ArticleSmall business economics2023
Responding to unexpected crises: The roles of slack resources and entrepreneurial attitude to build resilience.
Article in Small business economics, 2023. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 2 papers.
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Who cites it
2 citing papers in PubMed.
- The Dark Side Effect of Entrepreneurial Resilience Diversity on Pivoting: The Role of Team Reflexivity.Behavioral sciences (Basel, Switzerland) · 2023Article
- The COVID-19 pandemic and family business performance.Small business economics · 2023Article
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Authors and funding
4 authors.
Funding
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Abstract
This study explores how entrepreneurial firms responded to - and displayed resilience in - coping with the uncertainty generated by an unexpected crisis. We examine how entrepreneurs leveraged slack resources to build organizational resilience and, thanks to their entrepreneurial attitude, could eventually turn adversities into opportunities. Through a multiple case study, four key entrepreneurial responses emerge about the type of slack resources (business or family) and extent of entrepreneurial attitude (favourable or unfavourable) leveraged: "waiting while seeding", "keeping business as usual", "striving to resist" and "surfing the pandemic". Slack resources, both business and family, can enable the absorption of a shock, contributing to building absorptive resilience, or the adaptation to the shock, contributing to building adaptive resilience. Yet, they are not sufficient to turn adversities into opportunities because firms also require a favourable entrepreneurial attitude to activate slack.
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