Chinese ventures' strategic choices and recurring disruptions in the entrepreneurial process

Li Xiao

Chapter 3 in Entrepreneurial Financial Resilience and Financial Innovation in a Turbulent Era, 2023, pp 35-44 from Edward Elgar Publishing

Abstract: We are living in an age of disruption. Disruptions bring both major challenges and new opportunities to ventures and entrepreneurs frequently (Dushnitsky et al., 2020; Shirokova et al., 2020). Frequent disruptions are typically caused by sudden changes such as new technology, unstable environments for business, and natural disasters. These disruptions are manifested in the entrepreneurial process, and influence the nature of the process (Xiao, 2022). The literature on crisis and entrepreneurship has focused on one-off crises and addressed the importance of firms’ resources capabilities to weather the storms of one-off crises. We argue that the frequency of disruptions that impacts the entrepreneurial path may make strategic and resource flexibility critical to sustain business. So far, we know little about how ventures and entrepreneurs take entrepreneurial actions to create strategic and resource flexibility for coping with the frequency of extreme events or changes to business environments during the entrepreneurial process. Drawing an idea from the resource-based view, we examine a set of strategic choices that ventures, and entrepreneurs select to create the dynamics of resources and determine the ability of ventures to survive recurring disruptions.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781802203929.00010 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21113_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().