Women's Ventures Resilience and COVID-19 Crisis A Lesson to Success in Time of Crisis
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Published
Apr 17, 2022
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Abstract
We complement this research by addressing the question of how entrepreneurial ventures can resilient in the face of adversity in Times of Crisis. First, we conducted a comprehensive web search to find women's entrepreneurial ventures. Based on web search results, we conducted Online interviews with 190 women entrepreneurs that working in many types of ventures. Second, we surveyed innovative actions that help to women's entrepreneurial ventures resilience. Building on these insights, we identified a variety of innovative actions to help women's entrepreneurial ventures resilience in times of crisis. We suggest key insights on ventures resilience for entrepreneurship Policymakers.
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References
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[51] Yarovaya, L., Brzeszczynski, J., Goodell, J.W., Lucey, B.M., Lau, C.K., 2020. Rethinking Financial Contagion: Information Transmission Mechanism during the COVID-19 pandemic. Available at SSRN 3602973.
[52] Zahra, S.A., 2021. International entrepreneurship in the post Covid world. Journal of World Business 56(1), 101143.
[2] Bachmann, J.-T., Ohlies, I., Flatten, T., 2021. Effects of entrepreneurial marketing on new ventures' exploitative and exploratory innovation: The moderating role of competitive intensity and firm size. Industrial Marketing Management 92, 87-100.
[3] Blatt, R., 2009. Resilience in entrepreneurial teams: Developing the capacity to pull through. Frontiers of Entrepreneurship Research 29(11), 1.
[4] Brown, R., Rocha, A., 2020. Entrepreneurial uncertainty during the Covid-19 crisis: Mapping the temporal dynamics of entrepreneurial finance. Journal of Business Venturing Insights 14, e00174.
[5] Cai, L., Chen, B., Chen, J., Bruton, G.D., 2017. Dysfunctional competition & innovation strategy of new ventures as they mature. Journal of Business Research 78, 111-118.
[6] Corbin, J., Strauss, A., 2014. Basics of qualitative research: Techniques and procedures for developing grounded theory. Sage publications.
[7] Dahles, H., Susilowati, T.P., 2015. Business resilience in times of growth and crisis. Annals of Tourism Research 51, 34-50.
[8] Deligianni, I., Sapouna, P., Voudouris, I., Lioukas, S., 2020. An effectual approach to innovation for new ventures: The role of entrepreneur’s prior start-up experience. Journal of Small Business Management, 1-32.
[9] Erikson, T., 2002. Entrepreneurial capital: the emerging venture's most important asset and competitive advantage. Journal of business venturing 17(3), 275-290.
[10] Fatoki, O., 2018. The impact of entrepreneurial resilience on the success of small and medium enterprises in South Africa. Sustainability 10(7), 2527.
[11] Foss, N.J., 2020. Behavioral strategy and the COVID-19 disruption. Journal of Management 46(8), 1322-1329.
[12] Ganglmair-Wooliscroft, A., Wooliscroft, B., 2017. Ethical behaviour on holiday and at home: Combining behaviour in two contexts. Journal of Sustainable Tourism 25(4), 589-604.
[13] Ghosh, P.K., Ghosh, S.K., Chowdhury, S., 2018. Factors hindering women entrepreneurs’ access to institutional finance-an empirical study. Journal of Small Business & Entrepreneurship 30(4), 279-291.
[14] Giones, F., Brem, A., Pollack, J.M., Michaelis, T.L., Klyver, K., Brinckmann, J., 2020. Revising entrepreneurial action in response to exogenous shocks: Considering the COVID-19 pandemic. Journal of Business Venturing Insights 14, e00186.
[15] Grimes, M.G., 2018. The pivot: How founders respond to feedback through idea and identity work. Academy of Management Journal 61(5), 1692-1717.
[16] Haase, A., Eberl, P., 2019. The challenges of routinizing for building resilient startups. Journal of Small Business Management 57, 579-597.
[17] Han, E., Chiou, S.-T., McKee, M., Legido-Quigley, H., 2020. The resilience of Taiwan's health system to address the COVID-19 pandemic. EClinicalMedicine 24.
[18] Huang, S.-F., Huang, Y.-C., Chang, F.-Y., Lin, J.-C., Chiu, C.-H., Chen, C.-W., Wang, F.-D., Chiu, Y.-L., Cheng, S.-H., Cheng, C.-Y., 2020. Rapid establishment of a COVID-19 biobank in NHRI by National Biobank Consortium of Taiwan. Biomedical journal.
[19] Inversini, A., De Carlo, M., Masiero, L., 2020. The effects of customer-centricity in hospitality. International Journal of Hospitality Management 86, 102436.
[20] Jin, S.T., Kong, H., Wu, R., Sui, D.Z., 2018. Ridesourcing, the sharing economy, and the future of cities. Cities 76, 96-104.
[21] Ketchen Jr, D.J., Craighead, C.W., 2020. Research at the intersection of entrepreneurship, supply chain management, and strategic management: Opportunities highlighted by COVID-19. Journal of Management 46(8), 1330-1341.
[22] Kuckertz, A., Brändle, L., Gaudig, A., Hinderer, S., Reyes, C.A.M., Prochotta, A., Steinbrink, K.M., Berger, E.S., 2020. Startups in times of crisis–A rapid response to the COVID-19 pandemic. Journal of Business Venturing Insights 13, e00169.
[23] Lechner, C., Lorenzoni, G., Tundis, E., 2016. Vertical disintegration of production and the rise of market for brands. Journal of Business Venturing Insights 6, 1-6.
