REFRAMING GLOBAL BUSINESS AMID DISRUPTION: A RESILIENCE-BASEDSUSTAINABLE PROSPERITY FRAMEWORK FOR EMERGING ECONOMIES

Abstract

The contemporary global business environment is shaped by persistent and interconnected
disruptions spanning technological change, geopolitical instability, climate-related
pressures, and macroeconomic volatility. These conditions expose the limits of efficiencydriven strategy, particularly in the institutionally fragile settings of emerging economies.
Although organisational resilience and dynamic capabilities are each extensively theorised,
the way in which internal firm capabilities interact with external institutional conditions to
generate sustained, multidimensional performance remains insufficiently integrated and not
yet fully theorised. This conceptual article addresses that gap by developing the ResilienceBased Sustainable Prosperity Framework for Emerging Economies (RBSPF-EE). Drawing
on Dynamic Capabilities Theory and Institutional Theory, the framework positions dynamic
capabilities as the driver, organisational resilience as a central mediating mechanism,
sustainable prosperity as a multidimensional firm-level outcome, and the institutional
environment as a moderating force, together forming a moderated partial mediation model
expressed through six propositions. Nigeria is used as an illustrative analytical context
rather than as an empirical case. The framework offers firms and managers a diagnostic
logic for converting capabilities into resilience and prosperity, and offers policymakers and
emerging-economy institutions a rationale for reforms that raise the returns to private
capability investment. A structured agenda for empirical testing concludes the paper.