Double-Sided Perspective of Business Resilience: Leading SME Rationally and Irrationally During COVID-19

Nopriadi Saputra ()
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Nopriadi Saputra: BINUS Business School, Bina Nusantara University, Indonesia Author-2-Name: Maria Grace Herlina Author-2-Workplace-Name: BINUS Business School, Bina Nusantara University, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:

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Abstract: Objective - This study aims to elaborate business resilience of small medium enterprises and to test the impact of rational and irrational antecedents of business resilience during COVID-19 crisis. Methodology/Technique - It is cross-sectional and causal study for testing five hypothesizes. Convenience approach was used as non-probabilistic sampling method. It involved 506 small medium enterprises in Jawa and Sumatera, the biggest islands in Indonesia. Collected data were structured with PLS based Structural Equation Modelling. Findings - The result explained that business resilience is influenced positively, directly, and significantly by business flexibility and workplace spirituality. Business flexibility is influenced by workplace spirituality, pro-social leadership, and alliance capability. Pro-social leadership of owners and/or managers influences implementation of health protocol and alliance capability. Novelty - This study has proved that business resilience has both sides of antecedents - in rational and irrational perspectives. Type of Paper - Empirical.

Keywords: Business Resilience; Small Medium Enterprise. (search for similar items in EconPapers)
JEL-codes: L26 L29 (search for similar items in EconPapers)
Pages: 12
Date: 2021-06-30
New Economics Papers: this item is included in nep-sea
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Published in Journal of Management and Marketing Review, Volume 6, Issue2

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Persistent link: https://EconPapers.repec.org/RePEc:gtr:gatrjs:jmmr275

DOI: 10.35609/jmmr.2021.6.2(4)

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