Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performance
This study examines the role of strategic renewal in the firm performance of Micro, Small, and Medium Enterprises (SMEs) in Tourism during Covid 19 in the context of Indonesia. Using Structural Equation Modeling, the findings highlight the importance of human capital and ambidextrous capabilities in...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Academy of Business and Emerging Markets
2022-09-01
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| Series: | Journal of the Academy of Business and Emerging Markets |
| Subjects: | |
| Online Access: | https://doi.org/10.5281/zenodo.7089716 |
| _version_ | 1827379752353136640 |
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| author | Herrijal Jaka Sari Wahyuni Meiditomo Sutyarjoko |
| author_facet | Herrijal Jaka Sari Wahyuni Meiditomo Sutyarjoko |
| author_sort | Herrijal Jaka |
| collection | DOAJ |
| description | This study examines the role of strategic renewal in the firm performance of Micro, Small, and Medium Enterprises (SMEs) in Tourism during Covid 19 in the context of Indonesia. Using Structural Equation Modeling, the findings highlight the importance of human capital and ambidextrous capabilities in creating resilience and improving firm performance through strategic renewal. We also find that organizational resiliencies do not always positively affect strategic renewals. We suspect that only a high degree of organizational resiliencies with innovative capabilities can orchestrate the strategic renewal. The innovative capabilities are mainly dependent on the quality of human capital. Therefore, SMEs in the tourism industry need to improve their human capital to achieve innovative capabilities to survive in crises and have a competitive advantage to keep up with the changes in the tourism industry. |
| first_indexed | 2024-03-08T13:22:39Z |
| format | Article |
| id | doaj.art-7234853621684b12bdbd35b45cb5219c |
| institution | Directory Open Access Journal |
| issn | 2563-6960 |
| language | English |
| last_indexed | 2024-03-08T13:22:39Z |
| publishDate | 2022-09-01 |
| publisher | Academy of Business and Emerging Markets |
| record_format | Article |
| series | Journal of the Academy of Business and Emerging Markets |
| spelling | doaj.art-7234853621684b12bdbd35b45cb5219c2024-01-17T23:50:17ZengAcademy of Business and Emerging MarketsJournal of the Academy of Business and Emerging Markets2563-69602022-09-0122374810.5281/zenodo.7089716Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performanceHerrijal Jaka 0https://orcid.org/0000-0001-8304-3273Sari Wahyuni1https://orcid.org/0000-0003-1477-8529Meiditomo Sutyarjoko 2https://orcid.org/0000-0002-8368-4270University of Indonesia, IndonesiaUniversity of Indonesia, IndonesiaIndonesia Strategic Management Society, IndonesiaThis study examines the role of strategic renewal in the firm performance of Micro, Small, and Medium Enterprises (SMEs) in Tourism during Covid 19 in the context of Indonesia. Using Structural Equation Modeling, the findings highlight the importance of human capital and ambidextrous capabilities in creating resilience and improving firm performance through strategic renewal. We also find that organizational resiliencies do not always positively affect strategic renewals. We suspect that only a high degree of organizational resiliencies with innovative capabilities can orchestrate the strategic renewal. The innovative capabilities are mainly dependent on the quality of human capital. Therefore, SMEs in the tourism industry need to improve their human capital to achieve innovative capabilities to survive in crises and have a competitive advantage to keep up with the changes in the tourism industry.https://doi.org/10.5281/zenodo.7089716ambidexterity capabilitieshuman capitalorganizational resiliencerenewal strategyorganizational performance |
| spellingShingle | Herrijal Jaka Sari Wahyuni Meiditomo Sutyarjoko Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performance Journal of the Academy of Business and Emerging Markets ambidexterity capabilities human capital organizational resilience renewal strategy organizational performance |
| title | Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performance |
| title_full | Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performance |
| title_fullStr | Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performance |
| title_full_unstemmed | Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performance |
| title_short | Impact of organizational resilience, ambidexterity capability, and strategic renewal during Covid-19 on firm performance |
| title_sort | impact of organizational resilience ambidexterity capability and strategic renewal during covid 19 on firm performance |
| topic | ambidexterity capabilities human capital organizational resilience renewal strategy organizational performance |
| url | https://doi.org/10.5281/zenodo.7089716 |
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