Abstract
In the postmodern era of industrialization, sustainable business performance is vital for success in a competitive environment. In order to attain sustainable business performance, Malaysian Small and Medium-sized Enterprises (SMEs) are facing various social and technological challenges. The objective of this study was to examine the roles of social and technological challenges in achieving a sustainable competitive advantage and sustainable business performance. To accomplish this objective, first-hand data were collected from Malaysian SMEs. Opinions of managerial staff of these SMEs were preferred regarding the roles of social and technological challenges in achieving a sustainable competitive advantage and sustainable business performance. An email survey was carried out to collect data. A total of 500 questionnaires were distributed among managerial staff of SMEs. Questionnaires were distributed by using simple random sampling. By using structural equation modeling, findings of the study revealed that social and technological challenges played major roles in boosting sustainable competitive advantage and sustainable business performance. Moreover, strategic alignment was a key in reflecting the positive roles of social and technological factors on sustainable competitive advantage. Findings of the study are beneficial for practitioners and will allow their strategies to reflect sustainable competitive advantages and sustainable business performance.
Highlights
In the postmodern era of industrialization, sustainable performance is vital for success in a competitive environment [1,2,3]
Because PLS is like conventional regression procedure, it offers an advantage to assess the connection between variables and the relationship among constructs at the same time [120,121,122]
The objective of this study is to examine the roles of social and technological challenges in achieving a sustainable competitive advantage and sustainable business performance
Summary
In the postmodern era of industrialization, sustainable performance is vital for success in a competitive environment [1,2,3]. There has been growing interest in the usage of a decision-making framework to accomplish sustainability goals in the current decade [6,7] because it is the most important part of every organization to achieve success in their objectives [8]. Sustainable performance can be defined as the harmonization of financial, social, and environmental purposes in the delivery of fundamental business actions in order to maximize value. It is the performance of a corporation in all dimensions as well as for all drivers of corporate. It is the performance of a corporation in all dimensions as well as for all drivers of corporate sustainability.
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