Journal of Entrepreneurship and Business Resilience https://jebr.fimek.edu.rs/index.php/jebr <p>Journal of Entrepreneurship and Business Resilience (JEBR) is dedicated to fostering research, analysis and study concerning the Entrepreneurship and Business Resilience. The Journal accepts papers written by Proffesors, young researchers and PhD students in order to better involve them in academic publishing.</p> <p>JEBR was founded in 2018 by professor Mirjana Radović-Marković, PhD. Faculty of Economics and Engineering Management in Novi Sad has published the Journal since 2018. Entrepreneurship and economic resilience are two seemingly different issues which are inherently connected. Economic resilience is an emerging field which has been applied to study economic performance and responsiveness to external shocks in different regions. Shocks such as financial crisis which have been faced by entrepreneurial actions in the economic history of the regions; however, the entrepreneurship-economic resilience nexus is recently drawing the attention of scholars and policy makers. This approach, more specifically, could pave the way for those societies which are following economic resilience policies to handle their economic issues.</p> <p>Since 2022., the journal has listed within the reference list of the Ministry of Education, Science and Technological Development of Serbia (code M52).</p> <p><a href="https://mpn.gov.rs/wp-content/uploads/2022/10/Lista-naucnih-casopisa-domacih-izdavaca-za-2022.pdf" target="_blank" rel="noopener">https://mpn.gov.rs/wp-content/uploads/2022/10/Lista-naucnih-casopisa-domacih-izdavaca-za-2022.pdf</a></p> <p>Objective and Mission: The main objective of the journal is to fill the existing knowledge gap within the fields of entrepreneurship and economic resilience. In spite of the raising interest in this field, there are very few sources of research for this subject, especially in the field of entrepreneurship-economic resilience nexus.</p> en-US [email protected] (Ph.D. Mirjana Radović Marković) [email protected] (Ph.D. Dusan Markovic) Thu, 28 Dec 2023 22:04:52 +0000 OJS 3.3.0.13 http://blogs.law.harvard.edu/tech/rss 60 A THEORETICAL REVIEW OF ORGANIZATIONAL RESILIENCE: CONTRIBUTIONS AND SCOPE CONDITIONS https://jebr.fimek.edu.rs/index.php/jebr/article/view/104 <p><em>Studying resilience from different aspects involves examining it from various perspectives and disciplines. Theories of resilience are essential for improving our understanding of human and organizational adaptation and guiding efforts to enhance resilience at the individual, community, and societal levels, ultimately contributing to better mental health, disaster preparedness, and overall well-being. </em><em>The aim of our literature review is to i</em><em>nvestigate resilience in the context of workplaces and organizations, including how leaders and management can foster resilience among employees.</em></p> Mirjana Radović-Marković Copyright (c) 2023 https://creativecommons.org/licenses/by/4.0 https://jebr.fimek.edu.rs/index.php/jebr/article/view/104 Thu, 28 Dec 2023 00:00:00 +0000 CLIMATE CHANGE EFFECTS ON LIVELIHOOD RESILIENCE OF HAOR PEOPLE IN MONHANGANJ UPAZILLA https://jebr.fimek.edu.rs/index.php/jebr/article/view/105 <p><em>Bangladesh is widely recognized as one of the most climate vulnerable countries in the world. The study analyzed the effects of climate change and explores prevailing adaptation strategies taken by haor famers at locale level. This study aims to document the impact of climate on the livelihood and food security of Haor farmers and identify relevant forces and factors contributing to it and identify appropriate adaptation policies and programs that support the most vulnerable and food insecure communities affecting the lives and livelihoods of Haor area Primary data were collected through field visit, questionnaire survey, FGD and KII. A purposive random sampling method was applied for selecting 60 from different households in 8 villages located in and around Diggaputa Haor at Mohonganj Upazilla. Data has been presented mostly in the tabular form, some statistical measures like average, percentage, ratios, and regression analysis calculated to arrive at expected findings. Home stead area is the highest (12.5%) in Etniyakhalipur compared to others areas. Cultivated land and pond area is highest around 66.7% and 28.9% in Pabui. Also, the average farm size and annual income of Pabui respondent is greater than other respondents which is 143.3 decimal &amp; 93% from agricultural crop production. Other respondents are affected by climatic hazards like flood