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2022, Academia Letters
What strategies do business leaders and aspiring entrepreneurs use to recover from adversity and start businesses in uncertain times? Things have changed recently when it comes to understanding what influences company decisions in challenging times. According to the findings of our recent research, certain human attributes are important to the success of entrepreneurs in the face of adversity. Resilience is also essential for entrepreneurs. Long-term economic development and increased private sector activity both depend on new enterprises, goods, services, and employment being created. Entrepreneurs are economic actors that provide the essential and desirable commodities and services as the lubricant that keeps the economy turning, whether they operate inside an existing organization or create a new firm. Entrepreneurs and aspiring entrepreneurs must: 1) participate in business development training to build their belief in their entrepreneurial resilience; 2) seek out networking events, special lectures, and mentoring opportunities to learn from others who have been resilient in difficult times; and 3) be active in their entrepreneurial pursuits, practice business acumen.
Vision: The Journal of Business Perspective
Factors Impacting Resilience of Women Entrepreneurs in India in the Face of COVID-19Although enough research has been carried out on factors inspiring women to start and operate business, there is a need to assess the role of various factors impacting resilience of Indian women entrepreneurs. Women entrepreneurs all over the world are struggling, adapting diverse strategies and innovating in the face of COVID-19, to fight against the crisis and bouncing back to their normal stage. The present study aims at identifying the direct relationships among selected factors in influencing the resilience of women entrepreneurs. The sample for the study comprised 396 women entrepreneurs from different regions of India. This is a survey-based study; a self-administered questionnaire was used for the collection of data. Analysis of the data collected was done using analysis of moment structures based structural equation modelling. Findings of the analysis state a significant and positive influence of entrepreneurial characteristics, resourcefulness, networking, adaptability and...
SIDREA Series in Accounting and Business Administration
Gender Diversity and Resilience in Firms During COVID-19 Pandemic2022 •
The recent years have been characterised by several events having positive and negative impacts on the environment in which organisations are operating. The most relevant events seem connected to the digital revolution through the adoption of smart technologies, economic crisis, SARS-COV-2 pandemic, turbulence, and complexity. In this scenario, people, organisations, and territories are changing the way to approach the environment in which they survive, introducing innovations and sustainable actions for growth and development. Particularly, organisations (i.e. private and public entities) are developing more and more resilient behaviours as well as the ability to adopt flexible behaviours especially to face new challenges, innovating business models and creating value. The advent of the digital revolution poses new challenges for organisations, pointing out the role of financial strategies as well as the connection with traditional bankoriented channels and innovative fundraising. Small and medium-sized enterprises (SMEs) and start-up companies are particularly invested by such events. Interestingly, they are interested in collecting financial resources for their progress and growth. They are investing time in searching funds also through digital platforms and social media. Thus, digital tools are increasingly reshaping the financial services sector and the entrepreneurial finance ecosystem. Additionally, the investigation of effects produced by SARS-COV-2 emergency on organisations is widely connected to several issues among which are the following: (1) the investigation of the productive world and the measures adopted by institutions and governments especially at the time of SARS-COV-2; (2) the proposition of solutions helping both businesses to recover more quickly from the crisis and the government to evaluate the effectiveness of measures for the economic recovery (e.g. Next Generation EU Funds; Recovery Plan), (3) the investigation of organisations (e.g. start-up companies) and their lifecycle management; (4) the female businesses focused on making activities and relational capital as a driver of strategic value or on entities
Research Journal of Business and Management
STRATEGIC FLEXIBILITY AND ORGANIZATIONAL RESILIENCE OF WOMEN ENTREPRENEURS IN AFRICA DURING THE COVID 19 PANDEMICThe recent COVID 19 pandemic, has not only revealed the unpredictable nature of the business environment, but has also demonstrated that change is indeed inevitable. This noted inevitability of change; particularly that which impacts on the economic activities of societies; is such that places a premium on organizational resilience. To survive and remain competitive, organizations are expected to be able to cope during turbulent times and to be consistent in their service offerings. This requires the structuring of organizational features that effectively support innovation, development and adaptability; all of which are hinged on the organization’s capacity for strategic flexibility during change events (Asikhia, 2020). Studies suggest that the key to sustained operations and business continuity during periods of turmoil lies in the development of options advanced prior to such periods; as well as the organizations ability to identify and latch on to existing as well as emerging opportunities during such periods of turmoil (Shokouhi & Ghafari, 2015; Wei, Yi & Guo, 2014; Asikhia, 2020). Methodology- In this study, the content bothered primarily on the experiences of women entrepreneurs within Africa – their constraints, challenges and set-backs as well as their opportunities and resilience in this COVID-19 crisis period. Scenarios were drawn from three key nations in Africa – (a) South-Africa, (b) Sudan, and (c) Nigeria. These three offered detailed evidence of the contextual factors and values that shape women entrepreneurs’ actions and tendencies within their various societies and communities. Findings- Supportive evidence also showed that the strengthening of networks, relationships with stakeholders and the emphasis on information technology advanced the organizations options and provided women entrepreneurs with various advantages in terms of information access, funding, support (social and financial) and knowledge sharing. Conclusion- On the basis of this observation, it was affirmed that strategic flexibility is essential for the actualization of organizational resilience. Its change driven value for learning and relationships are imperative for the survival and success of women entrepreneurs in Africa. Keywords: Strategic flexibility, women entrepreneurs, organizational resilience, Africa, COVID-19.
