Learn to survive crises

The role of firm resilience, innovation capabilities and environmental dynamism

Bibliographic Data

ID11240235
AuthorsYuliia Kyrdoda (0000-0002-2117-0290, University of Trieste), Marco Balzano (0000-0002-2452-631X, Ca' Foscari University of Venice, corresponding author), Giacomo Marzi (0000-0002-8769-2462, IMT School for Advanced Studies Lucca)
Year2023
Volume74
Pages102285
Publication date2023-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueTechnology in Society (JOURNAL)
Journal identifiersISSN: 0160-791X • E-ISSN: 1879-3274
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.techsoc.2023.102285
OpenAlexW4378649236
LanguageEN
Citations received11
References cited62

Exogenous crises, while disruptive, may also present learning opportunities that could affect a firm's viability and performance. In this study, we examine how exogenous crises can constitute learning opportunities and assess their impact on firm survival. In particular, we investigate the role of learning in response to exogenous crises and how firm resilience, innovation capabilities, and environmental dynamism influence this relationship. Drawing from crisis management and organisational learning literature, we propose that these factors can bolster the connection between learning from crises and firm survival. To test our hypotheses, we conduct a nuanced analysis using both regression analysis and Fuzzy Set Qualitative Comparative Analysis (fsQCA) on data from 249 Italian manufacturing Small and Medium-sized Enterprises (SMEs). This approach allows us to simultaneously examine the impact of firm resilience, innovation capabilities, and environmental dynamism on the relationship between learning from crises and firm survival. Our findings offer theoretical and practical insights into the role of learning from crises in a firm's survival. They also highlight the importance of embracing learning opportunities in crisis situations and suggest that how firms deal with crises could be an opportunity to fine-tune their internal processes and thrive in the long run

Business · Dynamic Capabilities · Dynamism · Economics · Industrial organization · Management · Organizational learning · Psychological resilience · Qualitative comparative analysis · Resilience (materials science · Innovation and Knowledge Management · Psychology · Qualitative Comparative Analysis Research · Social Psychology · Supply Chain Resilience and Risk Management