Resource capabilities and sustainable export performance: An application of m-TISM for Indian manufacturing MSMEs

Abstract

MSMEs are considered to be the backbone of India's current and future economic progress. These institutions are geared to support and encourage the development of new-generation entrepreneurs in India who have the potential to create global competitive businesses. However, achieving the right resource balance is critical for these firms. As a result, a set of 14 relevant factors from the resource-based view (RBV) model were discovered and ranked using modified total interpretive structural modeling in order to reflect their impact on MSMEs' export performance. Together with the MICMAC methodology, this method establishes a hierarchical relationship between the factors. Our findings, which back up earlier studies, confirm the impact of these 14 essential components on RBV modeling adoption on MSMEs' export success. The components covered in the analysis have emerged as linkage elements, establishing a strong basis for MSMEs to internationalize competitively and become resilient in their approach by developing a deep strategic connection among themselves. Strategic direction, upper echelon orientation, financial capacity, and the external environment all have a significant impact on MSMEs' export performance. Finally, the implications for research and practise are examined in order to assist decision-makers in developing a long-term competitive edge for Indian firms.