Entrepreneurial Resilience and Market Turbulence in SMEs

Abstract

Entrepreneurial resilience is a recent topic and is widespread in scientific research, especially when associated with periods of instability and crises. This chapter aims to analyze the relationship between the variables open-mindedness (OM), entrepreneurial resilience (ER), market turbulence (MT), and overall performance (OP) in SMEs located in the legal amazon. Data collection coincided with the pandemic of COVID-19, with 384 SME managers participating. The sample was analyzed using structural equation modeling (SEM). The results suggest mediation of the variable ER on the relationship between OM and OP, and moderation of the variable MT on OM and ER. The research's originality is attested by the model's empirical relationships, research context, and adverse scenario provided by the COVID-19 expansion. The practical implications indicate that managers should pay more attention to the variables investigated through the creation of new skills and competencies necessary for entrepreneurial activity in periods of economic crisis and market turbulence.