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Entrepreneurship and Organizational Resilience: Responding to and Recovering From Crisis Situations (COVID-19)
Abstract
Economic growth is traditionally known to regard improving access to jobs for individuals and their quality of life, with greater focus on job creation during times of crises to recover from recession or heading towards recession. The COVID-19 pandemic is a prime example. As a result, within an entrepreneurial context, entrepreneurship is a solution to economic crises that threaten financial security, job creation, and growth because entrepreneurs own organizations and hire workers. Entrepreneurs and organizations help economies operate, innovate, grow, recover, and even provide employment for individuals and families. So, organizational resilience during entrepreneurship, in general for small dilemmas, but especially during unprecedented times, is necessary. Furthermore, resilience, organizational resilience, corporate governance, financial inclusion to provide entrepreneurs with capital resources to remain in business instead of dissolving during adversities, education, and strategic partnerships are needed during crises to protect businesses and gain resilience.
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