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Entrepreneurial resilience and self-efficacy during global crisis: study of small businesses in a developing economy

Sarika Sharma (Symbiosis Institute of Computer Studies and Research, Symbiosis International (Deemed University), Pune, India)
Sonica Rautela (Symbiosis Centre for Management Studies, Symbiosis International (Deemed University), Pune, India)

Journal of Entrepreneurship in Emerging Economies

ISSN: 2053-4604

Article publication date: 6 September 2021

Issue publication date: 1 December 2022

572

Abstract

Purpose

Entrepreneurship and entrepreneurs have become increasingly important around the globe considering its positive impact on productivity and employment by economic theoreticians, analysts and researchers. The purpose of this paper is to study the entrepreneurial resilience and self-efficacy of founders of small businesses in India during the global crisis.

Design/methodology/approach

Qualitative research method is adopted for analyzing the data collected through a structured questionnaire. In total, 72 small entrepreneurs participated in the study. For analysis of the responses, thematic content analysis is carried out using a four steps method. Codes are generated from the data, which are used to formulate sub-categories. The sub-categories are arranged into a thematic framework by the researchers.

Findings

The paper proposes a framework as an outcome of the study, which is discussed in detail in later sections. The framework comprises of four broad areas, namely, modifications (process/product/business model); impact on functional areas; technology adoption; and sources of business continuation. The linking of these is also presented in a pictorial representation.

Originality/value

This paper provides meaningful insights on entrepreneurial resilience and self-efficacy of small businesses in turbulent times. The theoretical contribution is in form of a proposed framework and an addition in the literature of entrepreneurial resilience for the developing economies. The findings can be used for the practical and policy implications, which may lead toward offering better understanding and clarity to the stakeholders. It may also show trajectory to authorities for formulating long-term strategies for the survival of small businesses in the region.

Keywords

Citation

Sharma, S. and Rautela, S. (2022), "Entrepreneurial resilience and self-efficacy during global crisis: study of small businesses in a developing economy", Journal of Entrepreneurship in Emerging Economies, Vol. 14 No. 6, pp. 1369-1386. https://doi.org/10.1108/JEEE-03-2021-0123

Publisher

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Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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