How has the COVID-19 crisis transformed entrepreneurs into sustainable leaders?
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Author(s)
Haider, Murtaza
Shannon, Randall
Moschis, George P
Autio, Erkko
Type
Journal Article
Abstract
EntREsilience, a five-country longitudinal qualitative study, was launched in 2020 in China, Malaysia, the Philippines, Thailand and the UK to understand how entrepreneurs manifested resilience in response to the COVID-19 pandemic crisis events from March 2020 to February 2022. EntREsilience proposed a resilience-manifestation process model describing how entrepreneurs responded to the COVID-19 disruption, aided by external and internal enablers, adjusting their businesses to stabilise and even hunting for opportunities to grow their businesses. The present research adds to the findings of EntREsilience by analysing the strategies applied by entrepreneurs in their response to the crisis. This exploratory study focused on the entrepreneurs’ community interactions and studied the effects of these interactions on the response measures adopted by the entrepreneurs. The results describe how the awareness of their stakeholder challenges shaped the entrepreneurial response. Realising the importance of stakeholder well-being to the sustainability of their enterprise motivated the entrepreneurs to develop sustainability competencies towards their stakeholder challenges, innovating solutions for their mutual well-being. By extending the resilience-manifestation process model, this paper proposes a transformation model depicting the process of entrepreneurs transforming into sustainable leaders triggered by stakeholder challenge awareness and moderated by contextual factors.
Date Issued
2023-03
Date Acceptance
2023-03-15
Citation
Sustainability, 2023, 15 (6)
ISSN
2071-1050
Publisher
MDPI AG
Journal / Book Title
Sustainability
Volume
15
Issue
6
Copyright Statement
© 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
License URL
Identifier
https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000958992800001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=a2bf6146997ec60c407a63945d4e92bb
Subjects
BUSINESS MODEL INNOVATION
CASE SELECTION
COVID-19 pandemic
CREATION
entrepreneurial resilience
Environmental Sciences
Environmental Sciences & Ecology
Environmental Studies
Green & Sustainable Science & Technology
Life Sciences & Biomedicine
PERSPECTIVE
Science & Technology
Science & Technology - Other Topics
stakeholder theory
STAKEHOLDER THEORY
sustainable leadership
Publication Status
Published
Article Number
5358
Date Publish Online
2023-03-17