Crisis plan? What crisis plan! How microentrepreneurs manage in a crisis
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BUDGE, A., IRVINE, W. and SMITH, R., 2008. Crisis plan? What crisis plan! How microentrepreneurs manage in a crisis. International Journal of Entrepreneurship and Small Business, 6 (3), pp. 337-354
This inductive research study seeks to answer these research questions: (1) Do owners of successful microbusinesses react to crises unknowingly; or (2) Do they proactively manage crises? Using naturalistic observation and in-depth interviews of business owners running established businesses in rural Angus, UK, to establish their attitudes towards crisis planning and ongoing crises, this paper makes a contribution towards the literature of entrepreneurship by examining an underresearched aspect of entrepreneurial behaviour – namely crisis management in microbusinesses.
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