Owner-manager emotions and strategic responses of small family businesses to the COVID-19 pandemic DOI
Michael Christofi, Εlias Hadjielias, Raj V. Mahto

et al.

Journal of Small Business Management, Journal Year: 2023, Volume and Issue: 62(4), P. 2016 - 2057

Published: April 20, 2023

COVID-19 pandemic, a consensus crisis that has had profound effect on societies and economies globally, compelled family businesses to respond strategically in order remain afloat. We examine the role of their owner-managers' emotions strategic response drawing 38 in-depth interviews with owner-managers small Cyprus. Our findings reveal have experienced mainly negative during including higher levels stress, insecurity, fear, doubt. By reflecting these emotions, can activate affective mechanisms apply stewardship logic strategically. contribute business literature by conceptualizing key processes at intersection between owner-manager responses pandemic. focusing individual (that is, owner-manager) emotional attitudes, our study provides microfoundational explanation external crises offers both theoretical practical implications.

Language: Английский

Remote working and digital transformation during the COVID-19 pandemic: Economic–financial impacts and psychological drivers for employees DOI Open Access
Enrico Battisti, Simona Alfiero, Erasmia Leonidou

et al.

Journal of Business Research, Journal Year: 2022, Volume and Issue: 150, P. 38 - 50

Published: June 10, 2022

Language: Английский

Citations

133

Responding to unexpected crises: The roles of slack resources and entrepreneurial attitude to build resilience DOI Open Access
Elisa Conz, Giovanna Magnani, Antonella Zucchella

et al.

Small Business Economics, Journal Year: 2023, Volume and Issue: 61(3), P. 957 - 981

Published: Jan. 12, 2023

Language: Английский

Citations

51

Socio-Economic Stability and Sustainable Development in the Post-COVID Era: Lessons for the Business and Economic Leaders DOI Open Access

Vitaly Kaftan,

Wadim Kandalov,

I. N. Molodtsov

et al.

Sustainability, Journal Year: 2023, Volume and Issue: 15(4), P. 2876 - 2876

Published: Feb. 5, 2023

This paper focuses on social and economic stability, as well sustainable development, in the post-COVID era light of recent theoretical approaches leadership practices. As governments worldwide resorted to repeated national- regional-specific impositions isolation an (often failed) attempt contain spread coronavirus, their economies have been plunged into recessions, which deeper than those associated with global financial crisis past. Successful business leaders need be aware dominant trends unfolding COVID-19 pandemic is gradually coming its end New Globalization (a new international economy relations after COVID-19) materializing. With living, travel, trade interconnected, businesses plan for handling future outbreaks economic, social, consequences. The aim this draw lessons a focus challenges development Sustainable Development Goals (SDGs). also presents empirical model that assesses novel ways doing innovating using practices pandemic. employs our own data collected from 450 managers owners small medium enterprises (SMEs) Czech Republic Russia. Our results show innovation digitalization (e.g., smart metering or Internet Things (IoT)) are becoming main drivers transformation post-pandemic period. These might useful both academic researchers practitioners searching pathways recreating customer base era.

Language: Английский

Citations

46

Building entrepreneurial resilience during crisis using generative AI: An empirical study on SMEs DOI Creative Commons
Adam Shore, Manisha Tiwari, Priyanka Tandon

et al.

Technovation, Journal Year: 2024, Volume and Issue: 135, P. 103063 - 103063

Published: June 25, 2024

Recently, Gen AI has garnered significant attention across various sectors of society, particularly capturing the interest small business due to its capacity allow them reassess their models with minimal investment. To understand how and medium-sized firms have utilised AI-based tools cope market's high level turbulence caused by COVID-19 pandemic, geopolitical crises, economic slowdown, researchers conducted an empirical study. Although is receiving more attention, there remains a dearth studies that investigate it influences entrepreneurial orientation ability cultivate resilience amidst market turbulence. Most literature offers anecdotal evidence. address this research gap, authors grounded theoretical model hypotheses in contingent view dynamic capability. They tested using cross-sectional data from pre-tested survey instrument, which yielded 87 useable responses medium enterprises France. The used variance-based structural equation modelling commercial WarpPLS 7.0 software test model. study's findings suggest EO influence on building as higher-order lower-order capabilities. However, negative moderating effect path joins resilience. results assumption will positive effects capabilities competitive advantage not always true, linear does hold, consistent some scholars' assumptions. offer contributions open new avenues require further investigation into non-linear relationship

Language: Английский

Citations

27

Resilience of rural micro-businesses in an adverse entrepreneurial environment: adapting to the energy crisis DOI
Νικόλαος Αποστολόπουλος, Ilias Makris, Sotiris Apostolopoulos

et al.

