[ 17th September 2022 by Jiayu Zhang 0 Comments ]

The role of social capital in augmenting strategic renewal of SMEs: does entrepreneurial orientation and organizational flexibility really matter?, Samar Khan, Abdul Majid, Muhammad Yasir, Asad Javed and Hassan Shah

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Samar Hayat Khan
Department of Management Sciences
Hazara University, Mansehra
Pakistan
Galiyat Development Authority
Ministry of Tourism Khyber Pakhtunkhwa, Abbottabad
Pakistan
Abdul Majid
Department of Management Sciences
University of Haripur
Pakistan
Muhammad YasirAsad Javed
Department of Management Sciences
Hazara University, Mansehra
Pakistan
Hassan Ahmed Shah
Department of Management Sciences
Khushal Khan Khattak University Karak, Karak
Pakistan
Email: samar_hayat2010@yahoo.com

DOI: 10.1108/WJEMSD-04-2020-0029

Purpose: The objective of this study is to evaluate the key issues that how social capital augments the initiation of strategic renewal through the mediating role of entrepreneurial orientation and the moderating role of organizational flexibility. In the context of Small and Medium Enterprises (SMEs) of developing economies, the study developed and tested the theoretical model of strategic renewal for analyzing its major outputs.
Design/methodology/approach: This study utilized cross-sectional design and employ quantitative approach. The data were collected from the owner, managers and executive directors of pharmaceutical SMEs of Pakistan. The study used statistical analysis of correlation and regression for the analysis of data.
Findings: The study discovered that entrepreneurial orientation mediates the positive relationship of social capital and strategic renewal. Moreover, high organizational flexibility strengthens the association between social capital and strategic renewal of SMEs.
Originality/value: This research contributes to the body of knowledge by providing empirical evidence that how to thrive the mechanism of strategic renewal. The study further provides understanding of the effects of organizational social capital, entrepreneurial orientation and organizational flexibility on strategic renewal.
Keywords:

    • SMEs

 

    • Entrepreneurial orientation

 

    • Organizational flexibility

 

    • Social capital

 

  • Strategic renewal

Citation

Khan, S.H., Majid, A., Yasir, M., Javed, A. and Shah, H.A. (2021), "The role of social capital in augmenting strategic renewal of SMEs: does entrepreneurial orientation and organizational flexibility really matter?", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 17 No. 2, pp. 227-245. https://doi.org/10.1108/WJEMSD-04-2020-0029

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