A conceptual approach: relationship between crisis, resilience, and entrepreneurial actions

The paper intends to gain a deeper understanding and give insights into how a crisis influences entrepreneurial behaviour. It reviews the conceptual and developmental papers on crisis management. To formulate and build a distinctive conceptual framework, a review of existing literature focused on entrepreneurship, crisis management and COVID-19 was undertaken. The study identifies the impact of COVID-19 on entrepreneurs, factors that drive entrepreneurial intention during crisis and their entrepreneurial actions. As a result, most of the research studies identify entrepreneurial resilience as a force behind entrepreneurial behaviour during crisis. The factors determining entrepreneurial intention include self-efficacy, positive emotions, growth mindset and fear of failure. The findings act as valuable groundwork for future research on crisis management and entrepreneurship. From social, managerial, policy makers and economic perspective, entrepreneurial action act as catalyst to bounce back from crisis. Therefore, an integrated collaborative support mechanism may result in rise of entrepreneurial actions even during crisis.