Journal ArticleDOI
Crisis management for SMEs: insights from a multiple-case study
Paul Hong,Chenglei Huang,Bo Li +2 more
TLDR
In this article, a general crisis management model that represents crisis management processes in terms of detection, occurrence, recovery and resolution is presented, and a multiple-case study is designed to investigate five SMEs' actual crisis management practices.Abstract:
Research in crisis management involves a variety of perspectives, including crisis impacts, strategic vision and leadership, contingency planning and technical capabilities. However, crisis management mechanisms of small and medium enterprise (SMEs) were rarely investigated for sound theory building and practical guidance for management. The aim of this paper is to explore mechanisms by which SMEs use to manage crisis. This paper presents a general crisis management model that represents crisis management processes in terms of detection, occurrence, recovery and resolution. To validate and refine this model, a multiple-case study is designed to investigate five SMEs’ actual crisis management practices. The case study results show that SMEs, in spite of their resources constraints and relatively weak market positions, display resilient market responsiveness. This paper further suggests that effective crisis management of SMEs involve proactive business mindsets for sustainable growth and continuous expansions.read more
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Journal ArticleDOI
Masters of disasters? Challenges and opportunities for SMEs in times of crisis.
TL;DR: A literature study on 69 manuscripts that studied SMEs in previous crises and proposes ways to overcome economic downturns in the areas of finance, strategy and the institutional environment finds a "strategy/funding chicken-and-egg-problem" and proposes an effectual world view when dealing with situations of great uncertainty.
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Supply chain lessons from the catastrophic natural disaster in Japan
TL;DR: In this paper, the role of the global supply chain as a mechanism to overcome severe supply chain disruptions has not been explored adequately, and a discussion of the supply chain restoration process after severe natural disasters and humanitarian disruptions, and reflects on supply chain lessons in terms of disaster planning and recovery responses are discussed.
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Resilient Research in the Field: Insights and Lessons From Adapting Qualitative Research Projects During the COVID-19 Pandemic
TL;DR: The onset of the COVID-19 pandemic has seen the implementation of unprecedented social distancing measures, restricting social interaction and with it the possibility for conducting face-to-face conversations as mentioned in this paper.
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Balancing supply chain competitiveness and robustness through "virtual dual sourcing": Lessons from the Great East Japan Earthquake
Takahiro Fujimoto,Young Won Park +1 more
TL;DR: In this paper, the authors propose a virtual dual sourcing approach for industrial supply chains, in which the firm facing supply chain disruptions caused by a disaster carefully choose either to quickly recover a damaged line or transfer critical design information to a substitute line.
Journal ArticleDOI
Crisis challenges of small firms in Macao during the COVID-19 pandemic
TL;DR: In this article, the authors developed a framework that combines crisis stages, stakeholder engagement, and crisis challenges for small firms in Macao during the 2019 novel coronavirus disease (COVID-19) pandemic crisis.