Rethinking entrepreneurship in causally entangled crises: A poly-crisis perspective

Kim Klyver and Jeffery S. McMullen

Journal of Business Venturing, 2025, vol. 40, issue 1

Abstract: Over the last few years, the world has witnessed the emergence of a poly-crisis era in which overlapping, causally entangled crises, such as pandemics, war, inflation, natural disasters, etc. converge to challenge assumptions of societal stability upon which much of the field's knowledge base has been developed over the last few decades. In this editorial, we propose a poly-crisis perspective to entrepreneurship and compare it with entrepreneurship under both normal times and a single crisis. In doing so, we highlight the need to reexamine the boundary conditions of our models and to propose some questions, constructs, and methods that deserve increased attention in a world where institutional uncertainty is the rule rather than the exception.

Keywords: Entrepreneurship; Crisis; Uncertainty; Equilibrium; Self-efficacy; Hope (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:40:y:2025:i:1:s0883902624000818

DOI: 10.1016/j.jbusvent.2024.106459

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