Grand challenges and emerging market small and medium enterprises: The role of strategic agility and gender diversity

This paper examines the role played by strategic agility and gender diversity in enabling the creation of value for grand challenges (VCGCs) by small and medium‐sized enterprises originating from emerging markets (ESMEs). ESMEs face significant challenges due to the dynamic environments in which the...

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Bibliographic Details
Published in:The Journal of product innovation management 2024-03, Vol.41 (2), p.473-500
Main Authors: Zahoor, Nadia, Khan, Huda, Donbesuur, Francis, Khan, Zaheer, Rajwani, Tazeeb
Format: Article
Language:English
Subjects:
Boundary conditions
Collaboration
Emerging markets
Gender
gender diversity
grand challenges
Heterogeneity
Innovations
responsible collaborative innovation
Small & medium sized enterprises-SME
SMEs
strategic agility
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Summary:This paper examines the role played by strategic agility and gender diversity in enabling the creation of value for grand challenges (VCGCs) by small and medium‐sized enterprises originating from emerging markets (ESMEs). ESMEs face significant challenges due to the dynamic environments in which they operate and the limited support they receive from formal institutions. In such contexts, strategic agility enables ESMEs to drive VCGCs through responsible collaborative innovation. We further argue that gender diversity is an important boundary condition that influences the effect of strategic agility on VCGCs via responsible collaborative innovation. Utilizing 228 survey responses from ESMEs originating from the United Arab Emirates (UAE), our findings shed light on the vital role played by strategic agility in enhancing ESMEs' VCGCs. Specifically, our findings indicate that responsible collaborative innovation acts as an important mediating mechanism between strategic agility and VCGCs. In addition, gender diversity emerges as an important moderating factor in that, in the presence of more heterogeneous senior management teams, the effect of strategic agility on VCGCs through the mediating mechanism of responsible collaborative innovation is higher. These findings contribute to the literature on dynamic capabilities, upper echelons, and grand challenges by providing important insights into the mechanisms and boundary conditions of VCGCs in the context of emerging market firms.
ISSN:0737-6782
1540-5885
DOI:10.1111/jpim.12661