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COVID-19 as an accelerator for developing strong(er) businesses? Insights from Estonian small firms

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  • Susanne Durst
  • Thomas Henschel

Abstract

COVID-19 has hit us all unexpectedly. Nevertheless, this pandemic requires decisive actions. Taking this as a starting point, this empirical study investigates how small companies from Estonia have been coping with COVID-19 so far. The article contributes to the study of crisis management in general and crisis management in small firms by providing the Quick, Adapt, and Mobilized framework, which shows how small firms within a short period of time adapt to the new situation and initiate both reactive and proactive responses to mobilize old and new capacities to increase the chance of emerging successfully and strengthened from this sudden and external crisis.

Suggested Citation

  • Susanne Durst & Thomas Henschel, 2021. "COVID-19 as an accelerator for developing strong(er) businesses? Insights from Estonian small firms," Journal of the International Council for Small Business, Taylor & Francis Journals, vol. 2(1), pages 1-29, January.
    • Handle: RePEc:taf:ucsbxx:v:2:y:2021:i:1:p:1-29
    DOI: 10.1080/26437015.2020.1859935
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    Cited by:

    1. Mohd Rashid Mohd Yunus & Rosli Mahmood & Hishamuddin Md Som, 2024. "Influence of Knowledge Management on Performance of Halal SMEs in Singapore: Dynamic Capability as an Underpinning Theory," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 2021-2028, July.
    2. Durst, Susanne & Davila, Andrés & Foli, Samuel & Kraus, Sascha & Cheng, Cheng-Feng, 2023. "Antecedents of technological readiness in times of crises: A comparison between before and during COVID-19," Technology in Society, Elsevier, vol. 72(C).

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