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Articles
Published: 2024-06-12

The Resilience and Renewal Strategies Employed by Macau's Small Businesses to Survive and Thrive During the Covid-19 Crisis: A Comprehensive Review

Research Scholar, Department of Management, Lincoln University, 47301 Petaling Jaya, Selangor D. E., Malaysia
Research Scholar, Department of Management, Lincoln University, 47301 Petaling Jaya, Selangor D. E., Malaysia
Research Scholar, Department of Management, Lincoln University, 47301 Petaling Jaya, Selangor D. E., Malaysia
Covid-19 Crisis Management Management Resilience Strategies Small Businesses

Abstract

The COVID-19 epidemic presented unparalleled difficulties for small enterprises on a global scale, and the small company sector in Macau was not exempt from these issues. The present research examines the resilience and renewal tactics implemented by small enterprises in Macau in order to endure and prosper during the COVID-19 pandemic. This study investigates the varied reactions and adaptation strategies implemented by small enterprises in Macau using qualitative research methodologies such as interviews and case studies. The results demonstrate a variety of resilience solutions, encompassing inventive business models, digitalization, product and service diversification, stakeholder collaboration, and utilisation of government support efforts. Furthermore, this study aims to address the influence of organisational culture, leadership, and staff resilience on the crisis response of small enterprises. This study enhances our comprehension of how small enterprises can effectively face unparalleled obstacles and emerge more resilient from catastrophes. The findings derived from this study have the potential to contribute valuable knowledge to policy interventions, support mechanisms, and capacity-building programmes that seek to improve the resilience of small enterprises in Macau and other regions.

References

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How to Cite

Jun, L., Jingwen, W., & Quipeng, L. (2024). The Resilience and Renewal Strategies Employed by Macau’s Small Businesses to Survive and Thrive During the Covid-19 Crisis: A Comprehensive Review. International Journal of Advances in Business and Management Research (IJABMR), 1(4), 1–7. https://doi.org/10.62674/ijabmr.2024.v1i04.001

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Article Contents

Indexed In

 

Journal title

International Journal of Advances in Business and Management Research (IJABMR)

ISSN (online)

2584-1718

Publisher's name

Swami Vivekananda Global Academy, India

Established Since

2023

Email Id

info@ijabmresearch.org

DOI Prefix

10.62674/ijabmr

Peer Review

Double Anonymous Peer Review

Licensing

CC BY-NC-ND

Open Access

Yes

 

Indexed In








Score: 6.038










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