The findings suggest that SMEs that invest in strategic knowledge management and organisational change capacity are more proficient at adjusting to fluctuations in the business landscape and develop effective strategies that lead to improved entrepreneurial performance.
Authors
Aqueeb Sohail Shaik, Assistant Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.
Monika Jain, Birla Institute of Management Technology, Greater Noida, India.
Aparna Mendiratta, Jaipuria Institute of Management, Jaipur, India.
Ghadah Alarifi, Department of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh, Saudi Arabia and KAPSARC School of Public Policy, Riyadh, Saudi Arabia.
Elisa Arrigo, Department of Economics, Management and Statistics (DEMS), University of Milano-Bicocca, Milan, Italy.
Summary
The purpose of this study is to investigate the significance and impact of strategic knowledge management (SKM) practices and organisational change capacity (OCC) in improving strategic thinking and strategic orientation in small and medium-sized enterprises (SMEs) and their contribution in overall improvement of entrepreneurial performance.
Methodology
Quantitative research methodology using partial least square structural equation modelling with data of 296 sample from the target group as managers and owners from various SMEs in the UK has been used in the study.
Findings
The findings suggest that SMEs that invest in SKM and OCC are more proficient at adjusting to fluctuations in the business landscape and develop effective strategies that lead to improved entrepreneurial performance. The study provides evidence that SKM encompasses more than just the acquisition and use of information. It also involves the establishment of a learning and innovation culture that facilitates strategic thinking and direction. Similarly, OCC is not just about implementing change but also about developing the agility and flexibility to adapt to market changes, consumer demands and technology.
Practical implications
According to the research, SMEs may boost their entrepreneurial performance and keep a competitive advantage in the modern, dynamic business environment by investing in SKM and OCC. The capacity of SMEs to implement SKM and organisational change should be encouraged and supported by policymakers and practitioners, who should also offer the necessary tools and assistance to do so.
Originality
This study offers a valuable addition to the previously published works on SKM and OCC within SMEs. It offers empirical data that highlights the significance of SKM and OCC in fostering strategic thinking, strategic orientation and ultimately, boosting entrepreneurial performance. The study also highlights the challenges faced by SMEs in implementing SKM and OCC and provides recommendations for overcoming these challenges.
Published in: Journal of Knowledge Management
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