Negotiating the Pandemic Like an Entrepreneur: Lessons from the Turbulent World of Start‐Up Ventures

Manwaring, Melissa; Weirup, Amanda Plummer; Balachandra, Lakshmi

doi:10.1111/nejo.12357

Cited by 4 publications

(2 citation statements)

References 20 publications

(23 reference statements)

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“…In a crisis situation, like the case of the current Covid-19 pandemic, rigidity in the working relationship is unhealthy because the adoption of strictly defined roles and stable rules does not leave much space in which to maneuver in order to effectively accommodate the arising problems (Olson, 2000). Indeed, acting on plans developed based on environmental analysis conducted before the pandemic was found dysfunctional, thus making it necessary to work on short-term plans and contracts (Manwaring et al, 2021). As such, rigidity is expected to weaken the positive effect of satisfaction on creativity in a crisis situation, because: (a) it is maladaptive to the fast-changing (and, sometimes, faster-than-anticipated) market conditions and therefore not compatible with the expectations of business partners (Harris et al, 1998;Staw et al, 1981); (b) it provides a mismatch between interacting parties' responses and environmental demands under a threatening situation, which is responsible for decreasing the attractiveness and value of the relationship (Fredericks, 2005); and (c) it leads to negative expectations about the future potential of the relationship, which may result in discounting ideas, input, and opinions and generating bitter feelings (Leonard-Barton, 1992).…”

Section: The Moderating Role Of Relational Distance and Rigidity Unde...mentioning

confidence: 99%

Being creative under the Covid-19 pandemic crisis: the role of effective inter-organizational relationship management

Leonidou

Aykol

Fotiadis

et al. 2022

IMR

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PurposeAnchored on the broaden-and-build theory and the circumplex model, the authors develop and test a conceptual model in which satisfaction, influenced by an effective handling of communication, cooperation, conflict, and opportunism, is set as the predictor of inter-partner creativity in the relationship between hotels and their foreign travel agents under the Covid-19 pandemic.Design/methodology/approachThe conceptual model was tested with data collected from 190 randomly selected hotel units located in Greece, using both online and drop-in questionnaire methods. Data were analyzed using SEM analysis.FindingsSatisfaction with the working relationship was found to be enhanced by improving communication and cooperation, as well as by keeping conflict and opportunism at low levels. This was a strong predictor of inter-partner creativity, although less pronounced under high levels of relational distance and rigidity.Research limitations/implicationsThe study should be extended to other country settings, replicated at different levels of crisis severity, and use dyadic data. Additional environmental factors could be used as boundary conditions, while our model could be expanded to include additional drivers and consequences of inter-partner creativity.Practical implicationsTo generate inter-partner creativity, there is a need to maintain high levels of satisfaction through proper communication, enhanced cooperation, conflict minimization, and avoidance of opportunistic actions. Also, to better translate satisfaction into inter-partner creativity, interacting parties should keep distance at low levels, while at the same time demonstrate greater flexibility.Originality/valueThe study unveils the role of effectively managing behavioral factors in inter-firm relationships to develop creative solutions to the Covid-19 crisis challenges, an issue neglected by prior research. The study also sheds light on the contingent effects of distance and rigidity, two important factors moderating relationships under crisis. The study applies for the first time two psychological-based theories, the broaden-and-build theory and the circumplex model, to an international marketing crisis situation.

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Section: The Moderating Role Of Relational Distance and Rigidity Unde...mentioning

confidence: 99%

Being creative under the Covid-19 pandemic crisis: the role of effective inter-organizational relationship management

Leonidou

Aykol

Fotiadis

et al. 2022

IMR

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“…In times of exogenous shocks, challenges encountered by start-ups are more dynamic than established corporations (Manwaring et al 2021). From the onset of the pandemic, the number of start-ups either succeeding or failing in these competitive times have been unprecedented, with many becoming unicorns, while many others have shut down.…”

Section: Introductionmentioning

confidence: 99%

Impact of Authentic-Servant Leadership on Trust and Employee Burnout in STEM Start-ups During Exogenous Shocks

S¹

2022

Proceedings of the International Conference on Industrial Engineering and Operations Management

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Servant and authentic leadership styles have been known to elicit positive outcomes in all organizational levels, but are they adequate for the challenges presented by the VUCA world? In today's business dynamics, it is exigent for Start-ups to adopt complex leadership traits to face the stiff competition. In this descriptive study, 586 employees working in STEM start-ups ranging from manufacturing, engineering and technology are chosen to understand the impact of authentic-servant leadership style on the employees' burnout while the trust in supervisor is studied in a mediating role. The cohesiveness of authentic and servant leadership constructs is tested using Canonical Correlation. The empirical evidence shows that authentic servant leaders in a start-up would help reduce employees' burnout experienced in their workplace. In times of uncertainty, when the leader is authentic while giving importance to the employees' psychological well-being, in his or her transactions with the employees, it would go a long way in boosting their morale. This study is one of the first to identify the effectiveness of combining these two leadership styles and it contributes to the annals of leadership research in studying the triage of factors namely employee burnout, trust in supervisor and authentic-servant leadership in a start-up climate. The author concludes by charting out a detailed future agenda for attuning authentic-servant leadership practices towards sustainability of start-ups.

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An analysis of the relationship between marital status and happiness in entrepreneurs of the industry 4.0 era, from the perspective of the age variable

Ripoll

Rodríguez

Ahumada‐Tello³

2022

2022 IEEE Technology and Engineering Management Conference (TEMSCON EUROPE)

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Negotiating the Pandemic Like an Entrepreneur: Lessons from the Turbulent World of Start‐Up Ventures

Cited by 4 publications

References 20 publications

Being creative under the Covid-19 pandemic crisis: the role of effective inter-organizational relationship management

Being creative under the Covid-19 pandemic crisis: the role of effective inter-organizational relationship management

Impact of Authentic-Servant Leadership on Trust and Employee Burnout in STEM Start-ups During Exogenous Shocks

An analysis of the relationship between marital status and happiness in entrepreneurs of the industry 4.0 era, from the perspective of the age variable

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