Ningning You, Yitian Lou, Wuke Zhang, Dezhi Chen, Luyao Zeng
{"title":"Leveraging resources and dynamic capabilities for organizational resilience amid COVID-19","authors":"Ningning You, Yitian Lou, Wuke Zhang, Dezhi Chen, Luyao Zeng","doi":"10.4102/sajbm.v54i1.3802","DOIUrl":null,"url":null,"abstract":"Purpose: The aim of this study was to explore the effectiveness of the resource-based view (RBV) and dynamic capabilities (DCs) to settle the problem of how and why a firm could achieve successful resilience under the context of the COVID-19.Design/methodology/approach: A survey was conducted among 596 Chinese firms, and a structural equation model was applied.Findings/results: The empirical results indicate that both valuable, rare, inimitable, and non-substitutable (VRIN) and non-VRIN resources can promote better organisational resilience (OR). Moreover, DCs could mediate the relationship between the RBV and OR. Specifically, DCs could fully mediate the connection between non-VRIN resources and OR, while they can only partially mediate the relationship between VRIN resources and OR.Practical implications: The results of this study provide recommendations for how to proceed in environments where significant crises and outbreaks may occur. These findings are useful for business decision-making and enabling companies to develop new business strategies.Originality/value: Previous studies have investigated the drivers of OR from the perception of business strategies and practices. This study is the first to empirically test DCs as intermediary variable from RBV to promote the resilience of enterprises in the context of COVID-19.","PeriodicalId":45649,"journal":{"name":"South African Journal of Business Management","volume":" ","pages":""},"PeriodicalIF":0.9000,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"South African Journal of Business Management","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.4102/sajbm.v54i1.3802","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Purpose: The aim of this study was to explore the effectiveness of the resource-based view (RBV) and dynamic capabilities (DCs) to settle the problem of how and why a firm could achieve successful resilience under the context of the COVID-19.Design/methodology/approach: A survey was conducted among 596 Chinese firms, and a structural equation model was applied.Findings/results: The empirical results indicate that both valuable, rare, inimitable, and non-substitutable (VRIN) and non-VRIN resources can promote better organisational resilience (OR). Moreover, DCs could mediate the relationship between the RBV and OR. Specifically, DCs could fully mediate the connection between non-VRIN resources and OR, while they can only partially mediate the relationship between VRIN resources and OR.Practical implications: The results of this study provide recommendations for how to proceed in environments where significant crises and outbreaks may occur. These findings are useful for business decision-making and enabling companies to develop new business strategies.Originality/value: Previous studies have investigated the drivers of OR from the perception of business strategies and practices. This study is the first to empirically test DCs as intermediary variable from RBV to promote the resilience of enterprises in the context of COVID-19.
期刊介绍:
The South African Journal of Business Management publishes articles that have real significance for management theory and practice. The content of the journal falls into two categories: managerial theory and management practice: -Management theory is devoted to reporting new methodological developments, whether analytical or philosophical. In general, papers should, in addition to developing a new theory, include some discussion of applications, either historical or potential. Both state-of-the-art surveys and papers discussing new developments are appropriate for this category. -Management practice concerns the methodology involved in applying scientific knowledge. It focusses on the problems of developing and converting management theory to practice while considering behavioural and economic realities. Papers should reflect the mutual interest of managers and management scientists in the exercise of the management function. Appropriate papers may include examples of implementations that generalise experience rather than specific incidents and facts, and principles of model development and adaptation that underline successful application of particular aspects of management theory. The relevance of the paper to the professional manager should be highlighted as far as possible.