Journal of Entrepreneurship and Business Resilience

RESILIENCE AND EMPOWERMENT WOMEN IN BUSINESS DURING THE COVID 19 PANDEMIC IN SERBIA

2023-06-24T16:10:47+02:00

The COVID-19 pandemic has presented opportunities for women entrepreneurs to adapt and innovate their way of working in response to changing business conditions. This paper discusses literature review as a methodology for conducting research. Also, we used own qualitative research in relation to potential future directions. The main aim of our study was to further nuance our understanding of the COVID-19 crisis results as a challenge for women's entrepreneurial ventures in Serbia. In addition, the goal was to determine what kind of support was provided to women in business in order to survive in crisis conditions, as well as to strengthen their resilience.

FARMERS’ PERCEPTIONS ABOUT BAU-STR DRYER: A GENDER-SENSITIVE ANALYSIS IN BANGLADESH

2023-06-24T16:17:31+02:00

The study was conducted to determine the socio-demographic traits of farmers who used the BAU-STR dryer to dry their paddy, evaluate howgender-based farmers perceived the technology, and determine the challenges farmers experienced while implementing postharvest technology. Data were gathered from 132 sample farmers in Bangladesh's Mymensingh, Netrokona, Barishal, and Jhalakathi districts between the months of January and February 2022 using the purposive sampling technique. The sample farmers were interviewed face-to-face using a semi-structured questionnaire to gather data, which was then evaluated using descriptive statistics, the Gender Perception Index (GPI), and the Problem Confrontation Index (PCI). Results of the descriptive analysis revealed that32% of male farmers were 25- 34 years and 27% of them had 11-20 years of farming experience. 41% of female farmers belonged to the age categoryof 35-44 years and 38% of them had 21-30 years of farming experience. 30% of male and 47% of female respondents completed primary education only. About 92% of female and only 27% of male respondents received microcredit. About 95% of females participated in the paddy drying task, in which only 56% of males participated. 69% of sample farm households belonging to small farm sizes and 45% of them had medium annual income. The GPI discovered that while both male and female respondents had favorable opinions of the BAU-STR dryer's technological advantages, there were notable disparities in how they decided to employ technology and how much money to spend. The PCI determined that the main obstacles to implementing new postharvest technology were a lack of sufficient finance, high-interest rates, and small land sizes. According to the study's findings, utilizing women-friendly postharvest technologies might reduce postharvest losses, increase household income, raise living standards, andboost the nation's food security situation.

BUILDING RESILIENCE OF FISHERY AND CHANGING LIVELIHOOD STATUS OF THE FISHERMEN IN BANGLADESH

2023-06-24T16:28:51+02:00

The agricultural sector faces various challenges, including climate change, natural disasters, diseases, and water pollution. Resilience is essential for fish farming in Bangladesh as the sector is vulnerable to a range of environmental, social, and economic stresses. In line with this, building resilience is critical for the long-term sustainability of fish farming in Bangladesh. This study was conducted to assess the significance of fish farming in changing the livelihood status of the fishermen in Mymensingh district of Bangladesh. Our article is based on information collected from randomly selected sixty fishermen. Research used a well-structured questionnaire from July to December 2017. The survey identified that fishermen faced various problems such as social, economic, and technical ones. In our study was discovered that mostly of respondents had lack of capital, and illiteracy on fish farming. However, there is few institutional supports. The study revealed that fish farming firmly had a significant contribution in changing livelihood status of the fishermen in the study area.

BUSINESS CONTINUITY AND STRATEGIC RESILIENCE IN HIGH-CONTEXT CULTURES: A CASE OF AN ASIAN INSURANCE INTERMEDIARY

2023-06-24T16:36:37+02:00

The study analyses Thenextgen Advisory, an insurance intermediary located in Penang, Malaysia, with a specific emphasis on its franchise model and innovative sales strategies. The findings have shown five problematic areas - systems and processes, culture, human capital, leadership styles, and organisational climate - which require strategic decisions and practices to maintain dynamic capabilities in the face of environmental changes while also accessing qualitative resources. To achieve strategic resilience, the implementation of matrix structures to transform organisational processes is pivotal in this case. This involves focusing on open communication systems, technological diversity, interactive control, and embracing low-context cultures to foster adaptive innovation andclear communication. The use of affective commitment and integrated transformational leadership styles is critically suggested to inspire employees with organisational purposes.

These strategies will enable the organisation to sustain its dynamic capabilities during environmental changes while achieving superior competitive advantages.

