S. Aidoo, Ahmed Agyapong, Moses Acquaah, S. Akomea
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引用次数: 26
Abstract
ABSTRACT How does the use of adaptive resilience (perseverance and retrenchment) as a strategic response influence the performance of SMEs during catastrophic events such as the COVID-19 pandemic? This study examines how adaptive resilience in the form of perseverance and retrenchment has influenced the performance of SMEs during the COVID-19 pandemic. We also investigate the indirect effects of adaptive resilience on performance through strategic renewal, and the conditional indirect effect of adaptive resilience on performance through strategic renewal at different levels of organizational slack. We use multi-source data from managers and owners of 249 SMEs in Ghana and analyze the data using the conditional process analysis software, PROCESS. The results demonstrate that there were no direct relationships between perseverance and performance or retrenchment and performance. We also find that strategic renewal mediates the relationships between both perseverance and retrenchment on performance. Moreover, we find a conditional indirect effect of both perseverance and retrenchment on performance, such that the indirect effect of both perseverance and retrenchment on performance through strategic renewal is high at higher levels of organizational slack. We discuss implication of the findings for theory and practice.
期刊介绍：
The beginning of the Twenty First Century has witnessed Africa’s rise and progress as one of the fastest growing and most promising regions of the world. At the same time, serious challenges remain. To sustain and speed up momentum, avoid reversal, and deal effectively with emerging challenges and opportunities, Africa needs better management scholarship, education and practice. The purpose of the Africa Journal of Management (AJOM) is to advance management theory, research, education, practice and service in Africa by promoting the production and dissemination of high quality and relevant manuscripts. AJOM is committed to publishing original, rigorous, scholarly empirical and theoretical research papers, which demonstrate clear understanding of the management literature and draw on Africa’s local indigenous knowledge, wisdom and current realities. As the first scholarly journal of the Africa Academy of Management (AFAM), AJOM gives voice to all those who are committed to advancing management scholarship, education and practice in or about Africa, for the benefit of all of Africa. AJOM welcomes manuscripts that develop, test, replicate or validate management theories, tools and methods with Africa as the starting point. The journal is open to a wide range of quality, evidence-based methodological approaches and methods that “link” “Western” management theories with Africa’s indigenous knowledge systems, methods and practice. We are particularly interested in manuscripts which address Africa’s most important development needs, challenges and opportunities as well as the big management questions of the day. We are interested in research papers which address issues of ethical conduct in different African settings.
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