Steffen Korsgaard, Richard A Hunt, David M Townsend, Mads Bruun Ingstrup
{"title":"COVID-19 and the importance of space in entrepreneurship research and policy.","authors":"Steffen Korsgaard, Richard A Hunt, David M Townsend, Mads Bruun Ingstrup","doi":"10.1177/0266242620963942","DOIUrl":"10.1177/0266242620963942","url":null,"abstract":"<p><p>Given the COVID-19 crisis, the importance of space in the global economic system has emerged as critical in a hitherto unprecedented way. Even as large-scale, globally operating digital platform enterprises find new ways to thrive in the midst of a crisis, small and medium-sized enterprises (SMEs) nestled in local economies have proven to be fragile to shocks, causing countless local economies to unravel in the face of severe challenges to survival. Here, we discuss the role of entrepreneurship in re-building local economies that are more resilient. Specifically, we take a spatial perspective and highlight how the COVID-19 crisis has uncovered problems in the current tendency for thin contextualisation and promotion of globalisation. Based on this critique, we outline new perspectives for thinking about the relationship between entrepreneurship, resilience and local economies. Here, a particular emphasis is given to resilience building through deeply contextualised policies and research, localised flows of products and labour, and the diversification of local economies.</p>","PeriodicalId":91022,"journal":{"name":"International small business journal","volume":"38 8","pages":"697-710"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7565246/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39596126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Niina Nummela, Eriikka Paavilainen-Mäntymäki, Riikka Harikkala-Laihinen, Johanna Raitis
{"title":"When all doors close: Implications of COVID-19 for cosmopolitan entrepreneurs.","authors":"Niina Nummela, Eriikka Paavilainen-Mäntymäki, Riikka Harikkala-Laihinen, Johanna Raitis","doi":"10.1177/0266242620954127","DOIUrl":"https://doi.org/10.1177/0266242620954127","url":null,"abstract":"<p><p>The emergence of the COVID-19 pandemic is an external shock that has disrupted the foundations of everyday life. For cosmopolitan entrepreneurs, the impact is even more decisive as it confronts their core values and jeopardises their identities, ways of working and the lifestyles they cherish. Cosmopolitans are individuals who identify themselves as citizens of the world and voluntarily move from country to country in pursuit of self-fulfilment in both life and work. Cosmopolitan entrepreneurs are future-oriented and open to the world and the opportunities it may provide. Beyond securing, maintaining and improving their professional and/or economic positions, their mobility is an elementary part of the cosmopolitan life itself, something they find attractive, interesting and stimulating. Thus, a cosmopolitan entrepreneur's business is often non-location-bound to enable continued mobility. With our interview-based research, we shed light on how COVID-19 has changed the lives of Finnish-born cosmopolitan entrepreneurs, discussing what they feel about the changes and how they see their future.</p>","PeriodicalId":91022,"journal":{"name":"International small business journal","volume":"38 8","pages":"711-717"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0266242620954127","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39596127","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Did you save some cash for a rainy COVID-19 day? The crisis and SMEs.","authors":"Marc Cowling, Ross Brown, Augusto Rocha","doi":"10.1177/0266242620945102","DOIUrl":"https://doi.org/10.1177/0266242620945102","url":null,"abstract":"<p><p>As COVID-19 spreads across the globe, a common public policy response has been to enforce the temporary closure of non-essential business activity. In some countries, governments have underwritten a proportion of the wage income for staff forced to furlough or broadened their welfare systems to accommodate newly laid off workers or small business owners. While these actions are helpful, they do not explicitly address the lack of sales trading activity on business income and cash balances. In commentary, we identify what types of businesses have been increasing their cash holdings in the lead up to COVID-19 as an indication of what types of small and medium-sized enterprises (SMEs) are most at risk if the lockdown extends for a protracted period of time. We find that only 39% of the of businesses were bolstering their cash balances leading up to COVID-19 which suggests that 61% of businesses may run out of cash, including 8.6% that had no retained earnings whatsoever with micro firms at particular risk. The importance of precautionary saving for SMEs is critical to enhance resilience when Black Swan events occur.</p>","PeriodicalId":91022,"journal":{"name":"International small business journal","volume":"38 7","pages":"593-604"},"PeriodicalIF":0.0,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0266242620945102","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39596125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A commentary on the impacts of 'Great Lockdown' and its aftermath on scaling firms: What are the implications for entrepreneurial research?","authors":"Francis J Greene, Alessandro Rosiello","doi":"10.1177/0266242620961912","DOIUrl":"10.1177/0266242620961912","url":null,"abstract":"<p><p>This commentary argues that scaling fast growth firms drive economic development, even in recessionary periods. While the coronavirus induced the 'Great Lockdown' and its aftermath poses particular challenges, we argue that the crisis presents the entrepreneurial scholarly community with an opportunity to re-orientate our research. Rather than more narratives of business success in the face of adversity, the Great Lockdown presents us with a fresh opportunity to examine how scaling is affected by context, by luck and by the porous nature of business growth. In so doing, our hope is that it will encourage our community to adopt a more proactive agenda to support policy makers and entrepreneurs.</p>","PeriodicalId":91022,"journal":{"name":"International small business journal","volume":"38 7","pages":"583-592"},"PeriodicalIF":0.0,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7545300/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39596124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tatiana S Manolova, Candida G Brush, Linda F Edelman, Amanda Elam
{"title":"Pivoting to stay the course: How women entrepreneurs take advantage of opportunities created by the COVID-19 pandemic.","authors":"Tatiana S Manolova, Candida G Brush, Linda F Edelman, Amanda Elam","doi":"10.1177/0266242620949136","DOIUrl":"10.1177/0266242620949136","url":null,"abstract":"<p><p>COVID-19 is unique in the severity of its impact as it is a humanitarian disaster that has caused both a supply and a demand shock to the global economic system. It has disproportionately affected women entrepreneurs as their firms are younger and smaller. In this commentary, we contend that while all businesses must pivot their business models in times of tumultuous change, simultaneously reducing risk and seizing new opportunities, this is particularly difficult for women entrepreneurs, whose businesses are concentrated in the industry sectors most severely affected by the economic shutdown. We draw on recent survey data from the Diana International Research Institute (DIRI) to identify business model pivots in women-owned businesses, and conclude by offering a set of gendered future research questions.</p>","PeriodicalId":91022,"journal":{"name":"International small business journal","volume":"38 6","pages":"481-491"},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7426720/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39770187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}