Boosting Dynamic Capacity for SMEs in Volatile Environments

Small and medium-sized enterprises (SMEs) are increasingly exposed to volatile markets, technological disruption, and institutional uncertainty. In such environments, survival and growth depend on access to resources, and on the ability to sense change, take advantage of new opportunities, and continuously change business capabilities, also referred to as dynamic capacity. Increasing dynamic capacity enables SMEs to respond strategically to organizational risk, transform sources of innovation, and build long-term resilience. Further research may reveal dynamic capacity in SMEs as critical for competition, diversity and inclusion, and sustainable development in uncertain environments. Boosting Dynamic Capacity for SMEs in Volatile Environments explores how SMEs develop, deploy, and sustain dynamic capacities to adapt and compete in volatile and resource-constrained environments. It examines the internal capabilities, external conditions, and policy frameworks that enable strategic agility, resilience, and long-term performance under uncertainty. This book covers topics such as financial literacy, competitive advantage, and socioeconomics, and is a useful resource for business owners, policymakers, academicians, researchers, and scientists.