Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)

Abstract

Competence, Networking and Innovation as Key Factors to Enhance SMEs Performance A Systematic Review of Literature

Author(s): Maoto, M.K

This article reviews literature that discusses the nexus between core competence, networking and innovation to enhance the performance of small and medium enterprises. Despite the fact that these thought are undoubtedly intertwined, at this point in time, there have been some endeavours that systematically review and assimilate literature to scrutinise the associations between the three in relation to firm performance in developing countries.  The review is based on books, peer reviewed articles, conference papers and chapters in books between the year 2010 and 2018. Most recent studies in the field of Business Management have focused more on empirical research and given less attention to systematic reviews of literature in respect of linking core competence, networking, innovation and firm performance. As such, by connecting competence, networking as well as innovation in the review, this paper initiates debates on ways to improve SMEs performance, their survival rate and escalate their level of competitiveness in national and global market. The article concludes with recommendations of future research areas as well as recommendations to business owners or managers on ways they can improve firm performance through linking competence, networking and innovation.