Ghanaian SMEs Amidst the COVID-19 Pandemic: Evaluating the Influence of Entrepreneurial Orientation

Li, Zhiwen; Anaba, Oswin Aganda; Ma, Zhiqiang; Li, Mingxing

doi:10.3390/su13031131

Cited by 28 publications

(40 citation statements)

References 123 publications

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“…The pandemic can only kindle innovation: organisations do not grow weaker searching for innovation to boost effectiveness and optimisation, often technology-based, but embark on the search for business model innovations with new energy to grow agile and resilient to the competitors [85,86], but most of all, to survive. The analyses demonstrated that innovation is the potion of survival [24][25][26][27][28]30,34], so modern business models should be based on them. Again, product, process, organisational, marketing [31][32][33] and management [34][35][36]87] innovations should be the primary focus.…”

Section: Discussionmentioning

confidence: 99%

“…Stimulated by the COVID-19 crisis, enterprises find new ways to survive and grow. This is particularly apparent in small and medium enterprises [24] that turned out to be susceptible to tremor and founded their survival strategies on entrepreneurship [25,26] and innovation [27,28]. Perceiving chaos as an opportunity [29], businesses employed creativity, innovation, and entrepreneurial spirit to solve problems and grasp opportunities in a changed environment [30].…”

Section: Business Reaction To the Covid-19 Crisismentioning

confidence: 99%

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COVID-19: Business Innovation Challenges

Gorzelany-Dziadkowiec

2021

Sustainability

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The goal of this paper was to investigate how the COVID-19 pandemic has affected the readiness and ability to innovate in business. The paper’s objective and research questions were pursued with a traditional literature review and an original diagnostic survey using an original questionnaire with a respondent data section and close-ended questions. Responses were collected using the CAWI technique. The primary conclusion was that businesses disturbed by the COVID-19 pandemic were more able to innovate in terms of products and management than those that remained unaffected. Regarding theoretical implications, the author proposed a business model for enterprises operating in the COVID-19 environment. The implications of the model are the practical results of the research.

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Section: Discussionmentioning

confidence: 99%

Section: Business Reaction To the Covid-19 Crisismentioning

confidence: 99%

COVID-19: Business Innovation Challenges

Gorzelany-Dziadkowiec

2021

Sustainability

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“…The consequences of the epidemic on firms are not generally limited to lowering pay, overtime without motivation to be more efficient, delay in emolument or otherwise, etc. Due to COVID-19 and the downswing of existing businesses and firms, many companies in developing and developed countries worldwide have an optimum effect [56,57]. A large number of employees lost their jobs, while others found their pay reduced.…”

Section: Literature Surveymentioning

confidence: 99%

Innovative Finance, Technological Adaptation and SMEs Sustainability: The Mediating Role of Government Support during COVID-19 Pandemic

et al. 2021

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Small and medium enterprises (SMEs) survival is critical for economic sustainability due to the multifaceted role of the economy. Thus, halting SMEs operation hurts the aggregate economy. During the present pandemic, SMEs’ sustainability in Bangladesh is under-challenged because of limited market demand, supply constraints, financial incapacity, and capital restrictions. However, with the concerted effort from firms and the government, SME’s have been trying to reestablish from the unforeseen consequence by capitalizing on innovation, skills, and economic resources. The motivation of the study is to gauge the impact of innovative finance, technological adaptation, and the government’s role on SMEs’ sustainability during the COVID-19 pandemic in Bangladesh. As a study sample, 2000 SMEs were considered for data collection through a structured questionnaire from 10 December 2020, to 28 January 2021. A sample of 1895 SMEs was returned with their responses. However, after a careful data cleaning procedure, only a sample of 1395 (69.75%) responses was found suitable for study. The study applied structural equation modelling to explore causal effects and test the proposed hypothesis for the hypnotized model, i.e., more precisely, to explore the direct effects of technology adaptation and innovative finance and indirect effects through government support on SMEs. Study findings revealed that SMEs’ sustainability positively accelerates by applying innovative finance and integration of technological adaptation. In contrast, the mediating role of government was also established with indirect assessment. Study findings suggest that policy formulation and implementation must be initiated, focusing on effective online financial services, settling business transactions, and integrating IT advancements in operation.

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“…In the Australian context, the role of entrepreneurial initiatives is as a catalyst to growth. A study in the Ghanaian SME food processing industry conducted by Li et al [76] reported that entrepreneurial orientation affects enterprise performance during the COVID-19 pandemic. Enterprise performance leads to the business survival of SMEs in the Ghanaian food processing industry.…”

Section: Discussion and Contributionsmentioning

confidence: 99%

Business Survival of Small and Medium-Sized Restaurants through a Crisis: The Role of Government Support and Innovation

2021

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This study aimed to investigate the effects of government support for the business survival of SME restaurants in Indonesia. In this study, we analyzed the impact of government support on the innovation of SME restaurants as well as the impact of entrepreneurial self-efficacy on innovation. Furthermore, this study analyzed the impact of entrepreneurial self-efficacy and innovation on business survival. A total of 120 owners or managers of SME restaurants participated in this study. The sample was collected based on a purposive method. To analyze the relationship among latent variables, we implemented structural equation modeling (SEM). The results show that government support has a positive impact on business survival through marketing and process innovation. In addition, the business survival of SMEs is affected by marketing innovation, process innovation, and entrepreneurial self-efficacy. In this study, the entrepreneurial factor had the highest impact on SMEs’ survival. This study established the body of knowledge related to the positive effect of government support on innovation in the perspective of small and medium-sized restaurants in the emerging market countries and developed a model of business survival of SMEs during pandemic crises by integrating external factors (government support) and an internal factor (entrepreneurial self-efficacy) through marketing and process innovation in the food processing industry.

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Ghanaian SMEs Amidst the COVID-19 Pandemic: Evaluating the Influence of Entrepreneurial Orientation

Cited by 28 publications

References 123 publications

COVID-19: Business Innovation Challenges

COVID-19: Business Innovation Challenges

Innovative Finance, Technological Adaptation and SMEs Sustainability: The Mediating Role of Government Support during COVID-19 Pandemic

Business Survival of Small and Medium-Sized Restaurants through a Crisis: The Role of Government Support and Innovation

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