning orientation; Strategic entrepreneurship (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (9)

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DOI: 10.1007/s11365-016-0420-9

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