Journal of Entrepreneurship in Emerging Economies
Being an entrepreneur post-COVID- 19 -resilience in times of crisis: a systematic literature review2020 •
Purpose-The COVID-19 pandemic has had an uncertain impact on the global economy, especially for entrepreneurs and small and medium-sized enterprises that have suffered significant consequences. However, resilience has emerged as an entrepreneurial skill that allows companies to adapt and grow stronger in the face of challenges. Therefore, this paper conducted a literature review to identify the factors that comprise resilience to strengthen training programs for entrepreneurial skills. This study aims to lead to future empirical studies that will provide more understanding and equip professionals with the skills to adapt to crises. Design/methodology/approach-A systematic literature review was performed, analyzing studies related to entrepreneurship, resilience and crises. In total, 30 empirical studies were analyzed to determine the facts of the crises, the methodologies used and the actions taken to address them. Findings-The review identified resilience factors such as attitudes adopted toward the crisis, the characteristics of the business and the entrepreneur, the relationships with institutions, human and social capital and strategic management. These factors can be considered in training programs for resilient entrepreneurs and by the different actors in the entrepreneurial ecosystem, including the universities and public policymakers, who support them. Originality/value-This study provides a literature review that focuses on identifying the resilience factors of entrepreneurs who confronted past crises to know how to apply them to overcome the current situation and contribute to post-COVID-19 entrepreneurship. This paper hopes that the findings motivate others to conduct further empirical studies on entrepreneurship and resilience in times of crisis, especially in developing countries and emerging economies.
European Journal of Sustainable Development
Female Entrepreneurship Model, a Sustainable Solution for Crisis ResilienceEntrepreneurs have always been the engine of the whole economy, but the vast majority of them have been men. And as society has evolved, social or entrepreneurial behavior patterns have been redefined so that we can now look at the impact gender can have on leadership and its sustainability. And when would it be more appropriate to analyze sustainability than in times of crisis? Therefore, we have now, one year after the outbreak of the COVID-19 pandemic, undertaken a research based on a questionnaire as a research tool, disseminated in the Romanian entrepreneurial environment, by means of which we have been able to outline the analysis and conclusions regarding the business model that supports sustainable development, especially in times of crisis. Thus, through it, we have analyzed the impact that the COVID-19 pandemic has had on the development of entrepreneurial activity and we have extracted the "pattern" of changes that entrepreneurs have undertaken for resilience du...
Proceedings of the 6th Batusangkar International Conference, BIC 2021, 11 - 12 October, 2021, Batusangkar-West Sumatra, Indonesia
Womanpreneur's Resilience Facing the Covid Pandemic 19Studia z Polityki Publicznej
Business performance during the COVID-19 crisis: a major contribution of entrepreneurial resilience2022 •
The purpose of this paper is to explore if a well-accepted conceptualization of individual level resilience can be used to predict entrepreneurial success, thus offering the field an operationalization of resilience in entrepreneurs. Whilst many accept the importance of entrepreneurial resilience, it remains largely a metaphor applied to any aspect of entrepreneurship, from individual level to business to system level resilience. We explore resilience in a sample of 215 founding entrepreneurs and use regression analysis to examine the relationship between resilience and entrepreneurial success as indicated by individual level variables, and between resilience and entrepreneurial success as indicated by business performance variables. We find resilience in entrepreneurs comprises hardiness and persistence; that entrepreneurs are more resilient than other populations; and that resilience does predict entrepreneurial success. The results offer a parsimonious scale for use in future research into the resilience of entrepreneurs, the indicators of which could provide useful guidance in the development of resilience education and training for entrepreneurs. This research responds to recognition that the term resilience has multiple meanings and is a metaphor needing additional conceptualisation for the context in which it is used. These findings suggest that individual level resilience in entrepreneurs can be conceptualised as hardiness and persistence, and operationalized by the items in the CD-RISC 10-item scale.
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