TY - JOUR T1 - Technology Adaptation and Survival of SMEs: A Longitudinal Study of Developing Countries JF - Technology Innovation Management Review Y1 - 2020 A1 - Supriyo Das A1 - Amit Kundu A1 - Arabinda Bhattacharya KW - developing countries KW - SME KW - sustainability KW - technological environment KW - technology readiness AB - In the current era of internationalizing business activities and globalizating markets, technology has become an essential tool for enhancing market competitiveness. With globalization, a country's economic and business scenarios can change drastically. Many companies have seized on opportunities to pursue, and sometimes achieve economies of scale. Especially in some countries, however, the technological revolution creates significant challenges for small business entrepreneurs. Technological development plays a pivotal role in making small and medium enterprises (SMEs) competitive, as well as leading to sustainable growth. Under such circumstances, it is relevant to consider a country's technological environment for ways that can lead SMEs towards sustainable development. In the present study, we explore the impact of volatility in technological environments on the sustainability of SMEs in developing countries with emerging economies. We use the Global Competitive Index Report for the period 2012-2016, in which six parameters were applied to define the technological environment of developing nations. Two factors, namely, institutional capabilities and external capabilities emerged as significant factors according to factor analysis. We also studied the impact of emerging factors in new technological environments on the sustainability of SMEs in the specific time period using a regression analysis. The results indicate that both institutional capabilities and external capabilities become significant when time is taken as a selection variable. The highly significance of the time variable indicates the dynamism of today's technological environments. As well, institutional capabilities were found to have a strong impact on a business' sustainability, in comparison with external capabilities and the high level of technological volatility. PB - Talent First Network CY - Ottawa VL - 10 UR - timreview.ca/article/1369 IS - 6 U1 - University of Calcutta Supriyo Das is Assistant Professor for Marketing at Asutosh College, India. He obtained his BTech from the University of Calcutta, Kolkata, then a Masters in Business Management from the University of Calcutta, and is now pursuing a PhD from the same university. He is UGC Net qualified, with eight years of banking experience, including special exposure in rural banking and marketing. His primary research interests are in entrepreneurship development, financial innovation and social inclusion, where he publishes in journals, such as Journal of Global Entrepreneurship and in the edited volumes of the EDII’s conference proceedings. U2 - University of Calcutta Amit Kundu is presently Professor and Dean in the School of Management, at Techno India Group. He obtained his BTech from Jadavpur University, Kolkata, MBA from the Indian Institute of Engineering, Science and Technology (IIEST), Shibpur, and PhD from the Department of Business Management, University of Calcutta. He was previously a Business Development Executive of Consulting Engineering Services Private Limited (India) in New Delhi. He has extensive industrial and consulting experience in the areas of marketing strategy, project planning, and implementation. He has presented research papers at multiple conferences and events, both in India and abroad, with publications in peer reviewed journals. He received an outstanding research award at the Global Conference on Business and Finance from the Institute for Business and Finance Research in Las Vegas, USA. U3 - University of Calcutta Arabinda Bhattacharya is a former Associate Professor of the Department of Business Management, University of Calcutta, where he taught for 40 years. He completed his MStat from the Indian Statistical Institute in 1974. He obtained a MPhil in Economics from the Centre for Development Studies, Trivandrum affiliated to Jawaharlal Nehru University, New Delhi. He also did an FDP in Management from the Indian Institute of Management, Ahmedabad. His research interests are in the area of organisational behaviour and market research. He has published research in national and international journals and has supervised numerous research scholars in their doctoral work. ER -