In times of crisis, SME entrepreneurs update and replace the firm’s resources and capabilities within strategic renewal processes in order to maintain organizational resilience. Appearing in the form of internal development and external sourcing, the outcomes of strategic renewal are explained by the synergy of individual, organizational, and environmental factors that reinforce SMEs’ dynamic capabilities. This research presents a qualitative comparative analysis (QCA) of the conjunctural causality between multi-level dynamic capability configurations and SME strategic renewal outcomes.

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An option is the right to buy (call) or sell (put) an underlying asset at a predetermined expiration date and price, known as the strike price. The underlying asset can be a commodity, currency, interest rate, stock, or bond. The expiration date is the date on which the option is exercised. Options can be used as hedging tools or to speculate on whether the price of an underlying asset will rise or fall.
LEGROS Benjamin - EM Normandie |
- Management Dictionary
- Corporate and Market Finance

