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Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur

In the past, there has been a preponderance of studies on entrepreneurs or small and medium enterprises (SMEs) in Malaysia; however, very few studies concentrated on women entrepreneurs. Women entrepreneurs are known to be persistent and resilient in running their business. However, it may be intere...

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Main Authors: Abdul Rani, Nazatul Shima, Krishnan, K. Sarojani, Suradi, Zurinah, Juhdi, Nurita
Format: Article
Language:English
English
Published: Penerbit Universiti Sains Malaysia 2019
Subjects:
HB Economic Theory
HB3711 Business cycles. Economic fluctuations
Online Access:http://irep.iium.edu.my/79652/1/79652_Identification%20of%20critical%20components.pdf
http://irep.iium.edu.my/79652/2/79652_Identification%20of%20critical%20components_SCOPUS.pdf
http://irep.iium.edu.my/79652/
http://web.usm.my/aamj/24s22019/aamj24s22019_8.pdf
https://doi.org/10.21315/aamj2019.24.s2.8
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spelling my.iium.irep.796522020-03-19T07:31:56Z http://irep.iium.edu.my/79652/ Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur Abdul Rani, Nazatul Shima Krishnan, K. Sarojani Suradi, Zurinah Juhdi, Nurita HB Economic Theory HB3711 Business cycles. Economic fluctuations In the past, there has been a preponderance of studies on entrepreneurs or small and medium enterprises (SMEs) in Malaysia; however, very few studies concentrated on women entrepreneurs. Women entrepreneurs are known to be persistent and resilient in running their business. However, it may be interesting to focus on factors or components that contribute towards their resiliency. Hence, this study explores the critical components of entrepreneurial resiliency which play a significant role in the business survival of women entrepreneurs during and after undergoing economic crises. The term resilience comprises three components, namely hardiness, resourcefulness, and optimism. Hardiness refers to adaptive capacity, and not easily discouraged by failures. Resourcefulness, on the other hand, relates to cash flow, investment, relational networks, material assets, and the ability to adapt to changes, while optimism means the preparedness to make decisions, take action, and the ability to see the humorous side of things. The sample of the study consisted of 100 women entrepreneurs, mainly food operators in Klang Valley who were selected randomly. Most of the women entrepreneurs were aged above 30 years, and more than half have more than 10 years’ experience in running their business. A set of questionnaire with items on entrepreneurial resilience and its components-hardiness, resourcefulness, and optimism-was used to gain information among women entrepreneurs. The findings show that the most critical components for resilience during crises was resourcefulness, while optimism emerged as the most important component after undergoing crises. © Asian Academy of Management and Penerbit Universiti Sains Malaysia, 2019. Penerbit Universiti Sains Malaysia 2019 Article PeerReviewed application/pdf en http://irep.iium.edu.my/79652/1/79652_Identification%20of%20critical%20components.pdf application/pdf en http://irep.iium.edu.my/79652/2/79652_Identification%20of%20critical%20components_SCOPUS.pdf Abdul Rani, Nazatul Shima and Krishnan, K. Sarojani and Suradi, Zurinah and Juhdi, Nurita (2019) Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur. Asian Academy of Management Journal, 24 (Supp. 2). pp. 111-126. ISSN 1394-2603 http://web.usm.my/aamj/24s22019/aamj24s22019_8.pdf https://doi.org/10.21315/aamj2019.24.s2.8
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HB Economic Theory
HB3711 Business cycles. Economic fluctuations
spellingShingle HB Economic Theory
HB3711 Business cycles. Economic fluctuations
Abdul Rani, Nazatul Shima
Krishnan, K. Sarojani
Suradi, Zurinah
Juhdi, Nurita
Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur
description In the past, there has been a preponderance of studies on entrepreneurs or small and medium enterprises (SMEs) in Malaysia; however, very few studies concentrated on women entrepreneurs. Women entrepreneurs are known to be persistent and resilient in running their business. However, it may be interesting to focus on factors or components that contribute towards their resiliency. Hence, this study explores the critical components of entrepreneurial resiliency which play a significant role in the business survival of women entrepreneurs during and after undergoing economic crises. The term resilience comprises three components, namely hardiness, resourcefulness, and optimism. Hardiness refers to adaptive capacity, and not easily discouraged by failures. Resourcefulness, on the other hand, relates to cash flow, investment, relational networks, material assets, and the ability to adapt to changes, while optimism means the preparedness to make decisions, take action, and the ability to see the humorous side of things. The sample of the study consisted of 100 women entrepreneurs, mainly food operators in Klang Valley who were selected randomly. Most of the women entrepreneurs were aged above 30 years, and more than half have more than 10 years’ experience in running their business. A set of questionnaire with items on entrepreneurial resilience and its components-hardiness, resourcefulness, and optimism-was used to gain information among women entrepreneurs. The findings show that the most critical components for resilience during crises was resourcefulness, while optimism emerged as the most important component after undergoing crises. © Asian Academy of Management and Penerbit Universiti Sains Malaysia, 2019.
format Article
author Abdul Rani, Nazatul Shima
Krishnan, K. Sarojani
Suradi, Zurinah
Juhdi, Nurita
author_facet Abdul Rani, Nazatul Shima
Krishnan, K. Sarojani
Suradi, Zurinah
Juhdi, Nurita
author_sort Abdul Rani, Nazatul Shima
title Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur
title_short Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur
title_full Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur
title_fullStr Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur
title_full_unstemmed Identification of critical components of resilience during and after economic crises: The case of women food operators in Kuala Lumpur
title_sort identification of critical components of resilience during and after economic crises: the case of women food operators in kuala lumpur
publisher Penerbit Universiti Sains Malaysia
publishDate 2019
url http://irep.iium.edu.my/79652/1/79652_Identification%20of%20critical%20components.pdf
http://irep.iium.edu.my/79652/2/79652_Identification%20of%20critical%20components_SCOPUS.pdf
http://irep.iium.edu.my/79652/
http://web.usm.my/aamj/24s22019/aamj24s22019_8.pdf
https://doi.org/10.21315/aamj2019.24.s2.8
_version_ 1662753891393994752
score 13.211869

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