Entrepreneurs’ Behaviors in Politically Unstable Countries: An Entrepreneurial Effectuation Theory Perspective
Source of Publication
International Journal of Interdisciplinary Organizational Studies
Political instability is highly prevalent in today’s world. This has become especially remarkable following the COVID-19 pandemic. Yet political instability as a context remains markedly underresearched in the management literature, especially in relation to entrepreneurship, a significant contributor to a country’s economic activity. This conceptual article refers to four principles of entrepreneurial effectuation theory (the Lemonade principle, the Crazy Quilt principle, the Bird in Hand principle, and the Affordable Loss principle) to offer a typology of entrepreneurs’ behaviors in contexts of political instability. This typology draws from and extends the exit–voice–loyalty–neglect (EVLN) framework to the microlevel entrepreneurship literature. Theoretical and practical implications are discussed.
Common Ground Research Networks
Entrepreneurial Effectuation Theory, Entrepreneurs, Exit–Voice–Loyalty–Neglect Framework, PoliticalInstability
Ahmed, Rawia; Eramudugoda, Randika; and Riyami, Said Al, "Entrepreneurs’ Behaviors in Politically Unstable Countries: An Entrepreneurial Effectuation Theory Perspective" (2023). All Works. 5998.
Indexed in Scopus