Every human endeavour, every achievement, every success and every worthwhile effort is based on the invaluable and indispensable support of many individuals known and unknown. The credit of the endeavour by and large may go to a single individual, but it is implied that it would not have been possible without the various kinds of support provided by others. Similarly, for this research work, I am indebted to many people and with all the humility I accept that words fail me to express gratitude for all their help. To acknowledge their invaluable contribution is a humble effort in the direction of expressing the feeling that this research work owes a lot to them and I feel honoured, privileged and fortunate for the support.
Oftentimes, the owners and entrepreneurs whose small businesses are undergoing financial problems suffer high emotional costs. These individuals can experience significant setbacks in their entrepreneurial journeys as well as depression and other negative emotions from the stress of crisis episodes. However, businesses that are in crisis also provide valuable learning opportunities for adapting and changing in order to successfully face future challenging situations. Cases on Small Business Economics and Development During Economic Crises presents a diverse range of perspectives and insights into global developments in entrepreneurship and captures a diverse collection of methodologies and outcomes from various countries in the realm of small business economics and their development. Including case studies that discuss the COVID-19 pandemic, risk management, and entrepreneurial resiliency, this case book serves as an excellent companion for entrepreneurs, small business owners, managers, executives, economists, business professionals, academicians, students, and researchers.
Analyzes the failure of large scale industrial development and tied foreign aid to improve employment, especially in rural areas. Finds that small-scale and cottage industries are best suited to meet demands of local markets.