Journal of Enterprising Communities People and Places in the Global Economy, Journal Year: 2024, Volume and Issue: unknown

Published: June 17, 2024

Purpose This study aims to examine the potential adaptability and resilience of rural micro-businesses within a business environment affected by successive crises, specifically drawing conclusions on crisis management, while simultaneously highlighting enterprises’ capabilities in managing current energy crisis, basis experiences best practices that they themselves have gained previously. Design/methodology/approach Convenience sampling was applied, effectively identifying 18 micro-entrepreneurs Greece. Subsequently, qualitative research conducted through semi-structured in-depth interviews. Findings Rural shown both economic health crises financial support received interventions implemented. However, different crises’ types carry risks. The has led operation’s costs raw material prices multiplying exponentially. Additionally, limited causing them respond though concrete defensive strategies innovative interventions. Research limitations/implications Future should local bodies trade unions’ perception crisis’ impact towards entrepreneurship. Practical implications findings are useful Greek European policy-makers as experience dealing with several previous can be tool when future crises. Originality/value paper adds international literature resilience, operating mode. it constitutes novel exclusively focused new challenges faced during recent crisis.

Language: Английский

Citations

16

Digitalization and entrepreneurial firms' resilience to pandemic crises: Evidence from COVID-19 and the German Mittelstand DOI Creative Commons
Tobias R. Bürgel, Martin R. W. Hiebl, David I. Pielsticker

et al.

Technological Forecasting and Social Change, Journal Year: 2022, Volume and Issue: 186, P. 122135 - 122135

Published: Nov. 1, 2022

While stressing the relevance of context, organizational resilience literature has so far not extensively examined in times healthcare crises such as ongoing COVID-19 pandemic. The Parasite Stress Theory Values suggests that pandemic have detrimental impacts on entrepreneurial activity due to social distancing and its effects interaction, collaboration, innovation. However, alternatives personal contact now available thanks digitalization, yet been examined. We expect firms with more digitalized business models show higher crises, especially those highly affected by globalization for non-family businesses than family businesses. Based a survey German Mittelstand midst crisis induced COVID-19, our findings broadly support expectations thus help qualify contribute better understanding crises.

Language: Английский

Citations

48

Digital Transformation of SMEs: The Role of Entrepreneurial Persistence and Market Sensing Dynamic Capability DOI
Michael Christofi, Huda Khan, Nadia Zahoor

et al.

IEEE Transactions on Engineering Management, Journal Year: 2023, Volume and Issue: 71, P. 13598 - 13615

Published: Jan. 16, 2023

New digital technologies, combined with the challenges faced by pandemic, have prompted several organizations, including small and medium sized enterprises (SMEs), to innovate their business models. We extent this article studying impact of strategic leaders' entrepreneurial persistence on transformation model innovation (BMI). also examine role market-sensing dynamic capability in these relationships. To test our hypotheses, we use survey data from 229 owners/CEOs senior managers SMEs based United Arab Emirates. The results show that positively influences adoption technologies BMI. Moreover, has a positive effect BMI mediates direct effects mediating influence is moderated market sensing capability.

Language: Английский

Citations

26

The interplay of context and entrepreneurship: the new frontier for contextualisation research DOI
Cyrine Ben‐Hafaïedh,

Mirela Xheneti,

Pekka Stenholm

et al.

Small Business Economics, Journal Year: 2023, Volume and Issue: 62(2), P. 571 - 582

Published: June 28, 2023

Language: Английский

Citations

25

Resilience in Family Businesses: A Systematic Literature Review DOI Creative Commons
Yasin Yilmaz, Sebastian Raetze, Julia Katharina de Groote

et al.

Family Business Review, Journal Year: 2024, Volume and Issue: 37(1), P. 60 - 88

Published: Jan. 19, 2024

Resilience attracts increasing attention across scientific domains, particularly in the context of family businesses, for which ability to navigate adversity is pivotal transgenerational success. This systematic literature review investigates 87 publications on organizational resilience businesses. Our analysis highlights four distinctive themes business resilience: (1) defining resilience, (2) long-term orientation and values, (3) resource capability endowments, (4) demonstration learning. We contribute research by providing a novel framework integrated definition, accompanied future agenda.

Language: Английский

Citations

15

Business survival strategies in a polycrisis: SME experiences from Beirut, Lebanon DOI Creative Commons

Jamal Maalouf,

Jason Miklian, Kristian Hoelscher

et al.

Business Horizons, Journal Year: 2025, Volume and Issue: unknown

Published: March 1, 2025

Language: Английский

Citations

1