The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Family Processes, Entrepreneurial Resilience, and Socio-Economic Crisis: Case of an Entertainment and Attraction Enterprise
Abstract
Resilience in entrepreneurship has been shown to mean more than the capacity of individuals to cope well under adversity. It is also the ability of the business to effectively navigate psychologically, socially, culturally, and physically, and turn hostile and uncertain situations into long-term opportunities. The aim of this chapter is to consider the possibilities of turning socio-economic adversity into opportunities through the functionality of family processes and entrepreneurial resilience. The chapter will examine the case of a successful entrepreneurial company that faced adversity during the pandemic and how the company turned adversity into opportunity. The strategies of the company are further analyzed from the lens of different theories that support her actions. Leadership flexibility in approach, techniques, and strategies emerged as a dominant factor for problem-solving in coping with family business during adverse socio-economic conditions. Stress and vulnerability in high-risk situations will foster growth and empower entrepreneurship in crisis.
Related Content
|
Isik Cicek.
© 2024.
23 pages.
|
|
Oluwabunmi Bakare-Fatungase, Sudetu Oseni.
© 2024.
24 pages.
|
|
Iris-Panagiota Efthymiou.
© 2024.
21 pages.
|
|
Thanuja Rathakrishnan, Thivashini B. Jaya Kumar, Feranita Feranita, Woon Leong Lin.
© 2024.
29 pages.
|
|
Tobias D. Herbst, J. Piet Hausberg.
© 2024.
28 pages.
|
|
Ozlem Erdas Cicek.
© 2024.
18 pages.
|
|
Ayse Asli Yilmaz.
© 2024.
20 pages.
|
|
|