Revising entrepreneurial action in response to exogenous shocks: Considering the COVID-19 pandemic

Author ORCID Identifier

Ferran Giones:https://orcid.org/0000-0001-9706-3814

Timothy Michaelis:https://orcid.org/0000-0002-7990-8833

Publication Title

Journal of Business Venturing Insights

E-ISSN

44136

Document Type

Article

Abstract

With regards to the ongoing impact of the COVID-19 pandemic in the domain of entrepreneurship, we offer research-based evidence and associated insights focused on three perspectives (i.e., business planning, frugality, and emotional support) regarding entrepreneurial action under an exogenous shock. Beyond the initial emergency response that countries around the world have taken, we argue that it is time to revise entrepreneurial action guidance in such a context. Our aim is to highlight ways that entrepreneurs can take action in light of the current COVID-19 pandemic. We position our insights to be relevant to both researchers and practitioners coping with an unprecedented situation that has catastrophic consequences both economically and socially.

Publication Date

11-1-2020

DOI

10.1016/j.jbvi.2020.e00186

Keywords

Corporate accelerator, COVID-19, Entrepreneurial action, Frugality, Planning, Social support

Department

Department of Management

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