Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support

Global epidemic crises, such as the coronavirus (COVID-19), usually expose small and medium enterprises (SMEs) to various kinds of challenges and may put their lives at risk. This study aims to develop a theoretical model to provide insights about the association between innovation practices and the...

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Autores principales: Adam, Nawal Abdalla, Alarifi, Ghadah
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2021
Materias:
Research
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8155652/
https://www.ncbi.nlm.nih.gov/pubmed/34075328
http://dx.doi.org/10.1186/s13731-021-00156-6
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author Adam, Nawal Abdalla
Alarifi, Ghadah
author_facet Adam, Nawal Abdalla
Alarifi, Ghadah
author_sort Adam, Nawal Abdalla
collection PubMed
description Global epidemic crises, such as the coronavirus (COVID-19), usually expose small and medium enterprises (SMEs) to various kinds of challenges and may put their lives at risk. This study aims to develop a theoretical model to provide insights about the association between innovation practices and the SMEs’ performance and survival while underlining the auxiliary role of external support in such a relationship. Online questionnaire has been used to collect the data from 259 randomly selected SME managers in Saudi Arabia, and the data was analyzed using the SmartPLS3 software. The structural equation modeling results showed that the innovation practices adopted by SMEs to face the repercussions of COVID-19 had a positive impact on the performance and likelihood of business survival. PLS-SEM bootstrap results indicated that external support aids strengthen the positive impact of SMEs’ innovation practices on business survival rather than its performance. The study has several significant practical implications for SME managers, governments, and policy makers that have been stated.
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spelling pubmed-81556522021-05-28 Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support Adam, Nawal Abdalla Alarifi, Ghadah J Innov Entrep Research Global epidemic crises, such as the coronavirus (COVID-19), usually expose small and medium enterprises (SMEs) to various kinds of challenges and may put their lives at risk. This study aims to develop a theoretical model to provide insights about the association between innovation practices and the SMEs’ performance and survival while underlining the auxiliary role of external support in such a relationship. Online questionnaire has been used to collect the data from 259 randomly selected SME managers in Saudi Arabia, and the data was analyzed using the SmartPLS3 software. The structural equation modeling results showed that the innovation practices adopted by SMEs to face the repercussions of COVID-19 had a positive impact on the performance and likelihood of business survival. PLS-SEM bootstrap results indicated that external support aids strengthen the positive impact of SMEs’ innovation practices on business survival rather than its performance. The study has several significant practical implications for SME managers, governments, and policy makers that have been stated. Springer Berlin Heidelberg 2021-05-27 2021 /pmc/articles/PMC8155652/ /pubmed/34075328 http://dx.doi.org/10.1186/s13731-021-00156-6 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Research
Adam, Nawal Abdalla
Alarifi, Ghadah
Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support
title Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support
title_full Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support
title_fullStr Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support
title_full_unstemmed Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support
title_short Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support
title_sort innovation practices for survival of small and medium enterprises (smes) in the covid-19 times: the role of external support
topic Research
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8155652/
https://www.ncbi.nlm.nih.gov/pubmed/34075328
http://dx.doi.org/10.1186/s13731-021-00156-6
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