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COVID-19 pandemic has brought significant and multiple challenges for SMEs. While SMEs have traditionally faced financial and non-financial crises, the pandemic has brought about additional uncertainties on how to maintain business continuity. The purpose of this paper is to examine how SMEs can mitigate against COVID-19-related crisis by examining the impacts that the pandemic has had on them through a review of 34 articles. The thematic analysis from the literature covered three overarching and inter-related challenges including (i) cost and finance-related challenges, (ii) disruption of activities, and (iii) existential difficulties. The paper’s value lies in addressing the gap between the espoused literature’s claim of the beneficial impact of new technological advancements and SMEs’ ability to survive in the context of the COVID-19 pandemic. The additional value of this paper is a framework of recommendations to help enhance SMEs’ resilience and responsiveness in the context of COVID-19. These recommendations include collaboration, openness, taking advantage of opportunities/victory, and durability.
Ambika Zutshi; John Mendy; Gagan Sharma; Asha Thomas; Tapan Sarker. From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19. Sustainability 2021, 13, 6542 .
AMA StyleAmbika Zutshi, John Mendy, Gagan Sharma, Asha Thomas, Tapan Sarker. From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19. Sustainability. 2021; 13 (12):6542.
Chicago/Turabian StyleAmbika Zutshi; John Mendy; Gagan Sharma; Asha Thomas; Tapan Sarker. 2021. "From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19." Sustainability 13, no. 12: 6542.
The COVID-19 pandemic struck the tourism industry severely. Based on the review of 35 papers that studied the tourism industry in the wake of the pandemic, we propose a resilience-based framework for reviving the global tourism industry post-COVID-19. Our framework outlines four prominent factors for building resilience in the industry: government response, technology innovation, local belongingness, and consumer and employee confidence. We argue that using such inclusive resilience; the tourism industry may transform into a new global economic order characterized by sustainable tourism, society's well-being, climate action, and the involvement of local communities. We also offer directions for future research in the area.
Gagan Deep Sharma; Asha Thomas; Justin Paul. Reviving tourism industry post-COVID-19: A resilience-based framework. Tourism Management Perspectives 2020, 37, 100786 -100786.
AMA StyleGagan Deep Sharma, Asha Thomas, Justin Paul. Reviving tourism industry post-COVID-19: A resilience-based framework. Tourism Management Perspectives. 2020; 37 ():100786-100786.
Chicago/Turabian StyleGagan Deep Sharma; Asha Thomas; Justin Paul. 2020. "Reviving tourism industry post-COVID-19: A resilience-based framework." Tourism Management Perspectives 37, no. : 100786-100786.