Crises and entrepreneurial opportunities: Digital social innovation in response to physical distancing

Scheidgen, Katharina; Gümüşay, Ali Aslan; Günzel-Jensen, Franziska; Krlev, Gorgi; Wolf, Miriam

doi:10.1016/j.jbvi.2020.e00222

Cited by 66 publications

(42 citation statements)

References 26 publications

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“…Considering the foregoing, we can state that entrepreneurs are not unfamiliar with market uncertainty, even if the current circumstances have changed unexpectedly. Scheidgen et al suggested that entrepreneurs are the factors absorbing the shocks and the negative consequences of the COVID-19 crisis [19]. An innovative entrepreneurial attitude, proactivity, bearing risk, and uncertainty can be considered important aspects in organizational performance during the crisis periods [20].…”

Section: Key-issues Of the Current Pandemic Crisismentioning

confidence: 99%

From Decision to Survival—Shifting the Paradigm in Entrepreneurship during the COVID-19 Pandemic

et al. 2021

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(1) Purpose: The main objective of this research was to determine if and how the COVID-19 pandemic impacted new entrepreneurial opportunities. The study also focused on finding the means of actions that can positively affect the future entrepreneurial field. (2) Methodology: Initially, the literature review was approached, the complementary evaluation of the researchers’ interest sustaining the timeliness of the analyzed topic. The empirical analysis implied conducting a multiple statistical regression on how the new entrepreneurial opportunities can be affected by relevant variables. (3) Findings: The obtained results highlighted a potential beneficial effect of the COVID-19 pandemic on entrepreneurship, namely determining new entrepreneurial opportunities. The need to consider new directions of action in entrepreneurship was also outlined, the online migration and the adaption to new market configurations being considered essential promoters of change. (4) Practical Implications/Originality/Value: Although existing research focused, to a large extent, on analyzing the COVID-19 pandemic’s effects on entrepreneurship, few of them highlighted a future perspective that would ensure the continuity of entrepreneurial processes in extreme conditions, such as those under study. The present research could contribute to the specialty literature enrichment while serving as guidance to the entrepreneurship practitioners towards the implementation of long-term visions and processes.

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Section: Key-issues Of the Current Pandemic Crisismentioning

confidence: 99%

From Decision to Survival—Shifting the Paradigm in Entrepreneurship during the COVID-19 Pandemic

et al. 2021

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“…Indeed, Am et al ( 2020 ) point out that in a recent survey of more than 200 organizations across industries, more than three-quarters agreed that the COVID-19 crisis would create significant new opportunities for growth, although this varies significantly by industry. Also, in a very recent contribution by Scheidgen et al ( 2021 ), the authors examine how crises in general—and COVID-19 in particular—shape entrepreneurial opportunities in Germany. They find that entrepreneurs are proactive agents in alleviating the negative consequences of the COVID-19 crisis.…”

Section: Discussionmentioning

confidence: 99%

“…Entrepreneurs’ creativity and adaptability will be crucial in relaunching their activities and positioning their businesses in the post-crisis period. It is because of resilience that they can see an opportunity in chaos and survive uncertain times (Maritz et al, 2020 ; Scheidgen et al, 2021 ). To make those opportunities a reality, however, some government intervention is required to mitigate the negative effects of lockdown restrictions by revitalizing the entrepreneurial ecosystem.…”

Section: Theoretical Background and Past Evidencementioning

confidence: 99%

Finding Entrepreneurial Opportunities in Times of Crisis: Evidence from Tunisia

Karamti

Abd-Mouleh

2022

J Knowl Econ

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Entrepreneurship is a highly complex process influenced by numerous factors. The goal of this paper is to identify the combinations of fundamental entrepreneurial determinants that drive opportunity recognition (OR) in different economic environments. We focus on two points in Tunisia’s recent economic cycle: before and after the 2011 Revolution. Using micro-level survey data, the study employs ordered logit analysis to identify basic entrepreneur characteristics that may increase the likelihood of identifying entrepreneurial opportunities during these two economic cycle phases. Several key factors, such as training, creativity, and social networks, are found to be ineffective in the OR process. Furthermore, education attainment lost its major and well-established function throughout Tunisia’s profound and protracted socioeconomic crisis. Only self-efficacy and prior experience have particularly strong effects on identifying entrepreneurial opportunities during the period of economic downturn. Despite the government's efforts to incorporate entrepreneurship education into university curricula and business practices, these findings show that Tunisia is still in the early phases of entrepreneurship integration and development, with patchy and uncoordinated activity. The drivers of entrepreneurial perception in the quest for opportunities described by western theories should not be applied uniformly in less developed economies, which have unique political and economic contexts and challenges. We also noticed that the revolution’s resulting crisis did not deter young entrepreneurs from launching business ventures. This finding may pique the Tunisian government’s interest in devising an effective strategy to support young entrepreneurship, especially in light of the new COVID-19 outbreak’s potential impact on Tunisia’s already vulnerable economy.

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“…However, regulations that promote social distancingand foster the Low Touch Economy-have already created entrepreneurial opportunities, among them those linked to digitalization [Scheidgen et al, 2021;Liguori, Pittz, 2020]. Since the COVID-19 pandemic is still upon us and we observe that despite the vaccination efforts, new variants emerge and countries exit and enter lockdowns in an a-synchronized manner, we conclude that the world will carry on with a certain form of social distancing, making the move back to the old normal unlikely.…”

Section: Covid-19 As a Forcing Functionmentioning

confidence: 84%

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2021

Foresight and STI Governance

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Foresight and STI Governance is an international interdisciplinary peer-reviewed openaccess journal. It publishes original research articles, offering new theoretical insights and practice-oriented knowledge in important areas of strategic planning and the creation of science, technology, and innovation (STI) policy, and it examines possible and alternative futures in all human endeavors in order to make such insights available to the right person at the right time to ensure the right decision.The journal acts as a scientific forum, contributing to the interaction between researchers, policy makers, and other actors involved in innovation processes. It encompasses all facets of STI policy and the creation of technological, managerial, product, and social innovations. Foresight and STI Governance welcomes works from scholars based in all parts of the world. Topics covered include:• Foresight methodologies and best practices;• Long-term socioeconomic priorities for strategic planning and policy making;• Innovative strategies at the national, regional, sectoral, and corporate levels;• The development of National Innovation Systems;• The exploration of the innovation lifecycle from idea to market;• Technological trends, breakthroughs, and grand challenges;• Technological change and its implications for economy, policy-making, and society;• Corporate innovation management;• Human capital in STI; and many others.The target audience of the journal comprises research scholars, university professors, postgraduates, policy-makers, business people, the expert community, and others who are interested in S&T and innovation analyses, foresight studies, and policy issues. The journal is included into the 1st quartile (Q1) of the Scopus

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Crises and entrepreneurial opportunities: Digital social innovation in response to physical distancing

Cited by 66 publications

References 26 publications

From Decision to Survival—Shifting the Paradigm in Entrepreneurship during the COVID-19 Pandemic

From Decision to Survival—Shifting the Paradigm in Entrepreneurship during the COVID-19 Pandemic

Finding Entrepreneurial Opportunities in Times of Crisis: Evidence from Tunisia

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