IDEAS home Printed from https://ideas.repec.org/a/blg/reveco/v72y2020i2p36-44.html
   My bibliography  Save this article

Entrepreneurship In Pandemic: How To Succeed?

Author

Listed:
  • LUNGU Anca Elena

    (Alexandru Ioan Cuza University of Iași)

  • BOGOSLOV Ioana Andreea

    (Lucian Blaga University of Sibiu)

Abstract

The entrepreneurship-oriented literature has always highlighted that risk and uncertainty highly influence the activity of each entrepreneur. In the context of the COVID-19 pandemic, end 2019 - beginning of 2020 also revealed that risks and uncertainty cannot be fully anticipated by individuals. The only remaining alternative consists in adapting to the new trends and requirements of the market in which they operate. The present article aims to identify and illustrate, in broad lines, the key factors that lead to the success for some of the most well known companies at global level, in the context of COVID-19. Also, the research in question will reveal how the winners and losers appeared, by presenting representative examples in this regard.

Suggested Citation

  • LUNGU Anca Elena & BOGOSLOV Ioana Andreea, 2020. "Entrepreneurship In Pandemic: How To Succeed?," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 72(2), pages 36-44, July.
    • Handle: RePEc:blg:reveco:v:72:y:2020:i:2:p:36-44
    as

