The impact of the global crisis on the growth of SMEs: A resource system perspective

Autor:	Dominic S. K. Lim, Naryoung Yu, Eric A. Morse
Rok vydání:	2020
Předmět:	2019-20 coronavirus outbreak Entrepreneurship Resource (biology) Coronavirus disease 2019 (COVID-19) Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) Perspective (graphical) Development economics Pandemic Negative potential Business Business and International Management
Zdroj:	International Small Business Journal: Researching Entrepreneurship. 38:492-503
ISSN:	1741-2870 0266-2426
DOI:	10.1177/0266242620950159
Popis:	In this commentary, we examine both the positive and negative potential impact of the COVID-19 pandemic on the growth of small- and medium-sized enterprises (SMEs). We conceptualise the firm as a system of various resource components (strategic, physical, financial, human and organisational resources) and firm growth as the expansion of this resource system. Based on qualitative data drawn from Canadian high-growth SMEs, we discuss the potential impact of the crisis on these resource system components. We demonstrate how virtuous growth spirals of these resources co-evolve through various feedback and feed-forward loops. Furthermore, we discuss how a temporary growth setback, due to the crisis, can in fact provide an opportunity for entrepreneurs to realign, and regain the balance and fit within their firm’s resource system. This realignment enables the firm to take on the next phase of growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::44d80e29ca05e80a31679c58326a4587 https://doi.org/10.1177/0266242620950159 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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