ABSTRACT

How does the use of adaptive resilience (perseverance and retrenchment) as a strategic response influence the performance of SMEs during catastrophic events such as the COVID-19 pandemic? This study examines how adaptive resilience in the form of perseverance and retrenchment has influenced the performance of SMEs during the COVID-19 pandemic. We also investigate the indirect effects of adaptive resilience on performance through strategic renewal, and the conditional indirect effect of adaptive resilience on performance through strategic renewal at different levels of organizational slack. We use multi-source data from managers and owners of 249 SMEs in Ghana and analyze the data using the conditional process analysis software, PROCESS. The results demonstrate that there were no direct relationships between perseverance and performance or retrenchment and performance. We also find that strategic renewal mediates the relationships between both perseverance and retrenchment on performance. Moreover, we find a conditional indirect effect of both perseverance and retrenchment on performance, such that the indirect effect of both perseverance and retrenchment on performance through strategic renewal is high at higher levels of organizational slack. We discuss implication of the findings for theory and practice.

摘要

在灾难性事件（例如COVID-19大流行）中，将适应性适应力（毅力和紧缩力）用作战略响应会如何影响中小企业的绩效？这项研究调查了在COVID-19大流行期间，以毅力和紧缩形式出现的适应性抵御力如何影响中小型企业的绩效。我们还研究了通过战略更新适应性弹性对绩效的间接影响，以及在组织松弛的不同水平上通过战略更新适应性弹性对绩效的条件间接影响。我们使用加纳249家中小型企业的管理者和所有者的多源数据，并使用条件过程分析软件PROCESS对数据进行分析。结果表明，毅力与绩效或裁员与绩效之间没有直接关系。我们还发现，战略更新可以调解毅力和精简绩效之间的关系。此外，我们发现毅力和裁员对业绩的间接影响是有条件的，因此毅力和裁员通过战略更新对绩效的间接影响在较高的组织松弛水平下较高。我们讨论了这些发现对理论和实践的影响。这样，毅力和裁员对于通过战略更新进行绩效的间接影响在组织松弛程度较高的情况下就很高。我们讨论了这些发现对理论和实践的影响。这样，毅力和裁员对于通过战略更新进行绩效的间接影响在组织松弛程度较高的情况下就很高。我们讨论了这些发现对理论和实践的影响。