In the complex and dynamic economic environment, the growing pain of small and micro enterprises is long-standing. It is urgent to strengthen the research on the endogenous growth mechanism of small and micro enterprises. Based on the background of the era of knowledge-driven economy, this paper explores the relationship between knowledge network embeddedness and dynamic capabilities of small and micro enterprises with environmental munificence as the regulating variable. We have the structural equation empirical research with the data from 260 questionnaires of small and micro enterprises. The results show that structural embeddedness and relational embeddedness have a positive driving effect on the dynamic capability of small and micro enterprises, and environmental munificence plays a positive regulatory role in the positive impact of knowledge network embedding on the dynamic capability. The research conclusion is helpful for the small and micro enterprise to develop dynamic capacity and for the supportive policy making as well.

How small and medium-sized enterprises (SMEs) survive and grow is a matter of great concern not just to enterprises but also to governments. Although past studies have mainly focused on the driving forces of corporate growth, they have yet to investigate how SMEs can build resilience and then achieve growth through their own knowledge management within challenging environments. Therefore, this paper empirically examines the internal links among knowledge management capabilities (KMC), organizational resilience (ORE), and the growth of SMEs under the influence of environmental munificence (EM). After analyzing the sample data from Chinese SMEs, results show that KMC actively promotes the growth of SMEs from both size expansion and qualitative optimization and that it can significantly positively affect the construction of ORE. In turn, ORE plays an intermediary role in the relationship between KMC and qualitative optimization. In addition, EM has negative moderating effects both on the relationship between KMC and the quality optimization of SMEs and that between KMC and ORE.