What is it about?
This is concerned with the attainment of superior firm performance for owner-managed SMEs. It is possible by y building the core competence in transformational leadership, entrepreneurial competence and technical competence through innovativeness in product, process and behaviour.
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Why is it important?
Our findings show that the core competence and innovativeness are the main drivers for SME success. Transformational leadership is vital for managing strategic changes in self-renewal and restructuring, entrepreneurial competence is required for seizing globalisation-related opportunities with drive, technical competence is necessary for overcoming technical challenges in Industry 4.0 environment, and finally innovativeness in product, process and behaviour is crucial for acheiving customer satisfaction, competitiveness and incalculating innovative culture.
Perspectives
This thought-provoking article is relevant and useful to the SME fraternity in developing countries. It offers a fresh perspective to researches, academia, policy-makers and practitioners who can use this article for future guildelines and future further research.
Hee Song Ng
KDU Penang University College
Read the Original
This page is a summary of: The core competence of successful owner-managed SMEs, Management Decision, January 2018, Emerald,
DOI: 10.1108/md-12-2016-0877.
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