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Toward a Business Resilience Framework for Startups

1
School of Business and Management, Bandung Institute of Technology, Bandung 40132, Indonesia
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School of Economics and Business, Telkom University, Bandung 40257, Indonesia
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Faculty of Business, President University, Bekasi 17550, Indonesia
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Wellington School of Business and Government, Victoria University of Wellington, Wellington 6011, New Zealand
*
Author to whom correspondence should be addressed.
Academic Editor: Carlos Rodríguez Monroy
Sustainability 2021, 13(6), 3132; https://doi.org/10.3390/su13063132
Received: 11 January 2021 / Revised: 16 February 2021 / Accepted: 5 March 2021 / Published: 12 March 2021
(This article belongs to the Section Economic and Business Aspects of Sustainability)
Covid-19 has had a significant impact on the disruption of the global economic sector, including for startup businesses. This encourages entrepreneurs to carry out a continuous innovation process to become more ambidextrous and continue to innovate in an effort to futureproof their business. The paper aims to provide a business resilience framework by exploring capability (innovation ambidexterity, dynamic capability, and technology capability), behavior (agile leadership), and knowledge (knowledge stock) in startup businesses. This study uses a literature review synthesis to gain a greater understanding of startup resilience and its implementation. This study also uses a case study approach in building a framework by obtaining data from semi-structured interviews with three startups owners in Indonesia. This preliminary research has identified four propositions that will be used to develop questionnaires and data collection instruments. Thus, this study provides new insights on how startups can overcome contradictory pressures for business resilience in anticipating, dealing with, and emerging from business turbulence due to the Covid-19 pandemic by considering the factors proposed in this study. The implications and recommendations of this study are also discussed in detail. View Full-Text
Keywords: agile leadership; business resilience; Covid-19; dynamic capability; innovation ambidexterity; knowledge stock; startup; technology capability agile leadership; business resilience; Covid-19; dynamic capability; innovation ambidexterity; knowledge stock; startup; technology capability
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MDPI and ACS Style

Aldianto, L.; Anggadwita, G.; Permatasari, A.; Mirzanti, I.R.; Williamson, I.O. Toward a Business Resilience Framework for Startups. Sustainability 2021, 13, 3132. https://doi.org/10.3390/su13063132

AMA Style

Aldianto L, Anggadwita G, Permatasari A, Mirzanti IR, Williamson IO. Toward a Business Resilience Framework for Startups. Sustainability. 2021; 13(6):3132. https://doi.org/10.3390/su13063132

Chicago/Turabian Style

Aldianto, Leo, Grisna Anggadwita, Anggraeni Permatasari, Isti Raafaldini Mirzanti, and Ian O. Williamson. 2021. "Toward a Business Resilience Framework for Startups" Sustainability 13, no. 6: 3132. https://doi.org/10.3390/su13063132

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