Consumption, Production and Entrepreneurship in the Time of Coronavirus

Gallitto, Elena; Massi, Marta; Harrison, Paul J.

doi:10.1007/978-3-030-93169-8_1

Cited by 2 publications

(2 citation statements)

References 10 publications

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“…Strategy is a complex concept that finds its way both in crisis elements and management. Different strategies for internal and external crises could exist, respectively (Gallitto et al , 2022). The rationale for including strategy in the crisis elements is that it defines various approaches to handling and resolving the crisis.…”

Section: Crisis Elements and Their Importancementioning

confidence: 99%

“…Through Apple and Google, COVID-19 has proven that crises can strip organizations of their agency, influence, and control (IMF, 2017). Because crises are inevitable, it, therefore, becomes imperative for organizations, and governments, to scan the horizon, get a sense of the faced crisis type, how it can impact their operations and establish a purposeful plan to better respond to future crises (Gallitto et al , 2022).…”

Section: Crisis Elements and Their Importancementioning

confidence: 99%

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A novel approach to conducting business research after COVID-19: incorporating crisis elements in the study frameworks

Seshadri

Kumar

2022

IJLMA

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Purpose To understand how to deal with high effect situations, like that associated with COVID-19, in the future, many economists, academics and business leaders are drawing parallels between the 2008 financial crisis and the current pandemic. This study aims to explore how crisis elements can be considered while strategizing for business research despite the minimal possibility of an emergency occurring. Also, research in crisis management is fragmented, resulting in isolated components guiding businesses through crises. This research emphasizes the relative scarcity of a comprehensive crisis management framework. Design/methodology/approach COVID-19 has been the biggest crisis the world has ever confronted, and businesses require an innovative strategy to address it. Towards keeping the data set involved in this study targeted and manageable, articles are selected from peer-reviewed journals based on a purposive sampling method. In addition, the research used reports from consulting firms and government and nongovernment organizations to understand current trends in business research. Findings The findings revealed that for a firm to survive a crisis, it must ensure its plans are aligned with the trends that would allow it to grow during the crisis. Rather than entirely changing the track, strategies should be guided by the company's existing resource availability and capabilities. The techniques used must ensure the company's profitability or limit losses, thus ensuring long-term viability. Real-life examples from the current pandemic have shown how firms who recognized crisis characteristics could survive the pandemic and profited multiple times. Originality/value It presents an integrated, sector-agnostic crisis management framework based on literature, business managers' insights and lessons from the current pandemic. Precrisis, crisis arrival, crisis management and crisis experience are the four phases of the framework. The study proposes future research directions to scholars in applying the framework and its enhancement concerning the upcoming crisis possibilities.

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Section: Crisis Elements and Their Importancementioning

confidence: 99%

Section: Crisis Elements and Their Importancementioning

confidence: 99%

A novel approach to conducting business research after COVID-19: incorporating crisis elements in the study frameworks

Seshadri

Kumar

2022

IJLMA

View full text Add to dashboard Cite

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Startup growth in pandemic: organizational resilience in an extreme crisis situation

Alvarez-Salazar,

Bazán

2024

MRJIAM

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Purpose This study aims to examine the resilience of Peruvian startups during the COVID-19 pandemic using a framework proposed by Lengnick-Hall et al. (2011), in which resilience impacts organizational strengthening. The goal is to identify those characteristics that allowed certain startups to discover growth opportunities amid this crisis. Design/methodology/approach This study analyzed human, social and entrepreneurial capital variables in Peruvian startups using data from a survey conducted in July 2020. Binary logistic regression was used to determine which organizational resources increased the probability of identifying growth opportunities during the pandemic. Findings The findings suggest that human capabilities become secondary in extreme crises such as pandemics. Critical factors for startup resilience include commercial partnerships with established firms, founders’ capital investment, business maturity and adoption of advanced digital technologies. Originality/value This research provides unique insights into startup resilience and growth in Peru during the COVID-19 crisis. The authors observed that business growth during this period was largely unpredictable, with less emphasis on human capabilities. The study highlights the importance of external factors in resilience, the role of collaboration between established firms, the integration of advanced digital technologies and the influence of founders’ investments and business maturity in navigating difficult times.

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Consumption, Production and Entrepreneurship in the Time of Coronavirus

Cited by 2 publications

References 10 publications

A novel approach to conducting business research after COVID-19: incorporating crisis elements in the study frameworks

A novel approach to conducting business research after COVID-19: incorporating crisis elements in the study frameworks

Startup growth in pandemic: organizational resilience in an extreme crisis situation

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