Abstract
Abstract The usual and rather linear functioning of a country’s economic and social structures is mandatory for setting stable grounds towards wellbeing. However, disruptions may appear in the ordinary flow of a community and produce a new order of action, prompting social ecosystems to focus on core operations. The COVID-19 pandemic, that has profoundly affected humanity in 2020 on multiple channels, has imposed a novel strategic thinking both for individuals and businesses, demanding an enhanced societal approach more than ever. Faced with such a major crisis, known in literature as a “black swan” event, social enterprises must show developed capabilities, flexibility and proactivity. Given the inaccurate evidence of social enterprises activating in Romania and of the limited studies focusing on their risk-response behavior, the paper explores the impact triggered by the COVID-19 pandemic over social entrepreneurship and in particular on Romanian social enterprises. To investigate the ability of these entities to successfully cope with this groundbreaking challenge, the paper firstly performs a literature review analysis on the reorganization of the social and economic sphere, in light of the pandemic. Furthermore, it approaches the challenges posed by the pandemic on traditional and social entrepreneurship, together with their reshaping of organizational resilience. Building on literature review and on document analysis of reports regarding essential actions to be embraced to maintain stability during the COVID-19 crisis, issued by renowned consultancy companies and organizations supporting social enterprises, the paper formulates an instrument for mapping the ability of Romanian social enterprises to overcome the pandemic threats.
Highlights
The appearance and steady rise of the COVID-19 pandemic in the early months of year 2020, has generated an unforeseen set of changes both at community scale, for individuals and businesses, as well as at the global level
To gather reports rendering relevant information in supporting the research goal, several search keywords were employed, for instance “organizational resilience in the pandemic”, “business continuity in the pandemic”, “crisis management COVID-19”, “entrepreneurship challenges COVID-19”, “social entrepreneurship challenges in the pandemic”, “social enterprise resilience during COVID-19”
The COVID-19 pandemic triggered significant changes worldwide, and the negative impact was severe in the business environment, requiring immediate decisions to counteract the emerged disruptions
Summary
The appearance and steady rise of the COVID-19 pandemic in the early months of year 2020, has generated an unforeseen set of changes both at community scale, for individuals and businesses, as well as at the global level. To highlight these pressing matters, a report of McKinsey (2020) notes the separation between the old approach to life, before the pandemic, and the so-called “new normal”, a behavioral shift from old economic and societal habits towards something previously unthought to happen in such a reduced time frame, through reverberations such as food insufficiency, companies’ bankruptcy and border closure (Rambaree & Nässén, 2020). Other instruments relevant for their wellbeing during crisis are human resource orientation expressed through an open thinking environment (Amis & Janz, 2020) and R&D and innovation (Roper & Turner, 2020)
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