[24] Lee, J., Wang, J., 2017. Developing entrepreneurial resilience: Implications for human resource development. European Journal of Training and Development.
[25] Ligthelm, A., 2011. Survival analysis of small informal businesses in South Africa, 2007–2010. Eurasian Business Review 1(2), 160-179.
[26] Linneberg, M.S., Korsgaard, S., 2019. Coding qualitative data: A synthesis guiding the novice. Qualitative Research Journal.
[27] López-Torres, L., Johnes, J., Elliott, C., Polo, C., 2021. The effects of competition and collaboration on efficiency in the UK independent school sector. Economic Modelling 96, 40-53.
[28] Manolova, T.S., Brush, C.G., Edelman, L.F., Elam, A., 2020. Pivoting to stay the course: How women entrepreneurs take advantage of opportunities created by the COVID-19 pandemic. International Small Business Journal 38(6), 481-491.
[29] Muñoz, P., Naudé, W., Williams, N., Williams, T., Frías, R., 2020. Reorienting entrepreneurial support infrastructure to tackle a social crisis: A rapid response. Journal of Business Venturing Insights 14, e00181.
[30] Nummela, N., Paavilainen-Mäntymäki, E., Harikkala-Laihinen, R., Raitis, J., 2020. When all doors close: Implications of COVID-19 for cosmopolitan entrepreneurs. International Small Business Journal, 0266242620954127.
[31] Ortiz‐de‐Mandojana, N., Bansal, P., 2016. The long‐term benefits of organizational resilience through sustainable business practices. Strategic Management Journal 37(8), 1615-1631.
[32] Patel, P.C., Rietveld, C.A., 2020. The impact of financial insecurity on the self-employed’s short-term psychological distress: Evidence from the COVID-19 pandemic. Journal of Business Venturing Insights 14, e00206.
[33] Pollack, J.M., Carr, J.C., Michaelis, T.L., Marshall, D.R., 2019. Hybrid entrepreneurs’ self-efficacy and persistence change: A longitudinal exploration. Journal of Business Venturing Insights 12, e00143.
[34] Prah, D., Sibiri, H., 2020. The resilience of African migrant entrepreneurs in China under COVID-19. Journal of Entrepreneurship in Emerging Economies.
[35] Prasad, S., Tanase, S., 2021. Competition, collaboration and organization design. Journal of Economic Behavior & Organization 183, 1-18.
[36] Ratten, V., 2020. Coronavirus (Covid-19) and entrepreneurship: cultural, lifestyle and societal changes. Journal of Entrepreneurship in Emerging Economies.
[37] Rose, A., Krausmann, E., 2013. An economic framework for the development of a resilience index for business recovery. International Journal of Disaster Risk Reduction 5, 73-83.
[38] Saridakis, G., 2012. Introduction to the special issue on enterprise activity, performance and policy during times of crisis. International Small Business Journal 30(7), 733-735.
[39] Scheidgen, K., Gümüsay, A.A., Günzel-Jensen, F., Krlev, G., Wolf, M., 2021. Crises and entrepreneurial opportunities: Digital social innovation in response to physical distancing. Journal of Business Venturing Insights 15, e00222.
[40] Sekhavat, Y.A., 2020. Collaboration or battle between minds? An attention training game through collaborative and competitive reinforcement. Entertainment Computing 34, 100360.
[41] Selden, L., MacMillan, I.C., 2006. Manage customer-centric innovation-systematically. harvard business review 84(4), 108.
[42] Smallbone, D., Deakins, D., Battisti, M., Kitching, J., 2012. Small business responses to a major economic downturn: Empirical perspectives from New Zealand and the United Kingdom. International Small Business Journal 30(7), 754-777.
[43] Sridharan, S., Maltz, E., Viswanathan, M., Gupta, S., 2014. Transformative subsistence entrepreneurship: a study in India. Journal of Macromarketing 34(4), 486-504.
[44] Subbaraman, N., 2020. Mission to trace. NATURE PUBLISHING GROUP MACMILLAN BUILDING, 4 CRINAN ST, LONDON N1 9XW, ENGLAND.
[45] Sullivan-Taylor, B., Branicki, L., 2011. Creating resilient SMEs: why one size might not fit all. International Journal of Production Research 49(18), 5565-5579.
[46] Thorgren, S., Williams, T.A., 2020. Staying alive during an unfolding crisis: How SMEs ward off impending disaster. Journal of Business Venturing Insights 14, e00187.
[47] Välikangas, L., Romme, A.G.L., 2013. How to design for strategic resilience: a case study in retailing. Journal of Organization Design 2(2), 44-53.
[48] Vatansever, Ç., Arun, K., 2016. What color is the green entrepreneurship in Turkey? Journal of Entrepreneurship in Emerging Economies.
[49] Williams, N., Vorley, T., 2014. Economic resilience and entrepreneurship: lessons from the Sheffield City Region. Entrepreneurship & Regional Development 26(3-4), 257-281.
[50] Wry, T., Haugh, H., 2018. Brace for impact: Uniting our diverse voices through a social impact frame.
[51] Yarovaya, L., Brzeszczynski, J., Goodell, J.W., Lucey, B.M., Lau, C.K., 2020. Rethinking Financial Contagion: Information Transmission Mechanism during the COVID-19 pandemic. Available at SSRN 3602973.
[52] Zahra, S.A., 2021. International entrepreneurship in the post Covid world. Journal of World Business 56(1), 101143.