Business

A contingent value of bricolage strategy on SMEs’ organizational resilience: lessons from the COVID-19 pandemic

J. Park and R. Seo

This study by Ji-Hoon Park and Ribin Seo delves into the innovative strategies employed by SMEs to thrive during the challenges of the COVID-19 pandemic. It uncovers how these bricolage tactics relate to organizational resilience, contingent upon government support and business process innovation, revealing complex trade-offs that can shape business success in turbulent times.

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Playback language: English

Index

Abstract

This study investigates the impact of bricolage strategies on the organizational resilience of small and medium-sized enterprises (SMEs) during the COVID-19 pandemic. It explores how the relationship between bricolage and resilience is contingent upon government support and business process innovation. Analysis of the Korean Innovation Survey 2021 reveals that SMEs using bricolage demonstrate greater resilience. However, this effect diminishes with government financial aid or business process innovation, suggesting potential trade-offs between self-reliance and external support or comprehensive innovation.

Publisher

Humanities and Social Sciences Communications

Published On

Feb 13, 2024

Authors

Ji-Hoon Park, Ribin Seo

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