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SME Resilience to Covid-19
Author(s) -
Eltigani Ahmed,
James M. Kilika,
Clare Gakenia
Publication year - 2021
Publication title -
international journal of finance and banking studies (2147-4486)
Language(s) - English
Resource type - Journals
ISSN - 2147-4486
DOI - 10.20525/ijfbs.v10i4.1399
Subject(s) - business , resilience (materials science) , thematic analysis , leverage (statistics) , orchestration , government (linguistics) , dynamic capabilities , service provider , diversification (marketing strategy) , dynamism , public relations , knowledge management , industrial organization , marketing , service (business) , qualitative research , political science , sociology , art , musical , social science , linguistics , philosophy , physics , machine learning , quantum mechanics , computer science , visual arts , thermodynamics
The theory of dynamic resource orchestration explains the differentiated response of homogeneous ecosystem organizations to systemic disruptive shocks. The Covid-19 precautionary measures in Kenya have exempted some essential service providers and government agencies, resulting in a differentiated Covid-19 impact across the national SMEs landscape. This article adopted an extractive thematic analysis technique to draw insights from in-depth interviews and discussions with owners and managers of 6 broad-range SMEs considered non-essential services providers excluded from the Covid-19 cessation of movement waiver. The article advanced insights on SMEs' resilience through dynamic resource orchestration capability. It sought to establish whether the possession and orchestration of dynamic resources capabilities differentiated highly resilient SMEs from non-resilient ones. The article identified business diversification, slack finance, intra-stakeholder collaboration, self-reinvention, positive psychology, technology leverage, and cost management as precursory resilience agents within Kenyan SMEs. Research gaps were identified, and recommendations for future research were proposed.

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