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Entrepreneurship Resiliency Throughout the COVID-19 Pandemic: The Case of Small-Medium Enterprises in Lebanon
Abstract
Entrepreneurs are increasingly turning to digital transformation to bolster their organizations' overall resiliency, and academics and practitioners alike are taking note. Organizational resilience and digital transformation have been studied extensively in the literature. This research used quantitative and structural equation modelling (SEM) to investigate the connections between digital transformation, innovation, and organizational resilience via a questionnaire survey with 203 entrepreneurs in Lebanon. According to the findings, the digital transformation of businesses improves their ability to withstand external threats. This study also demonstrates three ways to achieve organizational resilience: digital transformation, innovation, and company diversification. Entrepreneurial innovation positively impacts organizational resilience. The chapter concludes by stressing the relevance of the practical significance of digital transformation for businesses to implement it and create greater organizational resilience properly.
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