Surviving Covid-19 and Beyond: A Conceptual Framework for Smes in Crisis

Kahveci, Eyüp

doi:10.3846/btp.2021.13020

Cited by 11 publications

(21 citation statements)

References 37 publications

(91 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Unless firms are seen to innovate, a good majority of firms were seen to permanently close operations (De Carvalho et al. , 2016; Kahveci, 2021).…”

Section: Theoretical Overviewmentioning

confidence: 99%

“…However, despite their agility and ability to make quick decisions (Iborra et al, 2020), their limited business reserves due to debt aversion threaten survivability of long-term suspension of operations. Unless firms are seen to innovate, a good majority of firms were seen to permanently close operations (De Carvalho et al, 2016;Kahveci, 2021).…”

Section: Businesses In Thi During Covid-19mentioning

confidence: 99%

“…Micro, small and medium-sized enterprises (MSMEs) that dominate the THI are more affected due to their limited resources that are insufficient to withstand long-term suspension of operations (Dayour et al. , 2020; Kahveci, 2021). Unlike temporary depression of revenues due to seasonality, the interruption of operations beyond projected non-peak season was a situation most enterprises were not prepared for.…”

Section: Introductionmentioning

confidence: 99%

“…Some research suggested differences in firm behavior based on asset size (e.g. Banky and Ismail, 2015; Kahveci, 2021) and firm ownership (e.g. Schmalz, 2021).…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Coping mechanisms of Philippine tourism and hospitality family businesses during the COVID-19 pandemic: a non-parametric approach

Santiago

Roxas

Rivera

et al. 2021

JFBM

View full text Add to dashboard Cite

PurposeFamily businesses (FB), mostly small-sized, dominate the tourism and hospitality industry (THI), especially in the rural areas. While many would have been used to the impact of demand seasonality, it is unknown how these businesses would have survived through the restrictions imposed to contain the coronavirus disease 2019 (COVID-19) pandemic as compared to non-family business (NFB) counterparts. This study aims to determine if there were differences on how family and non-family enterprises in the THI coped with government restrictions.Design/methodology/approachBy subjecting the survey data from tourism enterprises to non-parametric techniques, the authors establish empirical evidence on similarities and differences of coping strategies adopted by FBs and NFBs; their required support from government and their perceptions of a post-pandemic THI.FindingsThe analysis revealed that family-owned tourism and hospitality businesses in the Philippines tended to collaborate with other businesses to manage the impact of the pandemic restrictions. Since they hired more seasonal workers prior to the restrictions, they tended to avoid hiring workers during the restricted period. NFBs, on the other hand, that were generally larger in size and more professionally managed with more regular employees, tended to streamline operations for greater efficiency.Research limitations/implicationsThe study relied on survey results distributed and collected online. There is an innate bias against those firms that did not have access to the survey links.Practical implicationsThe comparative study suggests that interventions to assist firms in the THI should consider the differences in firm ownership as “one size does not fit all.”Social implicationsThe study provides evidence about how environmental factors impact the operations of family firms. Thus, it provides valuable insights for both the academic community and industry practitioners.Originality/valueThis is the first study in the Philippines that was able to capture response of family and non-family firms in the THI during the COVID-19 lockdown.

show abstract

“…Unless firms are seen to innovate, a good majority of firms were seen to permanently close operations (De Carvalho et al. , 2016; Kahveci, 2021).…”

Section: Theoretical Overviewmentioning

confidence: 99%

Section: Businesses In Thi During Covid-19mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…Some research suggested differences in firm behavior based on asset size (e.g. Banky and Ismail, 2015; Kahveci, 2021) and firm ownership (e.g. Schmalz, 2021).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Coping mechanisms of Philippine tourism and hospitality family businesses during the COVID-19 pandemic: a non-parametric approach

Santiago

Roxas

Rivera

et al. 2021

JFBM

View full text Add to dashboard Cite

show abstract

“…This is very important to be in the spotlight because the tourism sector has an important role for the Indonesian economy and involves a lot of workers involved in it [3]. Tourism workers immediately cannot do much to anticipate the improvement in the economy due to the surge in positive cases of the Covid-19 virus [4].…”

Section: Introductionmentioning

confidence: 99%

Surviving Strategy of Tourism Sector Workers in Bandung During the Covid-19 Pandemic

Koswara

Kusumah

2022

J HUM SOC STUD

View full text Add to dashboard Cite

The Covid-19 pandemic has had an impact on social and economic life, especially in Indonesia. In the city of Bandung itself, this impact is felt for workers in the tourism sector such as travel business owners, tour leaders, tour guides and tourism bus drivers. The writing of this research was carried out with the aim of knowing the negative impacts felt by tourism sector workers in the city of Bandung during the Covid-19 pandemic. In this study, the authors used a direct interview method using a semi-structured interview guide instrument, with the direction of the interview aimed at: 1) Knowing the impact of the Covid-19 Pandemic felt by tourism workers. 2) Knowing the survival strategies carried out by tourism workers during the Covid-19 Pandemic. From the two subtitles, it can be seen that the direct impact of the Covid-19 pandemic on tourism business actors in the city of Bandung is seen from the income aspect. Most tourism workers in Bandung City have lost their livelihoods during the Covid-19 pandemic. So that requires tourism business actors to change professions in order to survive, such as: a) Selling used cars. b) Selling designs online. c) Selling catering. d) Changing the vehicle business unit from tourism buses to inter-island buses. e) Become a private driver or online. f) Selling used clothes online. g) Selling juice and hydroponic vegetable cultivation. h) Opening employment opportunities for other affected tourism business actors in the form of local courier applications in the city of Bandung. i) Selling frozen food.

show abstract

The role of flexibility, digitalization, and crisis response strategy for SMEs: Case of COVID-19

Kahveci,

Avunduk,

Daim

et al. 2024

Journal of Small Business Management

View full text Add to dashboard Cite

Surviving Covid-19 and Beyond: A Conceptual Framework for Smes in Crisis

Cited by 11 publications

References 37 publications

Coping mechanisms of Philippine tourism and hospitality family businesses during the COVID-19 pandemic: a non-parametric approach

Coping mechanisms of Philippine tourism and hospitality family businesses during the COVID-19 pandemic: a non-parametric approach

Surviving Strategy of Tourism Sector Workers in Bandung During the Covid-19 Pandemic

The role of flexibility, digitalization, and crisis response strategy for SMEs: Case of COVID-19

Contact Info

Product

Resources

About