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The Resilience of a Small Company and the Grounds of Capitalism: Thriving on Non-Knowledgeable Ground

Author

Listed:
  • Margarida Cardoso

    (ALGORITMI Research Centre, University of Minho, Guimarães 4800-058, Portugal
    These authors contributed equally to this work.)

  • Isabel Ramos

    (ALGORITMI Research Centre, University of Minho, Guimarães 4800-058, Portugal
    These authors contributed equally to this work.)

Abstract

A case about a small company in Portugal enables an analysis of the resilience of small companies undergoing open innovation environments. Successfully facing non-knowledgeable grounds―which means insecurity, likelihood of disruption risk and uncertainty—is only possible through constant adaptation, by which a company can thrive and, through rational thinking, enable continuity. This study shows that open innovation achieved through agile partnerships can provide the resources and synergies necessary for the continued adaptation of small businesses to environments of high uncertainty. An ability to innovatively adapt is a central characteristic of resilient companies.

Suggested Citation

  • Margarida Cardoso & Isabel Ramos, 2016. "The Resilience of a Small Company and the Grounds of Capitalism: Thriving on Non-Knowledgeable Ground," Sustainability, MDPI, vol. 8(1), pages 1-16, January.
    • Handle: RePEc:gam:jsusta:v:8:y:2016:i:1:p:74-:d:62129
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    References listed on IDEAS

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    4. Mamouni Limnios, Elena Alexandra & Mazzarol, Tim & Ghadouani, Anas & Schilizzi, Steven G.M., 2014. "The Resilience Architecture Framework: Four organizational archetypes," European Management Journal, Elsevier, vol. 32(1), pages 104-116.
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    Cited by:

    1. Zahra Gorjian Khanzad & Ali A. Gooyabadi, 2021. "Development of Strategic Resilience Framework for Small Businesses Post-COVID-19," Businesses, MDPI, vol. 1(3), pages 1-15, September.

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