Highlights Examines impacts, coping strategies, and adjustments in light of COVID-19. Selects an international sample of hospitality operations. Considers insights of the resilience literature and theory. Develops theoretical frameworks emerging from the chosen inductive approach. Proposes theoretical and practical implications can illuminate future research.
PurposeThe purpose of this study is to understand how micro and small firms are navigating through the coronavirus disease 2019 (COVID-19) threat, and the alternatives they are implementing to coexist with the ongoing crisis. To this end, Italy's socioeconomically and traditionally significant wine industry is examined. The study considers insights of the theory of planned behaviour (TPB) and develops a theoretical framework, which proposes various emerging theoretical dimensions, including proactiveness, support-reliance and resourcefulness.Design/methodology/approachWinery owners–managers were contacted and invited to partake in the study completing an online questionnaire. Overall, 167 useable responses were collected.FindingsWhile facing the loss of vital income through decreasing demand and exports, participants resort to exploiting various initiatives, including “reinventing” their firms. Their observations also recognise the vital supporting role of various key stakeholders, first and foremost family members, as well as clients and staff. Concerning how owners-managers envision managing their firm post-COVID-19, two predominant groups are identified, one strongly favouring modern-day alternatives, and the second committing to the firm's traditional business model. Overall, the different predictors of the TPB, namely attitude, subjective norms and perceived behavioural control emerged.Originality/valueThis study is one of the first that empirically analyses micro and small firms in a socioeconomically and traditionally significant industry during an unprecedented event. In addition, the proposed theoretical framework provides a roadmap and guide to examine, understand and assimilate the entrepreneurial journey through a devastating event.
Purpose – The purpose of this paper is to study resilience among micro and small wineries. While the subject of organisational resilience has drawn the attention or numerous researchers, there is an argument that limited empirical evidence exist to support different theoretical constructs in regards to resilience. Thus, the paper addresses a knowledge gap. Design/methodology/approach – A questionnaire was designed to investigate strategies that can help businesses to become more resilient to contemporary challenges. A total of 273 owners and managers of Italian wineries participated in the study. Findings – Increasing costs, institutional barriers and the effects of the economic crisis on consumers’ wine purchases are perceived as most serious challenges. One fundamental impact is respondents’ loss of trust in institutions. Alternatives such as diversifying, knowledge of foreign languages and educational activities emerged as crucial to improve wineries’ performance, and therefore build their resilience. Practical implications – These findings highlight the vital role of institutions in developing supporting strategies to nurture an entrepreneurial culture among owners and managers of a very important group of businesses. Originality/value – By empirically investigating ways to achieve resilience among businesses of a traditional European sector, the study addresses a knowledge gap identified in contemporary research. The study also contributes to the development of the theory of resilience, for instance, by considering the literature on the theory of resilience, considering and adopting factors affecting micro and small enterprises’ resilience and identifying some of these factors in the context of micro and small wine enterprises.
Purpose The purpose of this study is to examine the effects and ways to confront the devastating effects of the COVID-19 crisis and develop a theoretical framework to facilitate understanding of these aspects from the perspective of micro, small and medium enterprises (MSMEs). In doing so, the fundamental insights of entrepreneurial self-efficacy, bricolage and improvisation are considered. Design/methodology/approach The study draws on data from 56 business owners-managers operating in eight different nations and representing three geographical regions; the data were gathered through an online questionnaire. Findings Various differences in responses from participants operating in the featured geographical settings were revealed. For instance, whereas a higher percentage of South American participants acknowledged financial impacts, they and their European counterparts were also more engaged. Originality/value The study provides various original and valuable elements. First, by gathering data from business owners-managers operating in different countries and geographical regions, it provides an international perspective concerning ways in which business operators confront an extreme event. Second, and related to the previous point, the study focusses on a business group (MSMEs), which is fundamental for many nations’ economies. Moreover, the experiences of MSMEs could be timely and insightful to industry and business stakeholders. Third, the proposed theoretical framework highlights various emerging dimensions associated with adaptation and responsiveness, with both theoretical and practical implications.
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