Strategic perspectives, creativity, and financial performance in Vietnamese SMEs
This study examines the relationships between the inside-out and outside-in perspectives of strategists, organizational creativity, and financial performance in Vietnamese small and medium enterprises (SMEs). Based on the resource-based view and dynamic capabilities view, we collected cross-sectiona...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-09-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S240584402307562X |
| _version_ | 1797669731126214656 |
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| author | Phuong Ngoc-Duy Nguyen Khuong Ngoc Mai Thu-Hang Le |
| author_facet | Phuong Ngoc-Duy Nguyen Khuong Ngoc Mai Thu-Hang Le |
| author_sort | Phuong Ngoc-Duy Nguyen |
| collection | DOAJ |
| description | This study examines the relationships between the inside-out and outside-in perspectives of strategists, organizational creativity, and financial performance in Vietnamese small and medium enterprises (SMEs). Based on the resource-based view and dynamic capabilities view, we collected cross-sectional data from 382 managers at all levels of Vietnamese SMEs. The study employed partial least squares structural equation modeling. The findings confirm that the inside-out perspective positively affects organizational creativity but has a negative impact on financial performance. Conversely, the outside-in perspective positively affects both organizational creativity and financial performance. Additionally, the study reveals that organizational creativity positively affects financial performance and acts as a mediator between both perspectives and financial performance. Thus, the study suggests that SMEs can benefit from adopting an outside-in perspective to enhance both their organizational creativity and financial performance. Overall, the study contributes to the literature on the cognitive school of strategic management in SMEs. |
| first_indexed | 2024-03-11T20:48:47Z |
| format | Article |
| id | doaj.art-ccc8d111097c4f86bb3bfd5ad0660aed |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-11T20:48:47Z |
| publishDate | 2023-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-ccc8d111097c4f86bb3bfd5ad0660aed2023-10-01T06:03:06ZengElsevierHeliyon2405-84402023-09-0199e20354Strategic perspectives, creativity, and financial performance in Vietnamese SMEsPhuong Ngoc-Duy Nguyen0Khuong Ngoc Mai1Thu-Hang Le2Vietnam National University, Ho Chi Minh City, Viet Nam; School of Economics, Finance and Accounting, International University, Vietnam National University-HCMC, Viet NamVietnam National University, Ho Chi Minh City, Viet Nam; School of Business, International University, Vietnam National University-HCMC, Viet NamVietnam National University, Ho Chi Minh City, Viet Nam; School of Business, International University, Vietnam National University-HCMC, Viet Nam; Corresponding author. Vietnam National University, Ho Chi Minh City, Viet Nam.This study examines the relationships between the inside-out and outside-in perspectives of strategists, organizational creativity, and financial performance in Vietnamese small and medium enterprises (SMEs). Based on the resource-based view and dynamic capabilities view, we collected cross-sectional data from 382 managers at all levels of Vietnamese SMEs. The study employed partial least squares structural equation modeling. The findings confirm that the inside-out perspective positively affects organizational creativity but has a negative impact on financial performance. Conversely, the outside-in perspective positively affects both organizational creativity and financial performance. Additionally, the study reveals that organizational creativity positively affects financial performance and acts as a mediator between both perspectives and financial performance. Thus, the study suggests that SMEs can benefit from adopting an outside-in perspective to enhance both their organizational creativity and financial performance. Overall, the study contributes to the literature on the cognitive school of strategic management in SMEs.http://www.sciencedirect.com/science/article/pii/S240584402307562XResource-based viewDynamic capabilities viewInside-out perspectiveOutside-in perspectiveOrganizational creativityFinancial performance |
| spellingShingle | Phuong Ngoc-Duy Nguyen Khuong Ngoc Mai Thu-Hang Le Strategic perspectives, creativity, and financial performance in Vietnamese SMEs Heliyon Resource-based view Dynamic capabilities view Inside-out perspective Outside-in perspective Organizational creativity Financial performance |
| title | Strategic perspectives, creativity, and financial performance in Vietnamese SMEs |
| title_full | Strategic perspectives, creativity, and financial performance in Vietnamese SMEs |
| title_fullStr | Strategic perspectives, creativity, and financial performance in Vietnamese SMEs |
| title_full_unstemmed | Strategic perspectives, creativity, and financial performance in Vietnamese SMEs |
| title_short | Strategic perspectives, creativity, and financial performance in Vietnamese SMEs |
| title_sort | strategic perspectives creativity and financial performance in vietnamese smes |
| topic | Resource-based view Dynamic capabilities view Inside-out perspective Outside-in perspective Organizational creativity Financial performance |
| url | http://www.sciencedirect.com/science/article/pii/S240584402307562X |
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