{"title":"Improving the performance/competency of small and medium enterprises through intellectual capital","authors":"Sanchita Bansal, Isha Garg, Mansi Jain, Anshita Yadav","doi":"10.1108/jic-07-2021-0189","DOIUrl":null,"url":null,"abstract":"PurposeConventional economic contexts and value creation exert on the extensive use of intangible resources whose value is much greater than the tangible assets. In particular, intellectual capital (IC) is recognized as an important source of value creation for firms. However, the field of IC is majorly dominated by large firms, and little has been done in exploring IC in small and medium enterprises (SMEs). Within this context, the purpose of this article is to contribute to the body of literature on IC in the SMEs context by investigating the different dynamics of IC and understanding its impact on their organizational performance and processes.Design/methodology/approachThe study has contextualized an integrative review of literature collected from Web of Science (WoS) and further analyzed integrating the bibliometric and manual review in a systematic approach.FindingsThe paper summarizes the key findings highlighting how SMEs can grasp IC in their core competencies and operational processes to achieve sustainable business performance. The study provides theoretical propositions highlighting the conceptual underpinnings of the literature on IC in SMEs and proposed methods outlining the methodological issues arising out of the diverse empirical/quantitative approaches adopted in the previous literature. Furthermore, empirical findings from the literature show that IC management affects a broad range of financial performance metrics in SMEs, however, sometimes with unexpected and mixed results. Hence, more research to replicate prior studies and corroborate extant research in both similar and different contexts would be desirable.Research limitations/implicationsThe study adopts an integrative review to understand the context of IC in SMEs; however, it does not study the synergy between varied IC components individually and their role in SMEs performance. Furthermore, the review relates IC to SMEs and does not cover the role of IC in large corporations.Originality/valueThe originality of this paper lies in its contribution to the body of knowledge in the field of IC and SMEs by exploring IC's impact on SME performance, especially the market performance, knowledge management (KM), strategic business models, sustainability performance (corporate social responsibility [CSR]), innovation and their intercollaborations (varied stakeholders).","PeriodicalId":48191,"journal":{"name":"Journal of Intellectual Capital","volume":null,"pages":null},"PeriodicalIF":6.2000,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Intellectual Capital","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/jic-07-2021-0189","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 6
Abstract
PurposeConventional economic contexts and value creation exert on the extensive use of intangible resources whose value is much greater than the tangible assets. In particular, intellectual capital (IC) is recognized as an important source of value creation for firms. However, the field of IC is majorly dominated by large firms, and little has been done in exploring IC in small and medium enterprises (SMEs). Within this context, the purpose of this article is to contribute to the body of literature on IC in the SMEs context by investigating the different dynamics of IC and understanding its impact on their organizational performance and processes.Design/methodology/approachThe study has contextualized an integrative review of literature collected from Web of Science (WoS) and further analyzed integrating the bibliometric and manual review in a systematic approach.FindingsThe paper summarizes the key findings highlighting how SMEs can grasp IC in their core competencies and operational processes to achieve sustainable business performance. The study provides theoretical propositions highlighting the conceptual underpinnings of the literature on IC in SMEs and proposed methods outlining the methodological issues arising out of the diverse empirical/quantitative approaches adopted in the previous literature. Furthermore, empirical findings from the literature show that IC management affects a broad range of financial performance metrics in SMEs, however, sometimes with unexpected and mixed results. Hence, more research to replicate prior studies and corroborate extant research in both similar and different contexts would be desirable.Research limitations/implicationsThe study adopts an integrative review to understand the context of IC in SMEs; however, it does not study the synergy between varied IC components individually and their role in SMEs performance. Furthermore, the review relates IC to SMEs and does not cover the role of IC in large corporations.Originality/valueThe originality of this paper lies in its contribution to the body of knowledge in the field of IC and SMEs by exploring IC's impact on SME performance, especially the market performance, knowledge management (KM), strategic business models, sustainability performance (corporate social responsibility [CSR]), innovation and their intercollaborations (varied stakeholders).
目的传统的经济环境和价值创造促使企业广泛利用价值远大于有形资产的无形资源。特别是,智力资本(IC)被认为是企业价值创造的重要来源。然而,集成电路领域主要由大公司主导,在中小企业(SMEs)中探索集成电路方面做得很少。在此背景下,本文的目的是通过调查集成集成的不同动态并了解其对组织绩效和流程的影响,为中小企业集成集成的文献体系做出贡献。设计/方法/方法:本研究对Web of Science (WoS)上收集的文献进行了综合综述,并进一步分析了文献计量学和人工综述在系统方法中的结合。研究结果本文总结了主要的研究结果,强调了中小企业如何在其核心竞争力和运营流程中掌握集成电路,以实现可持续的业务绩效。该研究提供了理论命题,强调了中小企业集成电路文献的概念基础,并提出了概述先前文献中采用的各种经验/定量方法所产生的方法问题的方法。此外,来自文献的实证研究结果表明,IC管理影响了中小企业广泛的财务绩效指标,然而,有时会产生意想不到的和混合的结果。因此,需要更多的研究来复制先前的研究,并在相似和不同的背景下证实现有的研究。研究局限/启示本研究采用综合回顾的方法来了解中小企业集成电路的背景;然而,它没有单独研究不同集成电路组件之间的协同作用及其在中小企业绩效中的作用。此外,该审查只涉及集成电路对中小企业的影响,而没有涵盖集成电路在大公司中的作用。本文的独创性在于通过探讨集成电路对中小企业绩效的影响,特别是对市场绩效、知识管理(KM)、战略商业模式、可持续性绩效(企业社会责任[CSR])、创新及其相互协作(不同利益相关者)的影响,为集成电路和中小企业领域的知识体系做出了贡献。
期刊介绍:
The Journal of Intellectual Capital is a peer-reviewed international publication dedicated to the exchange of the latest research and best practice information on all aspects of creating, identifying, managing and measuring intellectual capital in organisations. The journal publishes original research and case studies by academic, business and public sector contributors on intellectual capital strategies, approaches, frameworks, tools, techniques and technologies in order to increase the understanding of intellectual capital within the context of the modern knowledge economy. The focus of this journal is on the identification of innovative intellectual capital strategies and the application of theoretical concepts to real-world situations.