The mediating effect of innovation capability on the relationship between dynamic capability and business resilience among tourism enterprises in Davao Region
Robegin C. Campomayor & Joseph Elmer G. Noval
Abstract
Business resilience lies in its capacity to enable organizations to adapt, recover, and thrive in the face of adversity, uncertainty, and disruptive challenges. This study utilizes a descriptive-correlational research design to examine the business resilience of Micro, Small, and Medium Enterprises (MSMEs) in the tourism industry of Region XI. Through a comprehensive literature review, the study delves into the interplay between dynamic capability, innovation capability, and business resilience, aiming to discern the relationships and characteristics of these vital variables. The findings reveal remarkable levels of resilience, dynamic capability, and innovation among MSMEs in the region, indicating their readiness to adapt, withstand challenges, and drive innovation within their businesses. Furthermore, the study identifies a strong and positive interdependence between dynamic capability, innovation capability, and business resilience, creating a dynamic and adaptable ecosystem for MSMEs. The significant role of innovation capability as a mediator in enhancing business resilience underscores the importance of fostering innovative practices to fortify the overall resilience of MSMEs. These insights provide valuable implications for policymakers, industry stakeholders, and MSMEs in crafting strategies to bolster business resilience and drive sustainable growth in the tourism sector.
Keywords
business management, agility, adaptive, innovate
Author information & Contribution
Robegin C. Campomayor. Corresponding author. Master in Business Management, Davao De Oro State College, College Instructor. Email:
rcampomayor@gmail.com
Joseph Elmer G. Noval. Ed.D and DM, University of Immaculate Conception.
“All authors equally contributed to the conception, design, preparation, data gathering and analysis, and writing of the manuscript. All authors read and approved the final manuscript.”
Disclosure statement
No potential conflict of interest was reported by the author(s).
Funding
This work was not supported by any funding.
Declaration
Notes
This paper is presented in the 1st International Conference on Management, Education & Innovation 2024 held on January 20, 2024.
Acknowledgement
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Cite this article:
Campomayor, R.C. & Noval, J.E.G. (2024). The mediating effect of innovation capability on the relationship between dynamic capability and business resilience among tourism enterprises in Davao Region. Management, Education & Innovation Review, 1(1), 77-93. https://doi.org/10.53378/meir.124.106
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