• Igbozuruike Theophilus Onyekwere Pebble Hills University, United States


This paper discussed process of developing strategic plan for resilient entrepreneurs. Also, the article explores the characteristics of a good strategic plan. We therefore argue for a synthesis of the disciplines- entrepreneurship, marketing and organizational management, considering forces and trends in the broader community, political, social and technological forces; consider opportunities and challenges. Research is based on primary and secondary sources of information. Author concluded that Entrepreneurs must be confident, but also open to learning and adjusting their strategies. The ability to adapt and make necessary adjustments is essential for resilience.


Arasa, R., & K’ Obonyo, P. 2012: The relationship between strategic planning and firm performance. International Journal of Humanities and Social Sciences, vol. 2(22), pp. 210 -213.

David, F. R. 2013: Strategic management: Concepts and cases. Harlow: Pearson Education Limited.

Dibrell, C., Craig, J.B., & Neubaum, D. O. 2014: Linking the formal strategic planning process, planning flexibility and innovativeness to form firm performance. Journal of Business Research, vol. 67(9), pp. 1 – 28.

Dutton, J.E., & Duncan, R.B. 1987: The influence of strategic planning process on strategic change. Strategic Management Journal, vol. 8, pp. 103 -116.

Elbanna, S. 2008: Planning and participation as determinants of strategic planning effectiveness: Evidence from the Arab context. Management Decision, vol. 46(5), pp. 779-796.

Elbanna, S. 2009: Determinants of strategic planning effectiveness: Extension of earlier work. Journal of Strategic and Management, vol. 2(2), pp. 175 -187.

Johnson, G., Scholes, K., & Whittington, R. 2006: Exploring corporate strategy. Harlow: Pearson Education Limited

Kotler, P. & Koller, K.L. 2007: Marketing management. Praha: Grada publishing.

Krach ,K. 2022: How To Become A Resilient Entrepreneur. Available at: How To Become A Resilient Entrepreneur (

Mankins, M.C., & Steel, R. 2005: Turning great strategy into great performance. Harvard Business Review, July-August, pp. 65 -72.

Pendev, D., Jakimovski, J., Tasevska, D. 2011: The role of strategic management in the development of entrepreneurial new ventures in the economy of knowledge, Škola biznisa, No.4/2011

Powell, T. C. 1992 Strategic planning as competitive advantage. Strategic Management Journal, vol. 13(7), pp. 551 -558.

Radovic Markovic, M., 2018: Organizational resilience and business continuity: Theoretical and conceptual framework, Journal of Entrepreneurship and Business Resilience, Year I, number 1, pp. 5-11.

Radovic Markovic, M. 2014: Virtual organization and motivational business management, Alma Mater Europaea – Evropski center, Maribor Institute of Economic Sciences, Belgrade.

Radovic Markovic, M. and Salamzadeh, A. 2012: The Nature of Entrepreneurship: Entrepreneurs and Entrepreneurial Activities, LAP LAMBERT Academic Publishing.

Radovic Markovic, M. 2007: New Economy and Global Challenge: Winning Model of Successful Small Business Organizations, Montenegrin Journal of Economics. Economic Laboratory for Transition Research ELIT.,121- 134 pp.

Sarason, Y., & Tegarden, F. 2003: The erosion of the competitive advantage of strategic planning. Journal of Business and Management, vol. 9(1), pp. 1 -21.

Skokan, K., Pawliczek, A., & Pizczur, R. 2011: Strategic planning and business performance of micro, small and medium sized enterprises. Journal of Competitiveness, vol. 5(4), pp. 57 – 72.

Ugboro, I. O., Obeng, K., Spann, O. 2011: Strategic planning as an effective tool of strategic management in public sector organization: Evidence from public transit organizations. Administration and Society, vol. 43(1), pp. 87 – 123.

Volberda, W., H., Foss, J. N., Lyles, A., M. 2010: Perspective—Absorbing the concept of absorptive capacity: How to realize its potential in the organization field, Organization science, vol. 21(4), pp. 931-951

Hosseini, E., Tajpour, M., Salamzadeh, A., Demiryurek, K., Kawamorita, H. 2021: Resilience and Knowledge-Based Firms Performance: The Mediating Role of Entrepreneurial Thinking, Journal of Entrepreneurship and Business Resilience, Vol. 4, No 2. pp. 7-29.




How to Cite

Onyekwere, I. T. (2024). STRATEGIC PLANNING FOR FOSTERING RESILIENT ENTREPRENEURSHIP DEVELOPMENT. Journal of Entrepreneurship and Business Resilience, 7(1), 93–104. Retrieved from