Coping with crises in entrepreneurship and effectuation

Objective: This theoretical essay examines the processes by which crises are experienced and managed by entrepreneurs, with a particular focus on the role of effectuation. Problem: The nature, intensity, and duration of crises vary, exerting pressure on organizations and entrepreneurs. In order to r...

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Detalles Bibliográficos
Autores: Lima, Edmilson de Oliveira, Moreira Silva, João Paulo, Lopes, Rose Mary Almeida, Cunha, Julio Araújo Carneiro da
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2024
País:Brasil
Institución:Associação Nacional de Estudos em Empreendedorismo e Gestão de Pequenas Empresas (ANEGEPE)
Repositorio:REGEPE Entrepreneurship and Small Business Journal
Idioma:inglés
OAI Identifier:oai:ojs.regepe.org.br:article/2621
Acceso en línea:https://www.regepe.org.br/regepe/article/view/2621
Access Level:acceso abierto
Palabra clave:Entrepreneurship
Crises
Coping with crises
Effectuation
L26
Emprendedorismo
Crisis
Afrontamiento de crisis
Empreendedorismo
Enfrentamento de crises
Descripción
Sumario:Objective: This theoretical essay examines the processes by which crises are experienced and managed by entrepreneurs, with a particular focus on the role of effectuation. Problem: The nature, intensity, and duration of crises vary, exerting pressure on organizations and entrepreneurs. In order to respond effectively, it is necessary to develop quick, ingenious solutions that are adapted to the context of uncertainty and lack of resources. However, there is a lack of clarity regarding the occurrence of crises for entrepreneurs and the strategies they employ to cope with them. Originality: The study, based on a characterization of crises and their diversity, delves more profoundly into the ways in which entrepreneurs cope with crises and the extent to which effectuation is (or fails to be) useful in such coping. It illuminates the micro and macro levels of crises and the nuances in responses to them. Social/management contributions: In addition to presenting new research conclusions, the essay proposes a research agenda for prospective publications that seek to address humanity's significant challenges.