plains, cyclones, drought etc. That’s why, most of the respondents are dependent on various sources like livestock and poultry, fisheries, business, labour and others. It has been observed from interview data that flood (100%) is the major factor affecting agricultural productivities in the haor area whereas drought, cyclone and others is 80%, 80% and60% respectively. Also, perception of food consumption and food insecurity in terms of seasonal deficit especially dry lean periods is 100%. After natural disaster, the access of food is 100% and pure drinking water from tube-well (100%), Pond water (40%), Rain water (80%) which causes various kinds of water borne disease. According to case study, it has been observed that natural disasters have negative effects on their family income where around 60% said during the last five years natural disasters occurred 3 -5 times around the years. Compare to degree of suffering natural disasters, it has found that the degree of suffering before natural disaster in extreme and moderate level was 80% and 20% respectively and now the degree of suffering after natural disaster is extreme level (100%) which proves that climate change affects Haor people’s livelihoods. In the perception level of flood as a phenomenon of climate change of the selected communities is 100% which cause 20% respondents to change in crop calendar and 40% population to switching their job. Due to flood, the selected community are affected by property loss, diseases and changing crop production pattern. The second perception level is cyclone and potable water crisis which is around 80%. Cyclone has devastating effect on the communities which make their lives more vulnerable along with floods. Due to cyclone, 60% respondent has repaired/reconstructed their house. </em><em>Due to heavy rainfall sometimes, the poor people have </em>to repair/reconstruct their house (40%) and most of the respondent follow the weather forecast around 60% as a adaptation strategies. It has been recorded that due to drought as a vulnerability context, the migration level is around 20%.</p> Kabir Md. Shajahan, Raghu Bir Bista Copyright (c) 2023 https://creativecommons.org/licenses/by/4.0 https://jebr.fimek.edu.rs/index.php/jebr/article/view/105 Thu, 28 Dec 2023 00:00:00 +0000 THE FOCAL ROLE OF RISK FUNCTION IN BANKS DURING STRESS TESTING AND EFFECTS ON ORGANIZATIONAL PERFORMANCES https://jebr.fimek.edu.rs/index.php/jebr/article/view/106 <p><em>One of the risk management tools that enable a better understanding of the bank's risk profile and its resistance to internal and external shocks is stress testing. Bank-level stress tests should be incorporated into the bank's risk management system and include the views of all relevant bank employees with their expert judgments. Through effective, soundness and transparent stress testing (which became one of the regulatory requirements in the jurisdiction of each central bank), banks preventively take insight into the key values of its business in case of emergence of unpredictable and extraordinary events. Such stress testing considers creation of adequate infrastructure in banks and upon the efficiency level of established stress testing program depend the realization of main organizational objectives. Regular conducting of stress testing in predefined frequency as well as its realization within internal capital adequacy assessment process and recovery plan processes in banks lead to effective risk management. In operational terms, the key role for stress testing depends upon risk function and its organization in the bank. Also, stress testing outcomes could lead to taking further actions in case of emergency in order to provide continuous and sustainable business on long run.</em></p> Vladimir Mirković, Jelena Lukić Nikolić, Branislav Dudić Copyright (c) 2023 https://creativecommons.org/licenses/by/4.0 https://jebr.fimek.edu.rs/index.php/jebr/article/view/106 Thu, 28 Dec 2023 00:00:00 +0000 THE RESILIENCE OF FAMILY FIRMS: CASE STUDY OF SMUCKER’S AND ITS HISTORY OF INNOV ATION AND FAMILY VALUES https://jebr.fimek.edu.rs/index.php/jebr/article/view/107 <p><em>This paper is aimed to look at the astonishing growth of the J.M. Smucker Company. It takes a look at the beginning that shows how Jerome Monroe Smucker transformed his family recipe into a multibillion-dollar company with a wide arrange of products. Specifically, this paper takes a look at the foundation of the company and how the core values that were set forth in the very beginning, still hold true to this day. While many companies seem to have a revolving door of employees and management, the Smucker’s