المجلة الدولية لنشر البحوث والدراسات

International Journal of Research and Studies Publishing

المجلة الدولية لنشر البحوث والدراسات
القائمة الرئيسية

Covid-19 impact on the Entrepreneurial practices in Small startups


Eydaros Misky1, Sultan Alzahrani1, and Mowffaq Oreijah1,2

Institute of Innovation and Entrepreneurship, Umm Al-Qurra University, Saudi Arabia1
Mechanical Engineering Dept., College of Engineering, Umm Al-Qura University, Saudi Arabia2


Abstract:

COVID-19 has disrupted the global economy and the pandemic impact on businesses has been devastating. The majority of the enterprises suffered the lockdown consequences and the entrepreneurial small startups have been the most to struggle from the pandemic impacts such as financial deficiency, drop in sales, loss of customers, and shut down permanently. Due to their lack of skills and experience, they couldn’t diversify their product sources and distribution. On the other hand, some small startups have gained huge profits due to the pandemic which included online commercials for sanitizers and masks, and some specialize in food and beverage products. This paper research reviews the impact and the survival strategies for entrepreneurial small startups during the ongoing crisis of COVID-19. A review of the literature includes reviewing all the relevant scientific published data and an included case study represents a practical example that highlights the impact of COVID-19 on the small enterprises.


Keywords:

COVID-19, small startups, Entrepreneurship, crises.

DOI

Email:

About the Author

Institute of Innovation and Entrepreneurship, Umm Al-Qurra University, Saudi Arabia1
Mechanical Engineering Dept., College of Engineering, Umm Al-Qura University, Saudi Arabia2

References

1. Abdul, O. E. (2018). Entrepreneurial skills and growth of Small and Medium Enterprise (SMEs): A comparative analysis of Nigerian entrepreneurs and Minority entrepreneurs in the UK. International Journal of Academic Re-search in Business and Social Sciences, 8(5), 27-46.
2. Adams, P. (2020, April 14). Re-thinking globalization with Ian Goldin. ABC. Financial Times. (2020, April 3).
3. Alves, Jose & Osorio, Arturo & Guo, Chun & Khong, Yeung. (2019). Cross border entrepreneurship: Macau, Zhuhai, and Hengqin.
4. Bartik, A., Cullen, Z., Bertrand, M., Glaeser, E. L., Luca, M., & Stanton, C. (2020). How are small businesses adjusting to COVID-19? Early evidence from a survey. SSRN Electronic Journal.
5. Brown R, Rocha A, Cowling M. Financing entrepreneurship in times of crisis: Exploring the impact of COVID-19 on the market for entrepreneurial finance in the United Kingdom. International Small Business Journal. 2020;38(5):380-390.
6. Evenett, S. (2020), “Tackling COVID-19 Together”, Global Trade Alert, Uni-versity of St. Gallen, Switzerland.
7. Fernandes, N. (2020). Economic effects of coronavirus outbreak (COVID-19) on the world economy. SSRN Electronic Journal.
8. Haltiwanger J, Jarmin RS, Kulick R, et al. (2016) High growth young firms: Contribution to job, output, and productivity growth. In: Haltiwanger J, Hurst E, Miranda J, et al. (eds) Measuring Entrepreneurial Businesses: Current Knowledge and Challenges. Chicago, IL: University of Chicago Press, pp.11–62
9. Hassan, Absar & Fahad, Shah & Naushad, Mahnoor. (2020). Factors Affecting Tourism Industry and Its Impacts on Global Economy of the World. SSRN Electronic Journal. 10.2139/ssrn.3559353.
10. He, H., & Harris, L. (2020). The impact of Covid-19 pandemic on corporate social responsibility and marketing philosophy. Journal of business re-search, 116, 176–182.
11. ITC calculations based on ITC COVID-19 Business Impact Survey. Data col-lected 21 April – 2 June 2020.
12. ITC. (2019a). SME Competitiveness Outlook 2019: Big money for small busi-ness—Financing the Sustainable Development Goals (SME Competitiveness Outlook). International Trade Centre
13. Kato, M. and Charoenrat, T. (2018), “Business continuity management of small and medium sized enterprises: Evidence from Thailand”, International Journal of Disaster Risk Reduction, Vol. 27, pp. 577-587.
14. Mandel, A., & Veetil, V. (2020). The economic cost of COVID lockdowns: An out-of-Equilibrium analysis. Economics of Disasters and Climate Change, 4(3), 431-451.
15. McDonald, S. (2020, 30 March). The Digital Response to the Outbreak of COVID-19. Centre for International Governance Innovation.
16. Phillipson, J., Gorton, M., Turner, R. Shucksmit, H. M., Aitken-McDermott, K., Area, F., Cowie, P., Hubbard, C., Maioli, S., McAreavey, R., Souza-Monteiro, D., Newbery, R., Panzone, L., Rowe, F. and Shortall, S. (2020). The COVID-19 pandemic and its implications for rural economies. Sustainability, 12(3973), 2-9.
17. Prashar, N., Hart, M., & Ri, A. (2020). From the cabinet of curiosities: The misdirection of research and policy debates on small firm growth. International Small Business Journal: Researching Entrepreneurship
18. Salamzadeh, Aidin & Kawamorita, Hiroko. (2015). Startup Companies: Life Cycle and Challenges. 10.13140/RG.2.1.3624.8167.
19. WTO. (2020, April 8). Trade set to plunge as COVID-19 pandemic upends global economy. World Trade Organization Trade Forecast.

Download PDF





المجلة الدولية لنشر البحوث والدراسات

المجلة الدولية لنشر البحوث والدراسات مجلة علمية محكمة متخصصة في نشر الابحاث العلمية في مختلف التخصصات، تصدر المجلة الدولية دورياً كل شهر. تصدر المجلة في المملكة الأردنية الهاشمية

تعليمات النشر للباحث

  • » تنسيقات البحث
  • » قالب البحث
  • » أخلاقيات النشر
  • » اقرار الباحث

    • سياسة الخصوصية

  • » سياسة مراجعة الأبحاث
  • » سياسة الوصول المفتوح
  • » حقوق النشر والترخيص
  • » سياسة الاقتباس

    • للإقتراحات

    نحن نعمل باستمرار على تحسين مجلتنا العلمية وعملية النشر لدينا بهدف تزويدك بأفضل تجربة نشر علمية. فإننا نقدر رأيك ونرحب بأي اقتراحات عبر الإيميل التالي: info@ijrsp.com

    جميع الحقوق © محفوظة المجلة الدولية لنشر البحوث والدراسات 2019