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/ http://irep.iium.edu.my/79652/ http://irep.iium.edu.my/79652/ 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

id	iium-79652
recordtype	eprints
spelling	iium-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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
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/ http://irep.iium.edu.my/79652/ http://irep.iium.edu.my/79652/ 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
first_indexed	2023-09-18T21:51:39Z
last_indexed	2023-09-18T21:51:39Z
_version_	1777413809007230976

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

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