This paper develops and integrative research model of drivers of e-business capability and e-business value. Technology-organization-environment (TOE) framework, resource-based view (RBV), and dynamic capability (DC) theories underpin this research. Unlike traditional studies focusing on technology adoption, we concentrate on post-adoption of e-business technology. In this research-in-progress, we build a theoretical model to be tested using structural equation on a dataset of 250 fast growth small-to-medium enterprises (SMEs) across different industrial sectors. This research has important implications in regard to sources of competitive advantage, dynamic positional advantage, and firm performance.