Abstract
The COVID-19 global crisis and the ensuing lockdown of large parts of society and economic life has been an exogenous shock to society (Kuckertz et al., 2020). It is predicted the impact on the small business sector is likely to be severe (Fairlie, 2020). The findings of this international qualitative study offer a first-hand and real-time account of the adversity encountered by small rural businesses during the first lockdown in the COVID-19 pandemic and insight into how their leaders exercised resilience. Drawing upon the evidence from 38 small business entrepreneurs and four business support organizations, the data pointed out three main challenges in terms of adversity relating to business model change, information flow and sense-making, and weak strategy. The study also brings new insight into five leadership practices and behaviors that help exercise entrepreneurial resiliency: personal and business experience of crises, positive mindset, personal faith, learning and leading, and relationships.
Original language | English |
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Pages (from-to) | 100-112 |
Number of pages | 13 |
Journal | Journal of Small Business Strategy |
Volume | 31 |
Issue number | 4 |
Early online date | 16 Nov 2021 |
DOIs | |
Publication status | Published online - 16 Nov 2021 |
Bibliographical note
Publisher Copyright:© 2021, Small Business Institute. All rights reserved.
Keywords
- Leadership
- resilience
- rural businesses
- crisis
- pandemic
- Rural businesses
- Pandemic
- Crisis
- Resilience