Affiliation:
1. School of Management and Marketing, Taylor’s University, Selangor, Malaysia
Abstract
Although resource renewal allows high-tech SMEs to adapt to environmental changes through innovation to seize new business opportunities and sustain competitiveness in volatile business environments, little is known about how they renew resources in innovation projects. This study addresses the research gap using the dynamic capabilities perspective. An inductive analysis of multiple cases of Malaysian high-tech SMEs finds that high-tech SMEs renew resources in four ways: by acquiring new technological resources to match customer requirements, using a prototype approach, by solving problems in projects, and by learning from involvement in their customers’ R&D activities.
Subject
Strategy and Management,Business, Management and Accounting (miscellaneous)