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“I can't get it out of my mind” - Why, how, and when crisis rumination leads entrepreneurs to act and pivot during crises
Journal of Business Venturing ( IF 7.7 ) Pub Date : 2024-04-09 , DOI: 10.1016/j.jbusvent.2024.106395
Bach Nguyen , Hai-Anh Tran , Ute Stephan , Ha Nguyen Van , Pham Thi Hoang Anh

Why do some entrepreneurs pivot their business models in a crisis, while others are more passive? Integrating Conservation of Resources theory with work on crisis rumination, we developed a micro-level model to explain why entrepreneurs who are under strain due to a crisis, as indicated by experiencing crisis rumination, adopt an active approach – i.e., using active coping and engaging in pivoting. Moreover, prevention-focused entrepreneurs who are habitually more sensitive to losses are especially stimulated by crisis rumination to pivot to prevent (further) resource losses. We tested our model in an experiment and an eight-month longitudinal study with entrepreneurs during an inflation crisis.

中文翻译:


“我无法忘却它”——危机反思为何、如何以及何时引导企业家在危机期间采取行动和转向



为什么有些企业家在危机中调整自己的商业模式,而另一些企业家则比较被动?将资源保护理论与危机反思工作相结合,我们开发了一个微观模型来解释为什么因危机而面临压力的企业家(如经历危机反思所表明的那样)采取积极的方法,即采用积极应对和参与的方式在旋转中。此外,习惯性对损失更加敏感的注重预防的企业家尤其会受到危机反思的刺激,转向防止(进一步)资源损失。我们在通胀危机期间对企业家进行了一项实验和为期八个月的纵向研究,测试了我们的模型。
更新日期:2024-04-09
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