Building Dynamic Capability – an Imperative for SME Competitive Advantage

Irrespective of their size or sector, most small and medium sized enterprises (SMEs), thanks to technological innovation, affordability, and accessibility, find themselves competing in a competitive global environment. However, unlike many of the established multinational organizations also operating in the same sectors, SMEs are acutel y impacted by a scarcity of resources, be they finance, sk ills, equipment, etc. What becomes a key factor not only fo r survival but also success is how organizations effectively id entify the necessary resources, and then put them to work in building a successful, responsive, and comp etitive business