Management in times of crises: reflections on characteristics, avoiding pitfalls, and pathways out

Bouncken, Ricarda B.; Kraus, Sascha; Ancillo, Antonio de Lucas

doi:10.1007/s11846-022-00580-2

Cited by 37 publications

(15 citation statements)

References 48 publications

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“…The study conducts an integrative review for consolidation and critical evaluation of theoretical contributions and development of the subject in an integrated manner with a scientific, transparent, and reproducible approach to deepen our understanding of innovation for crisis management during COVID-19 ( Bouncken et al, 2022 ). We summarize the existing literature on the topic by using a bibliometric approach using R ( Aria & Cuccurullo, 2017 ).…”

Section: Introductionmentioning

confidence: 99%

The changing role of innovation for crisis management in times of COVID-19: An integrative literature review

Sharma

Kraus

Srivastava

et al. 2022

Journal of Innovation & Knowledge

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Section: Introductionmentioning

confidence: 99%

The changing role of innovation for crisis management in times of COVID-19: An integrative literature review

Sharma

Kraus

Srivastava

et al. 2022

Journal of Innovation & Knowledge

Self Cite

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“…Our findings make several practical contributions. First, they foreground the critical nature of entrepreneurs’ personal resources, which has become even more pronounced during the global health crisis induced by the COVID-19 pandemic (Sharma et al 2022 ) and the disruptions caused by the unprecedented effects of climate change and the Russian war in Ukraine (Bouncken et al 2022 ). These disruptions have presented challenges in all spheres of entrepreneurial functioning (Afshan et al 2021 ; Emami et al 2022 ) by altering approaches to entrepreneurial strategy making (Rapp 2022 ) and creating additional strain, making it difficult to maintain adequate levels of personal resources.…”

Section: Discussionmentioning

confidence: 99%

“I want it all”: exploring the relationship between entrepreneurs’ satisfaction with work–life balance, well-being, flow and firm growth

Drnovšek

Gomezel²,

Aleksić³

2023

Rev Manag Sci

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Drawing from the conservation of resources theory, we explore how two personal resources (satisfaction with work–life balance and experience of flow at work) contribute to two important outcomes in entrepreneurship: entrepreneurs’ subjective well-being and firm growth. Although previous research has emphasized the importance of personal factors for firm growth and explored a variety of factors affecting entrepreneurs’ subjective well-being, little attention has been paid to the role of satisfaction with work–life balance as a critical personal resource for entrepreneurs. With this study, we find that entrepreneurs’ satisfaction with work–life balance is positively associated with subjective well-being, which, in turn, mediates the relationship between satisfaction with work–life balance and firm growth. Our study also shows that experiencing flow at work accentuates the relationship between satisfaction with work–life balance and subjective well-being. Based on our findings, we offer implications for practicing entrepreneurs in terms of how to achieve higher levels of well-being and better firm growth. Specifically, we emphasize the benefits of achieving satisfaction with work–life balance, as this is important for an entrepreneur’s subjective well-being and has an indirect impact on firm growth. Stakeholders in entrepreneurial ecosystems should embrace subjective well-being as an important indicator of firm outcomes alongside traditional economic measures.

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“…That said, in February 2020, the unexpected happened (Bouncken et al 2022 ). Only a few companies had a business continuity plan in place that addressed the pandemic risk and its severe effects.…”

Section: Literature Reviewmentioning

confidence: 99%

The role of management control and integrated information systems for the resilience of SMEs

Roffia

Dabić

2023

Rev Manag Sci

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This paper investigates the resilience of small and medium-sized enterprises (SMEs) in relation to the COVID-19 pandemic, particularly the influence exerted by certain factors related to management control, integrated information systems (enterprise resource planning [ERP]), information and communication technology (ICT) systems, and financial resources. For this purpose, leveraging from the dynamic capability theory, in late spring 2020, a questionnaire was sent to limited-liability SMEs in Verona and Vicenza provinces in Italy operating in the manufacturing, construction, and distribution sectors. Respondents were asked to answer a set of questions and to evaluate the resilience of their firms as of January 1, 2020; May 1, 2020; and one year later, as of July 2021. Using a multivariate regression model to analyze data from the 143 questionnaires received, we found a positive influence of budgeting, business continuity tools, availability of supplementary financial resources, and resilience of the entrepreneur on both COVID-19 resilience and the organizational resilience of SMEs. SMEs with a high intention to use ERP systems also had high resilience levels. ICT use for smart working was not statistically significant. Despite the limitations concerning the sample and period considered, we believe that this study contributes to both academic debate, by illustrating the influence of certain managerial and organizational factors on the resilience of SMEs, and practice, by supporting a greater empirical use of management control tools, such as budgets and contingency plans, and integrated information systems (ERP). Our study supports the creation of financial buffers and strengthening the entrepreneur’s resilience for improving SME resilience.

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Management in times of crises: reflections on characteristics, avoiding pitfalls, and pathways out

Cited by 37 publications

References 48 publications

The changing role of innovation for crisis management in times of COVID-19: An integrative literature review

The changing role of innovation for crisis management in times of COVID-19: An integrative literature review

“I want it all”: exploring the relationship between entrepreneurs’ satisfaction with work–life balance, well-being, flow and firm growth

The role of management control and integrated information systems for the resilience of SMEs

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