IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-98431-0_9.html

Vulnerability and Resilience Strategies in Small Businesses: Perspective from Nigeria

In: Vulnerability and the Future of Small Business in Industry 5.0

Author

Listed:
  • Ayodeji Temitope Ajibade

    (Babcock University)

  • Oyinloluwa Esther Adetunji

    (Babcock University)

  • Godwin Chidiadi Jeremiah

    (Babcock University)

Abstract

This chapter examines the role of resilience strategies in promoting the sustainability of small businesses. Small businesses play a significant role to the economies of the world. These businesses are the backbone of most developed and developing economies. Small businesses are essential source and foundation for developing a country’s economy. Resilience is defined as a business's capacity to adapt, grow, and endure during crisis, often seen in increased profits, expansion, or innovative practices. In contrast, sustainability involves maintaining business operations over the long term without compromising future needs, necessitating entrepreneurial skills and innovation. The chapter underscores some major sources of small businesses’ vulnerability and highlights some resilience strategies that can be leveraged upon to mitigate the associated vulnerability. In conclusion, resilience strategies are essential for the long-term survival and prosperity of small businesses, helping them to adapt and thrive in an ever-changing environment.

Suggested Citation

  • Ayodeji Temitope Ajibade & Oyinloluwa Esther Adetunji & Godwin Chidiadi Jeremiah, 2026. "Vulnerability and Resilience Strategies in Small Businesses: Perspective from Nigeria," Springer Books, in: Timilehin Olasoji Olubiyi (ed.), Vulnerability and the Future of Small Business in Industry 5.0, chapter 0, pages 185-199, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-98431-0_9
    DOI: 10.1007/978-3-031-98431-0_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    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:spr:sprchp:978-3-031-98431-0_9. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.