Business Under Crisis, Volume III: Avenues for Innovation, Entrepreneurship and Sustainability

Crises have been a constant pressure on businesses, but they have also been a source of opportunities for sustainability, creativity, innovation, and entrepreneurship. This book explores critical events as possible opportunities for sustainability, driven by the market or as a response to critical events. It is organized in three thematic sections: organizational responses to crisis, digitization, and SMEs, Family Firms, Entrepreneurship.

Format: Paperback / softback
Length: 309 pages
Publication date: 09 January 2023
Publisher: Springer Nature Switzerland AG

The world is constantly facing a multitude of challenges, ranging from recurring episodes of great depression, oil crises, political crises, wars, debt crises, to the ongoing climate change. These critical events put immense pressure on businesses to adapt and cope with their effects. However, it is important to recognize that crises have also played a pivotal role in advancing businesses and societies throughout history. This contributed volume approaches crisis not merely as a source of problems but also as a set of choices. It seeks to explore critical events as potential opportunities for sustainability, through process improvement, creativity, innovation, and entrepreneurship.

Chapters within the book reveal that times of crisis provide a fertile ground for new start-ups, creativity, resilience, organizational change, and revitalization. It emphasizes the importance of sustainability, driven either by market forces or as a response to critical events. Within the broader endeavor to explore avenues for innovation, entrepreneurship, and sustainability at times of crisis, the book is loosely organized into three thematic sections:

Organizational Responses to Crisis: This section explores how businesses respond to crises, including strategies, tactics, and decision-making processes. It examines the challenges and opportunities that arise during times of crisis and how organizations can adapt and thrive in the face of adversity.

Digitization and Technology Facilitating or Hindering Sustainability under Conditions of Crisis: In this section, the authors examine the role of technology in facilitating or hindering sustainability during times of crisis. They explore how digital technologies can be used to improve sustainability practices, as well as the challenges and risks associated with their adoption.

SMEs, Family Firms (FF), Entrepreneurship, and Opportunities for Innovation: This section focuses on the role of small and medium-sized enterprises (SMEs), family firms (FFs), entrepreneurship, and innovation in responding to critical events. It explores how these entities can leverage their unique characteristics and capabilities to create new opportunities for growth and sustainability.

Throughout the book, the authors draw on a wide range of case studies and examples to illustrate their points and provide practical insights into the challenges and opportunities associated with innovation, entrepreneurship, and sustainability at times of crisis. The book is intended for a broad audience, including business professionals, policymakers, researchers, and students interested in the intersection of crisis, innovation, and sustainability.

In conclusion, the contributed volume Crisis, Innovation, and Sustainability provides a valuable perspective on the role of critical events in shaping businesses and societies. It highlights the potential for resilience, creativity, and innovation to emerge from times of crisis and emphasizes the importance of sustainability as a driving force for long-term growth and development. By exploring the choices and opportunities presented by crises, the book offers valuable insights and strategies for navigating the complex and ever-changing business landscape.

Weight: 445g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030765859
Edition number: 1st ed. 2022