JOURNAL OF MANAGEMENT POLICY AND PRACTICE
Entrepreneurial Resilience, High Impact Challenges, and Firm Performance
Author(s): Yemisi Awotoye, Robert P. Singh
Citation: Yemisi Awotoye, Robert P. Singh, (2017)"Entrepreneurial Resilience, High Impact Challenges, and Firm Performance," Journal of Management Policy and Practice, Vol. 18, Iss. 2, pp. 28-37
Article Type: Research paper
Publisher: North American Business Press
This paper discusses resilience in entrepreneurship as being distinct from the general construct of resilience. We make this delineation by arguing that there are specific high-impact challenges which relate to entrepreneurship but not to general living, such as a weak economy, changes in political climate, lack of access to capital, intellectual property theft, and intense competition. Following a literature review of cognitions research, and psychological resilience, we develop some theory-based propositions. We also discuss the practical implications and future research directions that should be undertaken, before concluding the paper.