Performance of small firms in a circular economy: configuring challenges and entrepreneurial orientation

Khan, Eijaz Ahmed, Chowdhury, Md. Maruf Hossan, Hossain, Mohammad Alamgir, Mahmud, A.K.M. Shakil, Baabdullah, Abdullah M., and Dwivedi, Yogesh K. (2024) Performance of small firms in a circular economy: configuring challenges and entrepreneurial orientation. Management Decision. (In Press)

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Abstract

Purpose: Society's concerns about environmental degradation have tightened competitive pressure and brought new challenges to small firms. Against this backdrop, this study develops a decision model to determine a suitable configuration for entrepreneurial orientation to help small firms manage circular economy challenges and improve their performance.

Design/methodology/approach: This study used a multi-study and multi-method approach. Study 1, through qualitative in-depth interviews, identified a portfolio of circular economy challenges and entrepreneurial-orientation components. Study 2 applied the quality function deployment technique to determine the most important components of entrepreneurial orientation. Study 3 adopted a fuzzy set qualitative comparative analysis to determine the best configuration for challenges and components.

Findings: The findings reveal a set of challenges and identify the salient need to combine the negation of these challenges with the components of entrepreneurial orientation; this combination will improve the performance of small firms. The research extends the current knowledge of managing circular economy challenges and offers decision-makers insights into improving their resilience.

Originality/value: The use of the dynamic capability view, together with the multi-study and multi-method approach, may lead to an appropriate reconfiguration of entrepreneurial orientation, which, to date, has received limited empirical attention in the small-business-management discipline.

Item ID: 76937
Item Type: Article (Research - C1)
ISSN: 1758-6070
Keywords: Circular economy, Entrepreneurial orientation, Small firm, Dynamic capability, Fuzzy set qualitative comparative analysis
Copyright Information: Copyright © 2022, Emerald Publishing Limited
Date Deposited: 06 Dec 2022 04:29
FoR Codes: 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350704 Entrepreneurship @ 100%
SEO Codes: 15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150302 Management @ 100%
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