Entrepreneurial Responses to Chronic Adversity: The Bright, the Dark, and the in Between

This book explores entrepreneurial responses by people facing chronic adversity, focusing on positive and negative outcomes and the complexity of these relationships. It provides insights into the bright and dark sides of entrepreneurship in challenging resource-poor environments.

Format: Paperback / softback
Length: 213 pages
Publication date: 15 June 2022
Publisher: Springer International Publishing AG

Entrepreneurship in Response to Adverse Events: Exploring the Positive and Negative Outcomes of Entrepreneurial Actions by Individuals Facing Chronic Adversity
Entrepreneurship in response to adverse events has gained significant attention in recent years, with scholars exploring the various ways in which individuals use entrepreneurial action to navigate and overcome the challenges posed by chronic adversity. While previous research has primarily focused on the destructive responses aimed at dismantling the institutions that perpetuate chronic adversity, this book takes a different approach by examining the positive outcomes and negative consequences of entrepreneurial actions for the entrepreneurial actor and their family members. By drawing on the lived experiences of individuals facing chronic adversity, the book provides valuable insights into the bright and dark sides of entrepreneurship and the complex relationships that exist between these two domains.
One of the key findings of the book is that entrepreneurship can be a powerful tool for individuals facing chronic adversity to improve their lives. Entrepreneurs are often able to identify opportunities that others may overlook and to develop innovative solutions to complex problems. This can lead to increased economic prosperity, improved social well-being, and enhanced personal growth. However, the book also highlights the negative consequences of entrepreneurial actions for others. For example, when entrepreneurs engage in predatory behavior, they can exploit vulnerable populations and contribute to the perpetuation of chronic adversity. Similarly, when entrepreneurs fail to manage their businesses effectively, they can cause financial hardship for their employees and their families.
To address these negative consequences, the book proposes a number of strategies. One of the most important strategies is to promote ethical entrepreneurship. Ethical entrepreneurship involves the use of business practices that are socially responsible, environmentally sustainable, and fair to all stakeholders. By promoting ethical entrepreneurship, we can help to ensure that the benefits of entrepreneurship are distributed fairly and that the negative consequences are minimized.
Another strategy is to provide support to entrepreneurs facing chronic adversity. This can include providing access to capital, training, and mentorship programs. By providing these resources, we can help to ensure that entrepreneurs have the skills and resources they need to succeed.
In addition to these strategies, the book also highlights the importance of social capital. Social capital refers to the networks of relationships that exist between individuals and organizations. Social capital can be a powerful tool for entrepreneurs facing chronic adversity, as it can provide access to resources, information, and support. However, social capital can also be a source of conflict and tension.
The book also explores the role of government in promoting entrepreneurship in response to adverse events. Government can play a critical role in providing infrastructure, funding, and regulatory support for entrepreneurs. However, government can also be a source of bureaucracy and red tape, which can make it difficult for entrepreneurs to start and grow their businesses.
In conclusion, entrepreneurship in response to adverse events is a complex and multifaceted phenomenon. While entrepreneurship can be a powerful tool for individuals facing chronic adversity to improve their lives, it can also have negative consequences for others. By promoting ethical entrepreneurship, providing support to entrepreneurs, and building social capital, we can help to ensure that the benefits of entrepreneurship are distributed fairly and that the negative consequences are minimized. Government can play a critical role in promoting entrepreneurship in response to adverse events, but it must be done in a way that is efficient and effective.

Weight: 305g
Dimension: 210 x 148 (mm)
ISBN-13: 9783031048869
Edition number: 1st ed. 2022