Entrepreneurship, Growth and Development in Uncertain Times
Edited by Nick Williams and Tim Vorley
Chapter 2: Strategies for resilience in entrepreneurship: building resources for small business survival after a crisis
This chapter examines the recovery strategies of small businesses in the aftermath of a crisis, specifically, the England riots of 2011, and the resources integral to such. Drawing on qualitative interviews with owner-managers of 15 businesses affected by the rioting in London, this chapter builds on resilience research and draws from Conservation of Resources Theory to highlight the importance of devising strategies that both utilise existing resources and invest in new resources. Recovery strategies were found to be social, economic and personal in nature.
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