Researching the Resilience-building Path for Small and Medium-sized Private Enterprises in the Face of Uncertainty: An Exemplary Case Study Using Path Construction Theory_Vol. 1 No. 2 (JSE 2024)_Journal of Statistics and Economics (ISSN: 3005-5733)

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Researching the Resilience-building Path for Small and Medium-sized Private Enterprises in the Face of Uncertainty: An Exemplary Case Study Using Path Construction Theory

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DOI: https://doi.org/10.62517/jse.202411214

Author(s)

Chengliang Li, Jianhong Huang, Yuxuan Zhang, Quan Zhang

Affiliation(s)

School of Management, Guangzhou City University of Technology, Guangzhou, China *Corresponding Author.

Abstract

Uncertainty shocks have become a significant topic in macroeconomics, especially since the outbreak of the COVID-19, which has severely impacted economies worldwide. This study explores how enterprises can integrate resources and enhance their resilience from the perspective of path construction. Through on-site visits and interview-based research, we constructed a resilience-building path model for small and medium-sized private enterprises using Enterprise A, which has been heavily impacted, as a case study. The study reveals that when facing sudden challenges, enterprises tend to adopt conservative strategies in the short term to maintain their market share, but in the long term, they need to innovate and adjust their path construction. This not only strengthens resilience but also promotes sustainable development.

Keywords

Uncertainty Shocks; Enterprise Resilience; Small and Medium-sized Private Enterprises; Path Construction

References

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