Dynamic Capabilities and Performance of Small and Medium Scale Enterprises (SMEs): A Systematic Literature Review (SLR) through PRISMA Protocol Statement

Abstract

This paper provided insights on different empirical findings and extant literature on the theory of dynamic capabilities and SMEs performance using systematic literature review through PRISMA Protocol (Preferred Reporting Items for Systematic Reviews and Meta-Analyses). Furthermore, the study also provided conceptual review on the theory of dynamic capabilities and its dimensions for measuring small and medium enterprise (SMEs) performance. The methodology for this study was based on use of systematic literature review through PRISMA Protocol statement to justify the review of related contemporary literature and data collected on the journals reviewed. Based on this methodology, the study indicated that the authors agreed that there is significant and positive relationship between dynamic capabilities and SMEs business performance. Also, the study indicated that Augier and Teece (2007); Teece, & Linden (2017) and Teece, Pisano & Shuen (1997) were the prominent and well referenced work on the theory of dynamic capabilities which has contributed significantly to extant literature. The study recommended that there is need for further studies on the extent of relationship between dynamic capabilities and SMEs performance by considering other dimensions other than those provided in this study and determine if the inconsistencies that exist among authors on this investigation can be model appropriately.

Keywords: Dynamic Capabilities, Environment, SMEs, Performance, Edo State