Examining the connection between resourcefulness and resilience

Analysis of UK rural SME firm-level enterprise characteristics

Datos Bibliográficos

ID12090608
AutoresFahimeh Malekinezhad (0000-0003-2774-3384, University of Gloucestershire, autor de correspondencia), Evgenia Micha (0000-0002-5697-3317, Countryside and Community Research Institute), Damian Maye (0000-0002-4459-6630, University of Gloucestershire)
Año2024
Volumen112
Páginas103450-103450
Fecha de publicación2024-10-16
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaJournal of Rural Studies (JOURNAL)
Identificadores de la revistaISSN: 0743-0167 • E-ISSN: 1873-1392
EditorialElsevier BV (PUBLISHER)
DOI10.1016/j.jrurstud.2024.103450
OpenAlexW4403458398
IdiomaEN
Citas recibidas3
Referencias citadas31

The ability of rural enterprises to withstand external shocks has been examined at regional and sectoral levels using extensive evidence bases. However, little is known of rural SMEs' resourcefulness and how this can affect their resilience. Rural SMEs have been exposed to severe operational disruptions in the face of recent internal and external shocks caused by turbulent events such as the COVID-19 pandemic. Analysis suggests SME resilience is not sector-wide and depends on enterprises' behaviour, entrepreneurial activity and ability to manage existing resources: a process generally known as ‘bricolage’. This paper examines the connection between resourcefulness of rural SMEs and their resilience capacity. Data from an extensive cross-sectional survey of rural SMEs in the UK was used in a multivariate analysis to create a typology of rural SMEs based on resourcefulness measured by behaviours such as social networking. Rural SME enterprise types are then compared against variables indicating resilient performance during the pandemic. Four rural SME enterprise types emerge from the analysis, each with different strategic behaviours and resilience performance attributes. The typology underscores the importance of resourcefulness in SME resilience and argues that resilience goes beyond regional or sectoral contexts and has to do with idiosyncratic features and individual characteristics. The analysis emphasises the importance of supporting and enhancing resourcefulness capabilities in resilience planning and provides a valuable baseline for further in-depth research on understanding rural SMEs' ability to be resilient in times of crisis. • The paper draws on an analysis of the resilience of rural businesses during disruptive events like the COVID-19 pandemic. • A typology of rural SMEs based on firm-level characteristics was created using a multivariate analysis framework. • The paper examines the relationship between the resourcefulness of rural SMEs and their ability to build resilience. • Four types of rural business are identified, each with different strategic behaviour and resilience attributes. • It highlights the importance of supporting and enhancing resource and risk planning in firm-level resilience thinking

Business · Connection (principal bundle · Economic geography · Geography · Industrial organization · Resilience (materials science · Engineering · Innovation and Socioeconomic Development · Regional resilience and development · Supply Chain Resilience and Risk Management