Introduction: what is a "dynamic SME".- Dynamic capabilities and organizational resilience in turbulent environments.- Case 1: Xenon automation technology - cutting edge competence as competitive strategy.- Culture for organizational learning in turbulent environments.- The innovation triple challenge: a creativity check for SMES.- Intellectual capital as a strategic model to create innovation in new technology based firms.- An analysis of micro and small enterprises growth: an application of the management excellence model (MEG).- Case 2: KST turbine components - "Qualiyspeedservice" as competitive strategy.- Argentina: a chronically variable socio-economic environment for SMES.- Surviving and competing in times of crisis - cases of strategies by Argentine SMES.- Learning to cope with turbulent situations a study of owner - Managers in Argentine SMES.- SME vulnerability analysis: a tool for business continuity.- Knowledge risk management in turbulent times.- Knowledge management tools for SMES.- Learning to grow - A methodology to sustain growth capapilities of SMES.- Case 3: Herradep - a double and intelligent strategy to grow: improving worker knowledge and competences through self-managed short term projects.- How Brazilian textile enterprises learn to grow.- Virtual enterprises: strengthening SMES competitiveness via flexible businesses alliances.