Entrepreneur Bricolage Model Matter for Learning Purpose During the Pandemic

Memiyanty Abdul Rahim, Farhatul Mustamirrah Mahamad Aziz, Puteri Nurafiqah binti Mohd Fadli, Fatin Nadhirah binti Mohammad Fadzli, Muhamad ‘Abdin Syakirin bin Muhamad Azmi, Alia Umayrah Mohammad Yusoff and Mohd Sirajuddin Siswadi Putera Mohamad Shith
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Memiyanty Abdul Rahim: Faculty of Administrative Science & Policy Studies,
Farhatul Mustamirrah Mahamad Aziz: Faculty of Administrative Science & Policy Studies, Institute of Continuing Education & Professional Studies (iCEPS)
Puteri Nurafiqah binti Mohd Fadli: Socar Mobility Malaysia Sdn. Bhd.
Fatin Nadhirah binti Mohammad Fadzli: The Institute of Big Data and Artificial Intelligence (IBDAAI)
Muhamad ‘Abdin Syakirin bin Muhamad Azmi: UMK Business Ventures Sdn. Bhd.
Alia Umayrah Mohammad Yusoff: Faculty of Administrative Science & Policy Studies, Governance and Policy Study (GaPS)
Mohd Sirajuddin Siswadi Putera Mohamad Shith: Academy of Contemporary Islamic Studies, Universiti Teknologi MARA Shah Alam, Selangor

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 8, 4415-4434

Abstract: This article focuses on whether Entrepreneur Bricolage Model (EBM) is important for business owners in managing financial matters during crises or pandas. Crises and pandemics are undoubtedly challenging and stressful events that can have significant impacts on individuals, communities, and the world. In the scope of financial matter, crises or pandemics can result in reduced revenues and profits for businesses, as consumer spending decreases and supply chain disruptions occur. Business owners may also face increased costs due to safety measures or changes in operations. The high level of uncertainty and risk for businesses would occur, as the situation may be constantly evolving and difficult to predict. Hence, the purpose of this study is to review several past studies on the importance of Entrepreneur Bricolage Model (EBM) for business owner during crisis or pandemic. ROSES is used in this review of the current research that is using three main journal online databases which are Scopus and Web of Science. A total of 21 articles have been taken from the journals and been analyzed thoroughly for this research. There are two (2) main themes that have been observed by this review, which are Entrepreneurial and Bricolage. Further observation and discussion of the main two themes have developed a total of four (4) sub-themes for this research. In summary, this comprehensive literature review brings attention to the vital subject of businesses during crises and pandemics, where the entrepreneurial bricolage model stands out as a potent strategy embraced by business owners. This model encompasses the key elements of entrepreneurship and bricolage, while integrating sub- themes such as entrepreneurial self-efficacy, resilience, bricolage capability, and improvisation. Future research should adopt a holistic approach to financial management which it includes financial planning, budgeting, forecasting, and risk management. This approach can be particularly useful during times of crisis or change, as it allows companies to adapt quickly and efficiently to new circumstances. By adopting these approaches, companies can position themselves to navigate periods of crisis and uncertainty and create value for their stakeholders over the long term.

Date: 2024
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