Repercussions ofCOVID ‐19 on small restaurant entrepreneurs: The Indian context
| Autor: | Richa Narayan Agarwal, Shinu Vig |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
L26
Coronavirus disease 2019 (COVID-19) L20 Psychological intervention India SMEs Context (language use) small entrepreneurs Modernization theory COVID‐19 Urbanization 0502 economics and business Marketing Closure (psychology) Research Articles Government M13 05 social sciences M15 General Business Management and Accounting innovation restaurant industry 050211 marketing Cash flow Business 050203 business & management Finance Research Article |
| Zdroj: | Strategic Change |
| ISSN: | 1099-1697 1086-1718 |
| Popis: | In the pre‐COVID period, the restaurant industry had significantly grown in India in the past decade due to rapid urbanization and modernization. In the post‐COVID period, the small restaurant entrepreneurs are fighting for their survival due to the lack of funds, a shift in the consumers' behaviour and perception, and negative cash flows. It has led to the closure of restaurants, loss of employment, and adversely affected the allied industries. The small restaurant entrepreneurs are exploring some new opportunities amid the crisis and adopting innovative approaches, technological and digital interventions to meet the consumers' need for a contact‐less dining experience. However, a joint effort on the part of entrepreneurs and government bodies will facilitate and fuel the restaurant industry's growth again. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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