Act or Wait-and-See? Adversity, Agility, and Entrepreneur Wellbeing across Countries during the COVID-19 Pandemic

Stephan, Ute; Zbierowski, Przemysław; Pérez‐Luño, Ana; Wach, Dominika; Wiklund, Johan; Cabañas, Marisleidy Alba; Barki, Edgard; Benzari, Alexandre; Bernhard‐Oettel, Claudia; Boekhorst, Janet A.; Dash, Arobindu; Efendić, Adnan; Eib, Constanze; Hanard, Pierre-Jean; Iakovleva, Tatiana; Kawakatsu, Satoshi; Khalid, Saddam; Leatherbee, Michael; Li, Jun; Parker, Sharon K.; Qu, Jingjing; Rosati, Francesco; Sahasranamam, Sreevas; Salusse, Marcus Alexandre Yshikawa; Sekiguchi, Tomoki; Thomas, Nicola Anne; Torrès, Olivier; Tran, Mi Hoang; Ward, M.K.; Williamson, Amanda Jasmine; Zahid, Muhammad Mohsin

doi:10.1177/10422587221104820

Cited by 42 publications

(41 citation statements)

References 135 publications

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“…In addition to the business-related pressures, entrepreneurs were also exposed to a high risk of burnout ( Torrès et al, 2022 ) and increased levels of stress ( Backman et al, 2021 ; Patel and Rietveld, 2020 ). The type and level of agility entrepreneurs adopt to respond to adversity affect their well-being in different ways ( Stephan et al, 2022 ).…”

Section: Introductionmentioning

confidence: 99%

How digitalization reinvented entrepreneurial resilience during COVID-19

Santos

Liguori

Garvey

2023

Technological Forecasting and Social Change

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Section: Introductionmentioning

confidence: 99%

How digitalization reinvented entrepreneurial resilience during COVID-19

Santos

Liguori

Garvey

2023

Technological Forecasting and Social Change

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“…Key lessons can be identified in corporate history, e.g., Ryanair's recession survival in 2008/2009 (Curran, 2010). The ability to recognize opportunities in times of crisis can be called opportunity agility (Stephan et al, 2022), and is based on four metrics, which are costs, time, robustness, and scope (Yauch, 2011).…”

Section: Third Er Principle: Turn Adversity Into Opportunitymentioning

confidence: 99%

New model for making resilient decisions in an uncertain context: The rational resilience-based decision-making model (R2DM)

Said

Bouloiz

Gallab

2023

Decis. Mak. Appl. Manag. Eng.

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The present paper came into existence with the specific purpose of providing an optimized process that enables making resilient decisions in an uncertain context, and here our interest is particularly focused on the activity of new venture creation and on the entrepreneurial decision-making logic, in particular, effectuation theory. Within this framework, the rational resilience-based decision-making model (R2DM) is introduced. The relevant steps of this model are: (1) The identification of the problem and the available options. In this instance, the studied situation is the effectual customer co-creation case, and the available alternatives are planning, visionary, adaptative and transforming approaches, (2) The definition of the selection criteria that should be used to evaluate the available alternatives. In our case, these criteria are the six principles of entrepreneurial resilience, which are set out in detail, (3) The choice of the methodology to be followed in assessing the available options. To that end, three interconnected methods, based mainly on logical thinking and reasoning, are proposed. They are respectively devoted to Entrepreneurial resilience (ER) calculation, options classification using logistic regression algorithm, and the determination of the most resilient route to reach objectives employing graph theory. The obtained results are compared to what is advocated in the literature and conclusions are made.

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“…The pandemic and the subsequent restrictions applied by governments have put businesses under severe strain across the world [ 4 ]. Because the self-employed are more vulnerable with limited in-house resources compared to large businesses, it can be assumed that they have been more negatively affected by the pandemic [ 5 , 6 ]. Studies during the first phase of the pandemic showed that European self-employed people reported a significantly worse household financial situation and higher job insecurity than organizational employees [ 7 ].…”

Section: Introductionmentioning

confidence: 99%

“…Concerning health-related outcomes, studies have shown mixed and inconclusive results [ 6 ]. Many studies have shown that self-employed people are healthier, happier, and more satisfied with their job than employees [ 15 , 18 , 19 ].…”

Section: Introductionmentioning

confidence: 99%

Life Satisfaction among Self-Employed People in Different Welfare Regimes during the COVID-19 Pandemic: Significance of Household Finances and Concerns about Work

Nordenmark

Landstad

Tjulin

et al. 2023

IJERPH

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Most studies have shown that self-employed people have higher levels of life satisfaction than employed people due to high levels of job satisfaction, work flexibility, and job control. However, during the COVID-19 pandemic, many self-employed people experienced economic strain and worried about the situation of their employees and survival of the company. The aim of this study was to examine the level of life satisfaction among self-employed people during the COVID-19 pandemic in different welfare regimes. Analyses were mainly based on Eurofound’s “Living, Working and COVID-19” online survey. Fieldwork took place between April and June 2020 in 27 EU countries. The results showed that there was a significantly lower level of life satisfaction among self-employed people than employed people during the pandemic. This was in contrast to analyses from approximately one year before the pandemic, which showed that life satisfaction was higher among self-employed people. The main reasons for this lower level of life satisfaction among the self-employed during the pandemic were worse household financial situation and more worries about their job. Analyses of life satisfaction among the self-employed in different welfare regimes indicated that self-employed people in the Nordic welfare state regime largely kept their relatively high level of life satisfaction during the pandemic, but this was not the case for self-employed people in other welfare regimes.

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Act or Wait-and-See? Adversity, Agility, and Entrepreneur Wellbeing across Countries during the COVID-19 Pandemic

Cited by 42 publications

References 135 publications

How digitalization reinvented entrepreneurial resilience during COVID-19

How digitalization reinvented entrepreneurial resilience during COVID-19

New model for making resilient decisions in an uncertain context: The rational resilience-based decision-making model (R2DM)

Life Satisfaction among Self-Employed People in Different Welfare Regimes during the COVID-19 Pandemic: Significance of Household Finances and Concerns about Work

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