Examining the causal relationships among factors influencing SMEs' competitive advantage: a TISM-neutrosophic MICMAC approach
PurposeSmall and medium-sized enterprises (SMEs) are a major source of employment and revenue growth in developing nations like India, but they also face challenges from resource shortages, shifting consumer demand and heightened competition. This research aims to discover the aspects that enhance S...
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| Published in | Benchmarking : an international journal Vol. 31; no. 9; pp. 2919 - 2959 |
|---|---|
| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
Bradford
Emerald Publishing Limited
14.11.2024
Emerald Group Publishing Limited |
| Subjects | |
| Online Access | Get full text |
| ISSN | 1463-5771 1758-4094 |
| DOI | 10.1108/BIJ-08-2022-0529 |
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| Abstract | PurposeSmall and medium-sized enterprises (SMEs) are a major source of employment and revenue growth in developing nations like India, but they also face challenges from resource shortages, shifting consumer demand and heightened competition. This research aims to discover the aspects that enhance SMEs' competitiveness and performance.Design/methodology/approachBy analyzing literature and consulting experts, 10 factors that boost a firm's competitiveness were identified. The total interpretive structural modeling (TISM) method was then used to determine their interaction and structural hierarchy. Neutrosophic-MICMAC analysis was employed to assess the driving-dependence power of each factor.FindingsThe study discovered that the factor, namely “entrepreneurial orientation,” was found to be a significant one. “Manufacturing strategy” was found to be extremely dependent on the remaining competitive advantage factors.Research limitations/implicationsThis SME-focused framework can be adopted by large businesses to enhance organizational performance by focusing on critical factors. The study depends on experts' judgment, which might be biased. Findings will assist SMEs in identifying significant factors influencing competitive advantage and relationships, increasing awareness of factors contributing to competitive edge.Practical implicationsThe results of the research may encourage SME sector managers and practitioners to prioritize the factors that contribute to a firm's competitive advantage.Originality/valueThe majority of research on SME competitive advantage focuses on individual aspects. To add to the body of knowledge on the subject, this study applies the TISM technique to Indian SMEs to identify the contextual interactions among factors that increase long-term competitiveness. |
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| AbstractList | PurposeSmall and medium-sized enterprises (SMEs) are a major source of employment and revenue growth in developing nations like India, but they also face challenges from resource shortages, shifting consumer demand and heightened competition. This research aims to discover the aspects that enhance SMEs' competitiveness and performance.Design/methodology/approachBy analyzing literature and consulting experts, 10 factors that boost a firm's competitiveness were identified. The total interpretive structural modeling (TISM) method was then used to determine their interaction and structural hierarchy. Neutrosophic-MICMAC analysis was employed to assess the driving-dependence power of each factor.FindingsThe study discovered that the factor, namely “entrepreneurial orientation,” was found to be a significant one. “Manufacturing strategy” was found to be extremely dependent on the remaining competitive advantage factors.Research limitations/implicationsThis SME-focused framework can be adopted by large businesses to enhance organizational performance by focusing on critical factors. The study depends on experts' judgment, which might be biased. Findings will assist SMEs in identifying significant factors influencing competitive advantage and relationships, increasing awareness of factors contributing to competitive edge.Practical implicationsThe results of the research may encourage SME sector managers and practitioners to prioritize the factors that contribute to a firm's competitive advantage.Originality/valueThe majority of research on SME competitive advantage focuses on individual aspects. To add to the body of knowledge on the subject, this study applies the TISM technique to Indian SMEs to identify the contextual interactions among factors that increase long-term competitiveness. |
| Author | Subramanian, Nagamani John William, A. Suresh, M. |
| Author_xml | – sequence: 1 givenname: A. orcidid: 0000-0003-1309-0634 surname: John William fullname: John William, A. email: dr.johnwilliam86@gmail.com – sequence: 2 givenname: M. orcidid: 0000-0002-3796-3623 surname: Suresh fullname: Suresh, M. email: m_suresh@cb.amrita.edu – sequence: 3 givenname: Nagamani surname: Subramanian fullname: Subramanian, Nagamani email: krish14144@gmail.com |
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| CitedBy_id | crossref_primary_10_1108_BIJ_08_2023_0572 crossref_primary_10_1108_SAJBS_08_2024_0314 crossref_primary_10_1108_RIBS_12_2021_0173 |
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| Keywords | Knowledge sharing Competitive advantage Market responsiveness Dynamic managerial capabilities Small and medium enterprises Manufacturing strategy |
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| SubjectTerms | Business competition Causality Competition Competitive advantage Developing countries Economic development Knowledge sharing LDCs Manufacturing Small & medium sized enterprises-SME Small business Structural hierarchy |
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| Title | Examining the causal relationships among factors influencing SMEs' competitive advantage: a TISM-neutrosophic MICMAC approach |
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