DIFFERENCES IN RESILIENCE TO PROBLEMS OF WORK AT HOME IN FOUR COUNTRIES OF THE WESTERN BALKANS

2023-06-24T16:40:42+02:00

This research at the adequate samples comprising of 408 respondents from Serbia, 201 from Montenegro, 221 from Northern Macedonia and 201 from Bosnia and Herzegovina, the authors described psycho-social phenomena contributing to greater or lesser resilience in resolving problems, connected to work at/from home. In addition, differences and similarities among countries are examined and certain explanations on these differences are provided. The main conclusion is the psycho-social factors are connected with good resilience, which authors explain primarily as the fact that in social and economic context (great unemployment rate and insecure employment, low and insecure wages, poor exercise of social rights, undeveloped market, low level of consumerism, insufficient development of infrastructure regarding development of information and communication technologies, etc.) respondents feel socially privileged. Those privileges are perceived in professional autonomy, better wages, as well as better control and planning of professional future. Among countries, there are significant differences; and the greatest differences are between respondents from Montenegro and all the others. Respondents from Montenegro estimate work at/from home significantly less favorable than all the others; they have less time for activities and hobbies, they can pay less attention to family and partner, and they find it more difficult to separate work from personal life, they show greater tension and anxiety in work, they sleep badly, and family and friendssupport them less than all the others. Jobs that are significantly below their professional education seem to be demotivating. Respondents from Northern Macedonia provided similar answers to these, whilst respondents from Serbia and Bosnia and Herzegovina showed much more optimistic image. The authors explain these differences by specific anachronistic collective and psychological patterns, generating strong individual and group narcissism and decrease potentials for resilience to problems connected to work at/from home.

RESEARCH ON ENTREPRENEURSHIP IN THE FUNCTION OF RESILIENCE IN SERBIA

2023-06-24T16:45:32+02:00

In order to survive on the market, business entities must not be insecure, determine the way of doing business only in accordance with previous experiences and follow paths that have already beentrodden. If they refuse to research and make any changes in the way of organization and work, their products lose the market race. In this paper, we have shown that entrepreneurs in Serbia, despiteall the changes in the environment, do not invest enough in research in order to succeed in being resilient and competitive inthe market. In line with this, the author concluded that a socially responsible, open and proactive approach to business entities is necessary, in order to encourage them to research in order to increase the degree of resilience.

ANALYSIS OF THE ICT SECTOR IN THE FUNCTION OF ENHANCING BUSINESS RESILIENCE

2023-06-24T16:50:56+02:00

In modern business conditions, companies from the ICT sector, which has great potential for the growth and development of the national economy and enhancing business resilience, are increasingly important. From the point of view of future development tendencies, it is important that the structure and quality of the Serbian ICT sector needs to be adapted to the demands of the world market. In developed European countries, which are also the main destinations of Serbian ICT exports, the competitive conditions are getting tougher, so survival and improvement of the position in such markets implies investing additional efforts to raise the level of competitiveness. The permanent development of knowledge, creativity and innovation is the starting point for the growth and success of these companies and an important tool for achieving competitiveness, which is especially evident in the conditions of global and international business. Most of the companies in the ICT sector are micro and small businesses. What characterizes the largest number of ICT companies, especially those whose main activity is software development, are high costs of human resources due to the specific activity that requires a highly educated, professional and trained personnel profile. Investing in human resources in the ICTsector should be a strategic commitment that leads to stable business and increased profitability.

MEASURING SYSTEMIC BANKING RESILIENCE: A STRESS TESTING APPROACH

2023-06-24T17:04:08+02:00

In accordance with regulatory requirements, banks should perform stress tests on their regulatory basis as well as their economic capital. The variety of stress tests is not crucial and is most often a technique, as an input for determining the form and size of the required bank capital. Another reason for differentiating stress tests is the division into performed and non- performing loans, as their respective capital requirements follow different rules. Special stress tests will be made for defaulted loans, loss provisions. Therefore, the following cases should be considered for stress testing: - Executed loans get a lower grade but achieve executed loans - economic capital assessment includes updating risk parameters;- Performed loans are downgraded and become nonperforming loans - commissions must be assessed including net exposures calculated with LGD; and - Deterioration of non-performing loans - commissions mustincrease based on changing LGD (decrease in LGD).A typical way of categorizing stress tests can be taken from market risks. The most important way of classifying stress tests is through methodology. One can distinguish stress tests with respect to techniques in statistics and model-based methods, and with consideration of conceptual elaboration in sensitivity analysisand scenario analysis.

REVIEW OF MIRJANA RADOVIĆ-MARKOVIĆ's BOOK “RESEARCH METHODOLOGY IN ECONOMIC SCIENCES”

2023-06-24T17:11:15+02:00