MetaTOC stay on top of your field, easily

Navigating market turbulence: how digital capabilities enhance entrepreneurial resilience and sustainability

International Entrepreneurship and Management Journal

Published online on

Abstract

{"p"=>"In this age of rapid advancements in technologies and heightened volatility in markets, sustainable performance for small and medium-sized enterprises (SMEs) and start-ups has increased the hinges on their ability for the adoption and innovation. This study has explored the crucial and complex relationships between entrepreneurial resilience, innovation capabilities, digital capabilities and market turbulence, with main focus on how these dimensions would collectively shape the sustainable performance of Chinese SMEs and entrepreneurial ventures. By drawing on these dynamic capabilities theory and innovation-driven growth frameworks, this research has aim to explore the mechanisms through which the resilient entrepreneurial behavior facilitates the digital transformation and fosters economic innovation, ultimately leading towards enhanced sustainability outcomes. For empirically investigating these relationships a quantitative research design has been employed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Primary data collection has been collected with structured surveys from a purposive sampling of 400 Chinese entrepreneurs and business owners, who are actively engaged in digital and sustainability-oriented transformation initiatives. The entrepreneurial resilience has also shown a significant impact on the development of digital capabilities, that provides firms a basis for improving the innovational capabilities. These capabilities have shown key drivers of sustainability performance that is delivering a measurable improvement across environmental, social and economic dimensions. This research has determined market turbulence as a moderating variable that amplify the relationship between resilience and digitally capable development. The outcomes of this research has shown a contingent nature of digital adoption and innovation outcomes, specifically under volatile external conditions. The findings offer a practical implication for the business leaders, policy makers and innovation strategists."}