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Entrepreneurship as the Unsung Hero during the Current COVID-19 Economic Crisis: Australian Perspectives

Author

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  • Alex Maritz

    (La Trobe Business School, La Trobe University, Melbourne, VIC 3086, Australia)

  • Aron Perenyi

    (Swinburne Business School, Swinburne University of Technology, Melbourne, VIC 3122, Australia)

  • Gerrit de Waal

    (College of Business, RMIT University, Melbourne, VIC 3000, Australia)

  • Christoph Buck

    (Entrepreneurship and Innovation, University of Bayreuth, 95444 Bayreuth, Germany
    Centre for Future Enterprise, QUT, Brisbane, QLD 4000, Australia)

Abstract

The COVID-19 pandemic has not only had a significant and catastrophic effect on business and economies globally, but has identified the external and internal enablement of new venture creation. This paper aims to provide entrepreneurship insights, implementations and dynamics to demonstrate the role of entrepreneurship in times of such adversity within an Australian context. We provide emergent enquiry narratives from leading Australian scholars, identifying entrepreneurial initiatives as a catalyst to new venture creation and growth. Narratives include insights associated with the entrepreneurial mindset, the multidimensional effects of resilience and entrepreneurship, entrepreneurship education, entrepreneurship enablers and the entrepreneurial ecosystem. Opportunities for further research are identified, particularly regarding context and empirical outcomes. We postulate that entrepreneurship may well be the unsung hero during the current COVID-19 economic crisis.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:11:p:4612-:d:367602
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    References listed on IDEAS

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    Cited by:

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    2. 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.
    3. Raluca Ignat & Marius Constantin, 2020. "Multidimensional Facets of Entrepreneurial Resilience during the COVID-19 Crisis through the Lens of the Wealthiest Romanian Counties," Sustainability, MDPI, vol. 12(23), pages 1-29, December.
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    7. 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.
    8. 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.
    9. Diego Norena-Chavez & Ruben Guevara, 2020. "Entrepreneurial Passion and Self-Efficacy as Factors Explaining Innovative Behavior: A Mediation Model," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 352-373.
    10. 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.
    11. Virgil Henry Storr & Stefanie Haeffele & Jordan K. Lofthouse & Anne Hobson, 2022. "Entrepreneurship during a pandemic," European Journal of Law and Economics, Springer, vol. 54(1), pages 83-105, August.
    12. Otrachshenko, Vladimir & Popova, Olga & Nikolova, Milena & Tyurina, Elena, 2022. "COVID-19 and entrepreneurship entry and exit: Opportunity amidst adversity," Technology in Society, Elsevier, vol. 71(C).
    13. 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.
    14. Arkadiusz J. Derkacz, 2020. "Fiscal, Investment and Export Multipliers and the COVID-19 Pandemic Slowdowns Uncertainty Factor in the First Half of 2020," Risks, MDPI, vol. 8(4), pages 1-21, November.
    15. Simplice A. Asongu & Mushfiqur Rahman, 2022. "A Review of Covid-19 and Employment Implications: Evidence from Human Resource Management," Working Papers 22/058, European Xtramile Centre of African Studies (EXCAS).
    16. 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.
    17. Qiong Dang & Shixian Li, 2022. "Exploring Public Discussions Regarding COVID-19 Vaccinations on Microblogs in China: Findings from Machine Learning Algorithms," IJERPH, MDPI, vol. 19(20), pages 1-16, October.
    18. 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.
    19. Xiuguo Wu & Sipeng Wang, 2022. "Evaluation and Temporal-Spatial Evolution of Regional New and Old Driving Force Conversion in Shandong Province," Sustainability, MDPI, vol. 14(22), pages 1-23, November.
    20. Jussi S. Jauhiainen, 2021. "Entrepreneurship and Innovation Events during the COVID-19 Pandemic: The User Preferences of VirBELA Virtual 3D Platform at the SHIFT Event Organized in Finland," Sustainability, MDPI, vol. 13(7), pages 1-22, March.
    21. Ljudevit Pranić, 2023. "What Happens to the Entrepreneurial Intentions of Gen Z in a Crony Capitalist Economy Amidst the COVID-19 Pandemic?," Sustainability, MDPI, vol. 15(7), pages 1-22, March.
    22. Mukhamad Najib & Abdul Aziz Abdul Rahman & Farah Fahma, 2021. "Business Survival of Small and Medium-Sized Restaurants through a Crisis: The Role of Government Support and Innovation," Sustainability, MDPI, vol. 13(19), pages 1-16, September.
    23. Xu, Zeshui & Wang, Xindi & Wang, Xinxin & Skare, Marinko, 2021. "A comprehensive bibliometric analysis of entrepreneurship and crisis literature published from 1984 to 2020," Journal of Business Research, Elsevier, vol. 135(C), pages 304-318.
    24. Valentina Ndou, 2021. "Social Entrepreneurship Education: A Combination of Knowledge Exploitation and Exploration Processes," Administrative Sciences, MDPI, vol. 11(4), pages 1-16, October.
    25. Bahadur Ali Soomro & Ghulam Rasool Lakhan & Naimatullah Shah, 2021. "COVID‐19 impediments and business start‐ups in Pakistan: Evidence from the second wave of the pandemic," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1909-1918, October.

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