Walking the tightrope amidst crises: Juggling between causation and effectuation logics to achieve resilience. Responses of hospitality Italian SMEs during Covid-19 lockdown

Delladio, Silvia, Caputo, Andrea, Pellegrini, Massimiliano Matteo and Magrini, Alessandro (2022) Walking the tightrope amidst crises: Juggling between causation and effectuation logics to achieve resilience. Responses of hospitality Italian SMEs during Covid-19 lockdown. In: European Academy of Management 202, 15-17 June 2022, Winterthur, Switzerland.

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Item Type:Conference or Workshop contribution (Presentation)
Item Status:Live Archive

Abstract

Covid-19 pandemic has profoundly affected the whole international and global system. This event was unforeseeable and the consequent crisis was of an exogenous nature. For this reason, entrepreneurs had to adopt decisions and actions to counter-balance unexpected contingencies. In particular, we inquired what were the entrepreneurial decision-making logics adopted during the lockdown related to the Covid-19 pandemic. We used the well-established approach of effectuation and causation to determine their contribution to the ability of an SMEs to be resilient during that period. Using a Partial Least Squares Structural Equation Modelling technique (PLS-SEM) and Necessary Condition Analysis (NCA) we were able to that assess that both decision-making logics have an impact on how entrepreneurs reacted to crisis. Specifically, effectuation seems to improve the agility of the SME; complementarily, causation also is important to improve preparedness. Both agility and preparedness are positively connected to resilience. Our study expands research on causation and effectuation and provides support to the modern stream of literature according to which the two are complementary approaches.

Keywords:Entrepreneurial decision-making, resilience, covid-19, hospitality, SMEs, Italy
Subjects:N Business and Administrative studies > N200 Management studies
Divisions:Lincoln International Business School
ID Code:52818
Deposited On:16 Feb 2023 12:05

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