How to harness entrepreneurial resilience to build back better
Entrepreneurial firms are important facilitators of economic resilience during economic crises. Research shows that entrepreneurial firms both buffer against the economic shock when a crisis hits and lead the eventual recovery once the crisis starts to subside. Through intensive experimentation during the crisis, entrepreneurial firms play an important role in discovering the “new normal” in a post-crisis world and help economies to build back better.
In this webinar, we share research-based insight into the role played by entrepreneurial firms and how their resilient capabilities can be supported and leveraged to build back better. Our webinar will feature a panel discussion which highlights how entrepreneurs are experimenting with digitalisation and business models to convert the COVID-19 crisis into a source of opportunity and use it as a “baptism by fire” to enhance the robustness and scalability of their businesses. The panel discussion will connect with the UK’s ongoing plans to support recovery from the COVID-19 economic crisis and elaborate on the implications for both policy and entrepreneurial practice.
The EntREsilience Project studies the learning and opportunity-seeking activities that entrepreneurs undertake during and after the COVID-19 outbreak in five research sites: Wuhan, China; Bangkok, Thailand; Kuala Lumpur, Malaysia; Manila, Philippines, and London, UK. We address the urgent need to strengthen entrepreneurial resilience and discover the post-crisis ‘New Normal’.
Through our research we seek to inform both policy and entrepreneurial practice in emerging and advanced economies alike. We disseminate our insights through outreach workshops and through our dissemination partners, Asian Development Bank and UN Economic and Social Council for Asia-Pacific (UN ESCAP).