![]() ![]() The subsequent section provides a rich description of the study findings and Interviews and a reflective process model to discern different aspects of challengesĮxperienced. The methodologyĭescribes the primary data collection from 26 SME owners or managers, using semi-structured The literature review identifies research gaps by exploring pertinent aspects ofīusiness resilience during crisis and the role of responsible leadership. Leaders have responded to the crisis to stay afloat. Objectives are to examine the challenges experienced by SMEs in this region and how business The UAE as an emerging economy, specifically in Dubai, a thriving global business hub. This study aims to examine the effects of the crisis on the business resilience of SMEs in How the COVID-19 crisis has led to multifaceted business challenges ( Maliszewska et al., 2020 Liu, et al., 2020 Xing et al., 2020). Technology specialists, financiers, and economists around the globe have spoken out about Business entities, civil society, government bodies, information Syndrome coronavirus (MERS-COV), the unprecedented financial crises of 19, andĮnvironmental disasters such as tsunamis and earthquakes are not comparable to COVID-19’s Viruses such as severe acute respiratory syndrome (SARS) and Middle East respiratory Businesses need to operate with new norms, and this requires leaders to makeĬhanges, adopt innovative measures, employ leadership and entrepreneurial agility, rectifyįinancial constraints, and build tenacity and cultural fitness to adapt successfully ( Applegate et al., 2016 Hu and Pang, 2018). ( Gerth et al., 2021 Kenny and Dutt, 2021).Ī crisis of this sort is historical because its impact on businesses is felt locally and ![]() However, there have been noĭefinitive measures and solutions for SMEs, particularly in Dubai as an emerging economy With the wide-reaching impact of the pandemic leads to inevitable business discontinuity andĭisruption, and people face challenges in managing their businesses ( Barro et al., 2020 Bundy and Pfarrer, 2015 Cleeren et al., 2017). Million workers, equivalent to a net employment contribution of 56% of the economy. SMEs represent 98% of all companies in the country, and Dubai’sīusinesses have suffered greatly since the beginning of 2020 ( Al-Hares, 2020). Of financial support, thus threatening their viability. Various aspects of economic shock linked to the unpredictable length of the crisis and loss Survey encompassing 5800 small businesses in the USA, Bartik et al. Pandemic swept across the globe, affecting businesses in an unprecedented manner. (SMEs) in the context of crisis management has been limited ( Herbane, 2010 Kraus et al., 2020 Smallbone and Welter, 2012 Yaari et al., 2020). Research geared toward understanding the business conditions of small and medium enterprises While there has been extensive analysis of business resilience for multinationalĬorporations during crises in the developed world ( Ballesteros and Kunreuther, 2018 Fainshmidt et al., 2017 Harries et al., 2018 Smallbone and Welter, 2012), ![]() Practical implications and future research directions. The paper concludes with a discussion of theoretical and Progressing successfully through the three challenging periods of crisis using diverseĪpproaches to stay resilient. Many have turned challenges into opportunities, Implementing numerous changes and initiatives to explore new norms of working, unchartedīusiness territories, fulfill current projects, and develop innovative solutions andĭiversification in their businesses. All respondents endured the crisis periods by Reflective process model to discern different aspects of business volatility, leadership Respondents comprising SME owners and managers, using semi-structured interviews and a Respond to the unprecedented crisis to stay afloat. Our objective is to examine the challengesĮxperienced by small and medium enterprises (SMEs) in this region and how business leaders Of SMEs in the United Arab Emirates (UAE) as an emerging economy, and specifically inĭubai, a thriving global business hub. This study seeks to explore the effects of the COVID-19 crisis on the business resilience ![]()
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