    Download full text from publisher

    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/72204lungu&bogoslov.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daron Acemoglu & Simon Johnson & James Robinson, 2003. "Disease and Development in Historical Perspective," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 397-405, 04/05.
    2. Devece, Carlos & Peris-Ortiz, Marta & Rueda-Armengot, Carlos, 2016. "Entrepreneurship during economic crisis: Success factors and paths to failure," Journal of Business Research, Elsevier, vol. 69(11), pages 5366-5370.
    3. Trebesch, Christoph & Reinhart, Carmen & Horn, Sebastian, 2020. "Coping with Disasters: Two Centuries of International Official Lending," CEPR Discussion Papers 14902, C.E.P.R. Discussion Papers.
    4. Brooke, Geoffrey T. F., 2010. "Uncertainty, Profit And Entrepreneurial Action: Frank Knight’S Contribution Reconsidered," Journal of the History of Economic Thought, Cambridge University Press, vol. 32(2), pages 221-235, June.
    5. Knight, Frank H, 1942. "Profit and Entrepreneurial Functions," The Journal of Economic History, Cambridge University Press, vol. 2(S1), pages 126-132, December.
    6. Alex Maritz & Aron Perenyi & Gerrit de Waal & Christoph Buck, 2020. "Entrepreneurship as the Unsung Hero during the Current COVID-19 Economic Crisis: Australian Perspectives," Sustainability, MDPI, vol. 12(11), pages 1-9, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kotsopoulos, Dimosthenis & Karagianaki, Angeliki & Baloutsos, Stratos, 2022. "The effect of human capital, innovation capacity, and Covid-19 crisis on Knowledge-Intensive Enterprises’ growth within a VC-driven innovation ecosystem," Journal of Business Research, Elsevier, vol. 139(C), pages 1177-1191.
    2. Sofia Gomes & Marlene Sousa & Tânia Santos & José Oliveira & Márcio Oliveira & João M. Lopes, 2021. "Opening the “Black Box” of University Entrepreneurial Intention in the Era of the COVID-19 Pandemic," Social Sciences, MDPI, vol. 10(5), pages 1-16, May.
    3. Jelle Schepers & Pieter Vandekerkhof & Yannick Dillen, 2021. "The Impact of the COVID-19 Crisis on Growth-Oriented SMEs: Building Entrepreneurial Resilience," Sustainability, MDPI, vol. 13(16), pages 1-20, August.
    4. Bashir Adelowo Wahab & Adamu Jibir & Musa Abdu, 2024. "COVID-19 Pandemic and Household Entrepreneurship in Nigeria: Do Crises Create Necessity-driven and/or Innovative Entrepreneurship?," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 16(2), pages 270-286, May.
    5. Yuan Zhi Seah, 2021. "COVID-19 and Its Effects on Attitudes toward Opportunity-Motivated Entrepreneurship: Before and after Lockdown," Sustainability, MDPI, vol. 13(16), pages 1-13, August.
    6. Inés Ruiz-Rosa & Desiderio Gutiérrez-Taño & Francisco J. García-Rodríguez, 2020. "Social Entrepreneurial Intention and the Impact of COVID-19 Pandemic: A Structural Model," Sustainability, MDPI, vol. 12(17), pages 1-17, August.
    7. Iva Gregurec & Martina Tomičić Furjan & Katarina Tomičić-Pupek, 2021. "The Impact of COVID-19 on Sustainable Business Models in SMEs," Sustainability, MDPI, vol. 13(3), pages 1-24, January.
    8. Sandberg, Susanne & Sui, Sui & Baum, Matthias, 2019. "Effects of prior market experiences and firm-specific resources on developed economy SMEs' export exit from emerging markets: Complementary or compensatory?," Journal of Business Research, Elsevier, vol. 98(C), pages 489-502.
    9. Karlsson, Martin & Nilsson, Therese & Pichler, Stefan, 2014. "The impact of the 1918 Spanish flu epidemic on economic performance in Sweden," Journal of Health Economics, Elsevier, vol. 36(C), pages 1-19.
    10. Raymond J. March & Adam G. Martin & Audrey Redford, 2016. "The substance of entrepreneurship and the entrepreneurship of substances," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 5(2), pages 201-220, August.
    11. Donato Masciandaro, 2020. "Covid-19 Helicopter Money, Monetary Policy And Central Bank Independence: Economics And Politics," BAFFI CAREFIN Working Papers 20137, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    12. Schultz, T. Paul, 2010. "Population and Health Policies," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4785-4881, Elsevier.
    13. Ribes-Giner, G. & Moya-Clemente, I. & Cervelló-Royo, R. & Perello-Marin, M.R., 2018. "Domestic economic and social conditions empowering female entrepreneurship," Journal of Business Research, Elsevier, vol. 89(C), pages 182-189.
    14. Carmen M. Reinhart, 2022. "From Health Crisis to Financial Distress," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(1), pages 4-31, March.
    15. Stefan Avdjiev & Bryan Hardy & Şebnem Kalemli-Özcan & Luis Servén, 2022. "Gross Capital Flows by Banks, Corporates, and Sovereigns," Journal of the European Economic Association, European Economic Association, vol. 20(5), pages 2098-2135.
    16. Jacques Fontanel, 1980. "Les revenus du travail dans la « Richesse des Nations »," Post-Print hal-03409937, HAL.
    17. Bhattacharyya, Sambit, 2009. "Institutions, diseases, and economic progress: a unified framework," Journal of Institutional Economics, Cambridge University Press, vol. 5(1), pages 65-87, April.
    18. Trebesch, Christoph & Antezza, Arianna & Bushnell, Katelyn & Frank, André & Frank, Pascal & Franz, Lukas & Kharitonov, Ivan & Kumar, Bharath & Rebinskaya, Ekaterina & Schramm, Stefan, 2023. "The Ukraine Support Tracker: Which countries help Ukraine and how?," Kiel Working Papers 2218, Kiel Institute for the World Economy (IfW Kiel), revised 2023.
    19. Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2021. "China's overseas lending," Journal of International Economics, Elsevier, vol. 133(C).
    20. Sara Carter, 2011. "The Rewards of Entrepreneurship: Exploring the Incomes, Wealth, and Economic Well–Being of Entrepreneurial Households," Entrepreneurship Theory and Practice, , vol. 35(1), pages 39-55, January.

    More about this item

    Keywords

    Entrepreneurship; Entrepreneurial Activity; Crisis; COVID-19; Pandemic;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • F20 - International Economics - - International Factor Movements and International Business - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:reveco:v:72:y:2020:i:2:p:36-44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard Alexandru Stoica (email available below). General contact details of provider: https://edirc.repec.org/data/feulbro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.