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How Has the COVID-19 Crisis Transformed Entrepreneurs into Sustainable Leaders?

doi: 10.3390/su15065358
handle: 10044/1/111068
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.
- Mahidol University Thailand
- Imperial College London United Kingdom
- Mahidol University Thailand
330, Environmental effects of industries and plants, stakeholder theory, COVID-19 pandemic, TJ807-830, 650, TD194-195, Renewable energy sources, Environmental sciences, entrepreneurial resilience, sustainable leadership, GE1-350, COVID-19 pandemic; entrepreneurial resilience; stakeholder theory; sustainable leadership
330, Environmental effects of industries and plants, stakeholder theory, COVID-19 pandemic, TJ807-830, 650, TD194-195, Renewable energy sources, Environmental sciences, entrepreneurial resilience, sustainable leadership, GE1-350, COVID-19 pandemic; entrepreneurial resilience; stakeholder theory; sustainable leadership
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).6 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
