Managing the COVID-19 Crisis. A Case Study of Entrepreneurship and Social Responsibility in Swedish SMEs

Tesfaye, Besrat; Lundström, Anders

doi:10.1007/978-3-030-73847-1_6

Cited by 2 publications

(2 citation statements)

References 47 publications

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“…Sick leave was often prolonged, and sick leave for long-COVID was relatively common [53]. In addition to this vast impact on public health, the COVID-19 pandemic has had a profound negative effect on economies, including decreased GDP for 2020 [54], businesses [55] and unemployment [56].…”

Section: Discussionmentioning

confidence: 99%

Socio-cultural Correlates of the COVID-19 Outcomes

Lajunen

Gaygısız

2022

J Epidemiol Glob Health

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While basically all countries have been hit by the COVID-19 pandemic, the impact has varied in large degrees among countries. In the present study, national differences in six COVID-19 indicators (COVID-19 deaths per capita, excess mortality, change in GDP per capita, vaccination rate, stringency index, and overall impact of the pandemic) were studied in relation to socio-economic and Hofstede's cultural dimensions by using the latest data available. The results differed to some degree from the studies conducted in the earlier stage of the pandemic. COVID-19 deaths per capita were predicted by Uncertainty Avoidance (UA) and Indulgence (IVR); excess mortality by UA; the impact of pandemics by Power Distance (PDI), Long-term Orientation (LTOWS) and IVR; change in GDP per capita by PDI; vaccination rate by Individualism and UA; and Stringency Index by LTOWS. In addition to further clarifying the role of cultural dimensions in the pandemic, three conclusions can be drawn. First, the pandemic reached different countries at different times, which is reflected in the results. The conclusion about the role of socio-economic and cultural factors can be drawn only after the pandemic. Second, cultural dimensions were related to COVID-19 measures only when socio-economic indicators were not considered but lost their significance when socio-economic variables were entered into the models. Cultural dimensions influence the outcome variables via socio-economic factors. Third, earlier studies have focused mainly on COVID-19 deaths. The impact of the COVID-19 pandemic is a complex phenomenon and cannot be reduced to the death rate.

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Section: Discussionmentioning

confidence: 99%

Socio-cultural Correlates of the COVID-19 Outcomes

Lajunen

Gaygısız

2022

J Epidemiol Glob Health

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“…However, given the importance of SMEs in economic growth, it is becoming increasingly impossible to disregard the latter in socially important issues or concerns (Larr an Jorge et al, 2016). Interestingly, the pandemic has compelled SMEs to develop a strategic competitiveness landscape to survive the crisis and protect stakeholders such as employees, owners, communities, suppliers and customers in terms of social obligations (Islam et al, 2021b;Mahmud et al, 2021;Tesfaye and Lundstr€ om, 2021).…”

Section: Introductionmentioning

confidence: 99%

Can small and medium businesses endure the COVID-19 crisis through strategic philanthropy?

Islam

Wahab

Latiff

2022

MANM

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PurposeSmall and medium-sized firms (SMEs) are typically reported to have a limited interest in broader societal concerns across the world. As a result, the purpose of this study is to develop a model of SME’s strategic philanthropic performance in light of the societal reactions to the COVID-19 issue, particularly in terms of the intervention of corporate spirituality and the solid regulatory motive behind these.Design/methodology/approachA systematic mixed review analysis has been executed to analyze the strategic philanthropic performance configuration triggered by the recent COVID-19 crisis, in which over 369 publications are read and reviewed by the authors. It has also established the reliability and validity of literature analysis. Also besides, a short form of qualitative investigation has been used to support the direction of the study.FindingsThrough regulatory adjustments, the study's findings effectively developed a strategic philanthropic performance configuration for SMEs. In this case, the strategic philanthropic convergence of corporate giving, corporate volunteering, corporate foundation and food bank has the potential to help SMEs thrive in the long run. The study also discovers that corporate spirituality might potentially mediate between appropriate regulations and strategic philanthropic performance of SMEs in the context of a supportive external environment.Research limitations/implicationsPrior empirical attempts are subsequently required to inquiry about the proposed conceptualization from different perspectives.Practical implicationsThe decision-makers of SMEs, with the efficient implementation of the proposed outline, will use the understanding given for their required actions to develop the competitive advantage in terms of social concerns. On this note, the outcomes of the study can also enhance business differentiation and competitiveness. It can also serve as a strategic guideline for firms to develop organizational values for long-term survival.Social implicationsIn the COVID-19 reality, SMEs will contribute to the concerns through philanthropy activities that are better suited for both enhanced social good and greater corporate advantages. The idea can also serve as a basis for SMEs to accomplish the Sustainable Development Goals (SDGs).Originality/valueTo the best of the authors' knowledge, this is the first research that conceptualizes the influence of government regulation on the strategic philanthropic performance of SMEs while taking corporate spirituality into account in order to survive the COVID-19 crisis.

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Managing the COVID-19 Crisis. A Case Study of Entrepreneurship and Social Responsibility in Swedish SMEs

Cited by 2 publications

References 47 publications

Socio-cultural Correlates of the COVID-19 Outcomes

Socio-cultural Correlates of the COVID-19 Outcomes

Can small and medium businesses endure the COVID-19 crisis through strategic philanthropy?

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