have been operating this business from the beginning. The company is their family and their unique management style makes their employees feel the same way. While they do produce quality products and goods, it is truly believed that it is the core values and the people that really push the overall growth of the company and increase its resilience. The analysis shows that family-run businesses may employ family social capital in retrospective and prospective ways. A retrospective approach involves targeted and conservative uses of family social capital, wherein the aim is to maintain organizational functioning and return to “business as usual”. In contrast, a prospective approach employs these resources in a more strategic and flexible way to adapt to a “new” future.</em></p> Scott Nealon Copyright (c) 2023 https://creativecommons.org/licenses/by/4.0 https://jebr.fimek.edu.rs/index.php/jebr/article/view/107 Thu, 28 Dec 2023 00:00:00 +0000 EMPLOYEE RESILIENCE AND LEADERSHIP STYLES https://jebr.fimek.edu.rs/index.php/jebr/article/view/108 <p><em>Employee resilience and leadership styles are closely interconnected in the workplace. Resilience refers to an individual's ability to bounce back from setbacks, adapt to change, and thrive under pressure. Leadership styles, on the other hand, describe how leaders approach their roles and interact with their teams This paper dives into the topic of leaders, whether they be charismatic or non-charismatic. It describes five attributes that describe a charismatic leader and how that sets them apart from other types of leaders. The paper also describes the global and leadership tasks that leaders need to complete in order to be successful. The goal of this paper is to describe leadership styles and their significant role in shaping employee resilience. Leaders who create a supportive, empowering, and positive work environment tend to nurture resilient teams. Authors concluded that it's essential to recognize that individuals vary in their resilience levels, and a combination of leadership styles may be needed to support a diverse workforce effectively.</em></p> Manoj Kumar Mishra, Kemal Yildirim, Christo Kaftandjiev Copyright (c) 2023 https://creativecommons.org/licenses/by/4.0 https://jebr.fimek.edu.rs/index.php/jebr/article/view/108 Thu, 28 Dec 2023 00:00:00 +0000 MULTI-GENERATIONAL, DIVERSE AND RESILIENT WORKFORCE https://jebr.fimek.edu.rs/index.php/jebr/article/view/109 <p><em>Organizations need to be more resilient than ever to respond to high global economic instability and changing worker and customer expectations. In today’s workforce, there are multiple generations all competing for the same position. Baby boomers, Gen Xers, and millennials each have their own values. Baby boomers are seen as experienced workaholics that won’t retire, leaving no room for other generations to advance in their careers. Gen Xers are seen as great managers without a demanding presence. These older generations are seen as the “sandwich-generation” and are financially burdened with being responsible for both their children, and their parents. Millennials are seen as tech-savvy employees that don’t want to work on a team. Despite these challenges, managers can make everyone feel included by avoiding stereotypes, communicating effectively, and respecting boundaries.</em></p> Michelle Dorio Copyright (c) 2023 https://creativecommons.org/licenses/by/4.0 https://jebr.fimek.edu.rs/index.php/jebr/article/view/109 Thu, 28 Dec 2023 00:00:00 +0000 TOWARDS THE RESILIENT REGION: SIGNIFICANCE AND APPROACH IN REGIONAL POLICY PLANNING AND REGIONAL DEVELOPMENT IN THE PROCESS OF SERBIA ACCESS TO THE EUROPEAN UNION https://jebr.fimek.edu.rs/index.php/jebr/article/view/110 <p><em>The authors analyse the importance and approach in regional policy planning and regional development in the process of Serbia's accession to the European Union, through regional policy planning at the national level, the need to open Chapter 22, which is dedicated to regional policy and the management of structural funds. The paper deals with the analysis of regional development in Serbia, the need to define regional development policy.</em></p> <p><em>By defining ten pillars of regional policy,the authors analyse and provide a framework for establishing and implementing regional policy in Serbia. Based on the analysis, the possible goals and priorities of Serbia's regional policy are determined.</em></p> Sofija Radulović, Dejan M. Radulović Copyright (c) 2023 https://creativecommons.org/licenses/by/4.0 https://jebr.fimek.edu.rs/index.php/jebr/article/view/110 Thu, 28 Dec 2023 00:00:00 +0000