The performance implications of strategic responses of SMEs to the covid-19 pandemic: Evidence from an African economy

IF 1.2 Q4 MANAGEMENT

Africa Journal of Management Pub Date : 2021-01-02 DOI:10.1080/23322373.2021.1878810

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.

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中小企业应对covid-19大流行战略对业绩的影响:来自非洲经济体的证据

在2019冠状病毒病(COVID-19)大流行等灾难性事件中，将适应性弹性(毅力和紧缩)作为战略应对措施如何影响中小企业的绩效?本研究考察了在2019冠状病毒病大流行期间，以坚持和紧缩为形式的适应韧性如何影响中小企业的绩效。在不同组织松弛水平下，研究了适应弹性通过战略更新对绩效的间接影响，以及适应弹性通过战略更新对绩效的有条件间接影响。我们使用来自加纳249家中小企业的管理者和所有者的多源数据，并使用条件过程分析软件process对数据进行分析。结果表明，毅力和绩效之间没有直接的关系，或者缩减和绩效之间没有直接的关系。我们还发现，战略更新在坚持和紧缩对绩效的关系中起到中介作用。此外，我们发现毅力和紧缩对绩效都有条件的间接影响，因此，在组织松弛水平较高的情况下，毅力和紧缩通过战略更新对绩效的间接影响都很高。讨论了研究结果对理论和实践的启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Africa Journal of Management Business, Management and Accounting-Business and International Management

CiteScore

2.80

自引率

15.40%

发文量

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.