Unternehmertum und Organisationsmanagement

Entrepreneurship and Resilience in Times of Crises: The Case of SME’s in Lebanon

Abstract

Latifa Attieh*

Myriad studies have examined the role of Small and Medium Enterprises’ (SME’s) resilience as a driving force of a country’s economic ecosystem in times of crises. However, what most of these studies neglected was the role of SME’s in reviving economies in underdeveloped countries like Lebanon. The main aim of this study is to postulate the drivers behind the Lebanese entrepreneurial paths of resilience in times of crises. A quantitative research methodology is adopted to explore whether adaptive or absorptive paths of resilience are important for entrepreneurs to pursue. The study showcases the significance of absorptive and adaptive resilience paths along with factors such as adaptability, robustness, redundancy, resourcefulness flexibility and agility. Similarly, variables like the number of employees in firms, payment of salaries, extra fees paid, governmental taxes, and organizational time and source of response are impactful in the context of entrepreneurship resilience in Lebanon in times of crises.