Amid the COVID-19 pandemic, small businesses are especially vulnerable. This is one of the first books that explicitly examines the linkage between crisis and entrepreneurship with a specific focus on small businesses. The book adopts a holistic approach and outlines strategies that small business owners can utilize as well as business opportunities that are available in these new market conditions. It also provides a comparative analysis of the current and future market conditions to enable a better understanding of how institutional structures can facilitate or hinder growth. The book also goes on to explain why and how creativity and innovation can help to mitigate the impact of such a crisis on business and highlights why business continuity is especially crucial to family-owned businesses. This timely publication will help to guide small business owners and entrepreneurs to maintain business continuity and build up their resilience in a challenging business climate.
2020 introduced a global pandemic that led to global economic, social, and regional lockdowns affecting public life in ways never been imagined before. This book takes a look at how researchers from fields encompassing economics and political science, along with thought leaders in business and economic policy, experienced the crises themselves as experts in their field, as well as from a personal viewpoint. Most importantly, however, it looks into the future how entrepreneurship and economic policies may change and positively influence the societies and the economy after the pandemic. Keeping in mind that, with climate change and the digital revolution, change was already around the corner and inevitable, renowned economic and policy experts are asked for their assessment of future roads and feasible economic policies. The book follows the chronology of the pandemic and focuses on leading researchers and thought leaders in public policy and business. An introduction to each chapter describes the context particular to the contributing author when the pandemic struck and their own reactions, experiences, and insights triggered by the emerging pandemic.
Amid the COVID-19 pandemic, small businesses are especially vulnerable. This is one of the first books that explicitly examines the linkage between crisis and entrepreneurship with specific focus on small businesses. The book adopts a holistic approach and outlines strategies which small business owners can utilize and, as well as, business opportunities that are available in these new market conditions. It also provides a comparative analysis of the current and future market conditions to enable a better understanding of how institutional structures can facilitate or hinder growth. The book also goes on to explain why and how creativity and innovation can help to mitigate the impact of such crisis on business and highlights why business continuity is especially crucial to family owned businesses. This timely publication will help to guide small business owners and entrepreneurs to maintain business continuity and build up their resilience in challenging business climate.
This book examines the impact of the continuing COVID-19 crisis on consumers and businesses. With stay-at-home orders and social distancing measures mandated by governments worldwide, businesses have made significant adjustments to adapt to the sudden changes caused by the pandemic. The book aims to understand what settling and thriving in the "new normal" have meant for businesses around the world. This book is divided into sections on production, consumption, and entrepreneurship and explores how consumer psychology has changed while also evaluating new digital business opportunities afforded by the pandemic. By bringing together psychology and marketing scholars, this interdisciplinary book will inform research on how businesses adapt to crises. Elena Gallitto is a post-doctoral research fellow at the University of Ottawa, Canada. Her research interests lie in the area of developmental, social and personality psychology. Marta Massi is Assistant Professor at Trent University, Canada. She has been Assistant Professor at the Catholic University of the Sacred Heart, Italy, and Lecturer at McGill University. Her research focuses on consumer behaviour, branding and certification. Paul Harrison is Senior Lecturer and Deputy Director of the MBA program in the Deakin Business School, Deakin University, Australia. His research is focused on behaviour change and policy, predominantly in the fields of public health and consumer protection.
Entrepreneurship, Innovation, and Crisis aims to address the conditions for the operations of SMEs during the time of the COVID-19 pandemic as well as the governmental support for entrepreneurs in such industries as tourism, manufacturing, recycling, education, and printing as well as the creative industry.
