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Entrepreneurship as the Unsung Hero during the Current COVID-19 Economic Crisis: Australian Perspectives

Author

Listed:
  • Alex Maritz

    (La Trobe Business School, La Trobe University, Melbourne, VIC 3086, Australia)

  • Aron Perenyi

    (Swinburne Business School, Swinburne University of Technology, Melbourne, VIC 3122, Australia)

  • Gerrit de Waal

    (College of Business, RMIT University, Melbourne, VIC 3000, Australia)

  • Christoph Buck

    (Entrepreneurship and Innovation, University of Bayreuth, 95444 Bayreuth, Germany
    Centre for Future Enterprise, QUT, Brisbane, QLD 4000, Australia)

Abstract

The COVID-19 pandemic has not only had a significant and catastrophic effect on business and economies globally, but has identified the external and internal enablement of new venture creation. This paper aims to provide entrepreneurship insights, implementations and dynamics to demonstrate the role of entrepreneurship in times of such adversity within an Australian context. We provide emergent enquiry narratives from leading Australian scholars, identifying entrepreneurial initiatives as a catalyst to new venture creation and growth. Narratives include insights associated with the entrepreneurial mindset, the multidimensional effects of resilience and entrepreneurship, entrepreneurship education, entrepreneurship enablers and the entrepreneurial ecosystem. Opportunities for further research are identified, particularly regarding context and empirical outcomes. We postulate that entrepreneurship may well be the unsung hero during the current COVID-19 economic crisis.

Suggested Citation

  • Alex Maritz & Aron Perenyi & Gerrit de Waal & Christoph Buck, 2020. "Entrepreneurship as the Unsung Hero during the Current COVID-19 Economic Crisis: Australian Perspectives," Sustainability, MDPI, vol. 12(11), pages 1-9, June.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:11:p:4612-:d:367602
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    References listed on IDEAS

    as
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    3. Friederike Welter & Ted Baker & David B. Audretsch & William B. Gartner, 2017. "Everyday Entrepreneurship—A Call for Entrepreneurship Research to Embrace Entrepreneurial Diversity," Entrepreneurship Theory and Practice, , vol. 41(3), pages 311-321, May.
    4. Devece, Carlos & Peris-Ortiz, Marta & Rueda-Armengot, Carlos, 2016. "Entrepreneurship during economic crisis: Success factors and paths to failure," Journal of Business Research, Elsevier, vol. 69(11), pages 5366-5370.
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    6. Bullough, Amanda & Renko, Maija, 2013. "Entrepreneurial resilience during challenging times," Business Horizons, Elsevier, vol. 56(3), pages 343-350.
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