University of Oulu

Forsten-Astikainen, Riitta & Muhos, Matti (2018) Resilience in sudden changes and crises related to micro-entrepreneurship. In: Costa et al. eds. Proceedings of the 13th European Conference on Innovation and Entrepreneurship ECIE 2018, Aveiro, Portugal, 20-21 September 2018, 260-266.

Resilience in sudden changes and crises related to micro-entrepreneurship

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Author: Forsten-Astikainen, Riitta1; Muhos, Matti1
Organizations: 1University of Oulu, Nivala, Finland
Format: article
Version: accepted version
Access: open
Online Access: PDF Full Text (PDF, 0.5 MB)
Persistent link: http://urn.fi/urn:nbn:fi-fe2018112348907
Language: English
Published: Academic Conferences and Publishing International, 2018
Publish Date: 2018-11-23
Description:

Abstract

The paper examines micro-entrepreneurs’ resilience to significant changes in a company. The focus of this research is on uncovering the kinds of changes and crises entrepreneurs met and on how to classify these changes and crises? The unexpected changes that entrepreneurs may face can have a significant impact on both their current and future activities and can be directed either at the individual or the business level. In micro-entrepreneurship, entrepreneurs typically have to address changes and crises alone. To a micro-entrepreneur, a sudden change can be challenging because he/she does not necessarily have a support network to provide useful or sufficient help (Alonso et al., 2015). Managing such situations requires resilience and flexibility from entrepreneurs and companies alike. This empirical research was qualitative by nature and the research method was a retrospective multiple case study. The data collection method was based on semi-structured thematic interviews with 12 entrepreneurs and managers from the social and health care sector in Northern Finland. All interviews were audio-recorded and transcribed. The transcriptions were analysed by content analysis with an interpretative approach, each on a case-by-case basis. The data were processed using qualitative data analysis software. Preliminary results suggested that the challenges that micro-entrepreneurs considered the most serious related to internal and external interventions, such as problems with staff, management, management models, authorities, institutions and bureaucracy. In addition, emotional interventions like one’s own wellbeing and a lack of guidance and support related to real crises is a reality of a micro-entrepreneur’s life.

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Series: Proceedings of the European Conference on Entrepreneurship and Innovation
ISSN: 2049-1050
ISSN-E: 2049-1069
ISSN-L: 2049-1050
ISBN: 978-1-911218-98-2
ISBN Print: 978-1-911218-97-5
Pages: 260 - 266
Host publication: Proceedings of the 13th European Conference on Innovation and Entrepreneurship ECIE 2018, Aveiro, Portugal, 20-21 September 2018
Host publication editor: Costa, Carlos
Au-Yong-Oliveira, Manuel
Castro Amorim, Marlene Paula
Conference: European Conference on Innovation and Entrepreneurship
Type of Publication: A4 Article in conference proceedings
Field of Science: 512 Business and management
Subjects:
Funding: Funding for this project comes primarily from the European Social Fund (ESF) via the North Ostrobothnia Centre for Economic Development, Transport and the Environment, Finland (project code S2023).
Dataset Reference: The data analysed in this paper are part of the Social and Health Care Entrepreneur Booster (SoteYBoost) project at the University of Oulu.
Copyright information: © The Authors, 2018. All Rights Reserved. No reproduction, copy or transmission may be made without written permission from the individual authors.