We theoretically and empirically examine how acquiring new skills and increased financial worries influenced entrepreneurship entry and exit intentions during the pandemic. To that end, we analyze primary survey data we collected in the aftermath of the COVID-19's first wave in Russia, which has had one of the highest COVID-19 infection rates globally. Our results show that acquiring new skills during the pandemic helps maintain an existing business and encourages start-ups in sectors other than information technology (IT). For IT start-ups, having previous experience matters more than new skills. While the pandemic-driven financial worries are associated with business closure intentions, they also inspire new business start-ups, highlighting the creative destruction power of the pandemic. Furthermore, preferences for formal employment and remote work also matter for entrepreneurial intentions. Our findings enhance the understanding of entrepreneurship formation and closure in a time of adversity and suggest that implementing entrepreneurship training and upskilling policies during the pandemic can be an important policy tool for innovative small business development.
This book illustrates how social entrepreneurship can be used as a tool for addressing grand challenges. Combining leading theoretical insights with rigorous empirical methodologies, the book is the result of field work with 17 social entrepreneurs in the Netherlands and the United Kingdom at various points during the COVID-19 pandemic. Adopting a highly innovative theoretical synthesis to discuss the role of social entrepreneurs as potential agents for positive social change, the book introduces the sociomateriality of space, Luhmann’s systems theory, and the social imaginary as missing building blocks in which disruption is created and navigated for creating positive social change. Concluding with a chapter that focuses on the practicalities of meeting the Sustainable Development Goals, the authors extend scholarship in social entrepreneurship and provide a comprehensive account of insights gained from the pandemic, demonstrating how these insights can enable the navigation of further grand challenges.
For many years, entrepreneurship has been considered as one of the most important solutions to the three-pronged challenges, poverty, unemployment and inequality, of most African countries. A recent development that has undoubtedly compounded the challenges that African entrepreneurs face and further impede the economic growth impact is Covid-19. This pandemic has exerted severe damage to economies and businesses globally. For the African setting, the implications of Covid-19 on businesses and individuals would be enormous, as African societies are rarely equipped to absorb unexpected shocks of this magnitude as the social and welfare schemes are far below requirements. This book illuminates entrepreneurship in the African setting, focusing on the prospects, challenges, and the post-Covid-19 pandemic future. It aims to offer a rich repository of information on strategies and techniques for sustaining entrepreneurial activities that can enrich African nations and will be of relevance to academics, researchers, advanced students, entrepreneurs, governments, and government agencies who are interested in understanding issues relating to entrepreneurship development within the African continent.
This book presents ten essays that examine the potential of digital responses to the COVID-19 pandemic. The essays explore new digital concepts for learning and teaching, provide an overview of organizational responses to the crisis through digital technologies, and examine digital solutions developed to manage the crisis. Scientists from many disciplines work together in the fight against the virus and its numerous consequences. This book explores how information systems researchers can contribute to these global efforts. The book will be of interest to researchers and scholars in the field of digital business and education.
This book addresses how Covid-19 has damaged businesses and how businesses can adapt to the new normal. In doing so, the book contributes to theories associated with the marketing management, by assessing opportunities and challenges associated with the implementation of technology and marketing management during and post Covid-19. Although there is increasing research in consumer or business management acceptance of new technologies and digital marketing, the impact of these on marketing management during the Covid-19 are not adequately investigated, leading to overstated hypothetical predictions of its future potential. Chapters in the book therefore focus on new economic models such as sharing economy and business structures such as omnichannel, where advancements have enabled firms to build a one-on-one relationship with customers by collecting, storing, aggregating and analysing customer information across various touchpoints. Contributions in the book also focus on new technologies such as blockchain, automation solution, information technology management, and customer relationship management (CRM) in highlighting connections between these new technologies and marketing management. The book will be useful for anyone aiming to gain a better understanding of the current and future technologies that may play a role or have a robust impact on marketing management during Covid-19.
Entrepreneurship and Post-Pandemic Future illuminates entrepreneurship in the African setting, focusing on the prospects, challenges as well as the post-pandemic future and captures insights on the impact of Covid-19, the containment strategies that businesses are embracing to cope, and the post-pandemic future.
Entrepreneurial Rise in the Middle East and North Africa: The Influence of Quadruple Helix on Technological Innovation explores the relationships and inter-dependencies between innovation, political regimes, and economic and social development throughout the Middle East and North Africa region.