Entrepreneurial Interventions for crisis management: Lessons from the Covid-19 Pandemic's impact on entrepreneurial ventures

Krishnan, S.; Ganesh, L.S.; Rajendran, Chandrasekharan

doi:10.1016/j.ijdrr.2022.102830

Cited by 33 publications

(30 citation statements)

References 164 publications

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“…The same fact was also found by Han et al (2022), Ren et al (2022), Yost et al (2021), Asiaei & Jusoh (2017), and Krishnan et al (2022). The control and closure of tourist destinations directly impact the businesses that develop in the vicinity, especially MSMEs.…”

Section: Introductionsupporting

confidence: 63%

Innovation model for MSMEs recovery business strategy: Lessons from tourism area during the COVID-19 pandemic

Fitriaty

Elliyana

Widiastuti

2022

JES

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This study aims to analyze the performance of MSMEs in tourist areas in Jambi Province by integrating innovation models and recovery strategies during the COVID-19 pandemic. The research was conducted in several main tourist areas in Jambi Province. The population in this study were all MSME entrepreneurs in the selected tourist area, with a sample of 151 entrepreneurs. The data is sourced from interviews (questionnaire-based) with MSME entrepreneurs and in-depth interviews with MSME entrepreneurs, the Jambi Provincial Tourism Office, and the Jambi Province Industry and Trade Office. The data were analyzed with the SEM-PLS analysis tool. The analysis found that competitive strategy and innovation positively affected the productivity of MSMEs. Likewise, productivity has a positive effect on the performance of MSMEs. Furthermore, there are three main strategies to recover the MSME business: digitizing business, controlling and assessing supply chains, and utilizing business assistance from the government.

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Section: Introductionsupporting

confidence: 63%

Innovation model for MSMEs recovery business strategy: Lessons from tourism area during the COVID-19 pandemic

Fitriaty

Elliyana

Widiastuti

2022

JES

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“…MPXV like COVID-19 pandemic is a health, political and socioeconomic crisis that will have serious consequences in society if not controlled promptly [ 46 ]. Although most countries around the world, are still fighting the COVID-19 pandemic, they should not neglect the risk of MPXV.…”

Section: Resultsmentioning

confidence: 99%

A review on insights and lessons from COVID-19 to the prevent of monkeypox pandemic

Hemati

Farhadkhani²,

Sanami³

et al. 2022

Travel Medicine and Infectious Disease

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“…Some research argue that entrepreneurs own and operate their interactions (i.e., Hopp &Martin, 2017;Larsson & Thulin, 2019;Jovanovic, 2019). Most studies on crisis management focus on managing firms throughout an epidemic (e.g., Krishnan et al, 2022;Miguel et al, 2022), natural disasters (e.g., Hamani & Boudjema, 2013), and economic and financial crises (Pham, 2022) therefore, there is still a lack of research on the impact of new and emerging crises on micro-enterprises. It is postulated that micro-enterprises in less developed areas are exposed to more significant challenges than larger enterprises or urban areas, especially during a crisis (Fabeil et al, 2020).…”

Section: Multidimensionality Of Entrepreneurshipmentioning

confidence: 99%

Entrepreneurship and SMEs under COVID-19 crisis: A literature review

Zadeh

2022

IER

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The article aims to summarize the impact of the COVID-19 crisis on SMEs, considering both its positive and negative effects. Also, the study seeks to summarize the response approaches usable for SMEs to face a crisis. Research Design & Methods:This article uses a critical literature review to summarize the international literature developed on the COVID-19 crisis topic. It considers scientific papers published from 2017 to February 2022 with a focus on specific keywords, English language, from the open access sources on (i) Emerald, (ii) JSTOR, (iii) ScienceDirect, and (iv) Springer, (v) IER, and (vi) EBER. Findings: The paper sheds light on how the uncertainty caused by the COVID-19 crisis can impact SMEs. The paper tries to summarize the literature on how SMEs can reverse the uncertainty caused by a crisis and benefit from it. Also, the paper reviews the fact that some SMEs cannot cope quickly enough with the changes in the environment and forcibly shut down their business. The most damaging impact of the COVID-19 crisis is also reviewed in this paper which is the business closure due to lack of resources or disconnection of SMEs from their partners. Implications & Recommendations:This study provides an overview of the positive and negative effects that the COVID-19 crisis had on SMEs. Three approaches were reviewed, uncertainty, resilience, and opportunity, which the decision-makers can use to plan their strategies more effectively and face impending crises more efficiently. This paper also introduces gaps such as the lack of evidence of how COVID-19 affects the entrepreneurship phenomena, which is worth being studied. Contribution & Value Added:This study summarizes the three approaches mentioned in various research papers that SMEs can take during crises and presents gaps worth researching. While many other studies study entrepreneurship at macro levels, the approach in this study is unique as it considers a particular piece of entrepreneurship area and looks at it in terms of small and medium-sized enterprises, describes why COVID-19 is a crisis to the business environment and contributes to the literature to explain how entrepreneurship and SMEs are influenced by COVID-19 situation. I summarized some of the issues SMEs face during a crisis and mentioned the approaches to be taken by business owners during such times using articles conducted in the last five years.

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Entrepreneurial Interventions for crisis management: Lessons from the Covid-19 Pandemic's impact on entrepreneurial ventures

Cited by 33 publications

References 164 publications

Innovation model for MSMEs recovery business strategy: Lessons from tourism area during the COVID-19 pandemic

Innovation model for MSMEs recovery business strategy: Lessons from tourism area during the COVID-19 pandemic

A review on insights and lessons from COVID-19 to the prevent of monkeypox pandemic

Entrepreneurship and SMEs under COVID-19 crisis: A literature review

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