From challenges to creativity : Enhancing SMEs’ resilience in the context of Covid-19
Journal article
Zutshi, Ambika, Mendy, John, Sharma, Gagan Deep, Thomas, Asha and Sarker, Tapan. (2021). From challenges to creativity : Enhancing SMEs’ resilience in the context of Covid-19. Sustainability. 13(12), pp. 1-16. https://doi.org/10.3390/su13126542
Authors | Zutshi, Ambika, Mendy, John, Sharma, Gagan Deep, Thomas, Asha and Sarker, Tapan |
---|---|
Abstract | COVID-19 pandemic has brought significant and multiple challenges for SMEs. While SMEs have traditionally faced financial and non-financial crises, the pandemic has brought about additional uncertainties on how to maintain business continuity. The purpose of this paper is to examine how SMEs can mitigate against COVID-19-related crisis by examining the impacts that the pandemic has had on them through a review of 34 articles. The thematic analysis from the literature covered three overarching and inter-related challenges including (i) cost and finance-related challenges, (ii) disruption of activities, and (iii) existential difficulties. The paper’s value lies in addressing the gap between the espoused literature’s claim of the beneficial impact of new technological advancements and SMEs’ ability to survive in the context of the COVID-19 pandemic. The additional value of this paper is a framework of recommendations to help enhance SMEs’ resilience and responsiveness in the context of COVID-19. These recommendations include collaboration, openness, taking advantage of opportunities/victory, and durability. |
Keywords | SMEs; Covid-19; rapid review ; resilience; technological advancements |
Year | 01 Jan 2021 |
Journal | Sustainability |
Journal citation | 13 (12), pp. 1-16 |
Publisher | MDPI AG |
ISSN | 2071-1050 |
Digital Object Identifier (DOI) | https://doi.org/10.3390/su13126542 |
Web address (URL) | https://www.mdpi.com/2071-1050/13/12/6542 |
Open access | Open access |
Research or scholarly | Research |
Page range | 1-16 |
Publisher's version | License File Access Level Open |
Output status | Published |
Publication dates | |
Online | 08 Jun 2021 |
Publication process dates | |
Accepted | 04 Jun 2021 |
Deposited | 26 Jul 2024 |
Additional information | Copyright: © 2021 by the authors. |
This article is an open access article | |
Place of publication | Switzerland |
https://acuresearchbank.acu.edu.au/item/90w04/from-challenges-to-creativity-enhancing-smes-resilience-in-the-context-of-covid-19
Download files
Publisher's version
OA_Zutshi_2021_From_challenges_to_creativity_Enhancing_SMEs.pdf | |
License: CC BY 4.0 | |
File access level: Open |
29
total views10
total downloads0
views this month2
downloads this month