top of page
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute

Economics and Business

Quarterly Reviews

ISSN 2775-9237 (Online)

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
crossref
doi
open access

Published: 10 December 2024

Factors Affecting Business Recovery from External Shocks (Marawi Siege and COVID-19 Pandemic): The Case of a Social Enterprise in Marawi City, Philippines

Richard S. Celeste, Pamela F. Resurreccion

MSU-Iligan Institute of Technology, Philippines

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, management journal

Download Full-Text Pdf

doi

10.31014/aior.1992.07.04.634

Pages: 243-250

Keywords: Business Recovery, External Shocks, Marawi Siege, COVID-19 Pandemic, Adaptive Resilience

Abstract

Social enterprises are vulnerable during disasters due to their dual mission of fulfilling social and economic impact. This study explored the factors influencing business recovery from external shocks, focusing on a social enterprise which endured the Marawi Siege and COVID-19 pandemic. A qualitative approach was employed, utilizing in-depth interviews and thematic analysis. The data were meticulously coded and categorized into themes using Braun and Clarke’s framework. Adaptive resilience, the ability to adapt and innovate in response to challenges, emerged as the central theme, helping the social enterprise to navigate challenges posed by external shocks. Moreover, government support such as financial aid, sponsored product exhibits and capability-building programs, greatly influenced business recovery, confirming the importance of a supportive regulatory environment. Also, establishing business connections with government entities and non-government organizations provided resources, information and technical support that expedited business recovery. Hence, the study highlighted the evolving nature of business resilience in disasters and the findings presented valuable learning insights for social enterprises and policymakers hoping to enhance disaster preparedness and business recovery strategies.

References

  1. Aluko, T. O., & Bayai, I. (2023). Grant amount and firm revenue performance: Moderating effects of government financial support scheme. Eurasian Journal of Business and Management.

  2. Braun, V. & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3, 77-101.

  3. Brown, N. A. C., Orchiston, J. E., Rovins, S., Feldmann-Jensen, S., & Johnston, D. (2018). An integrative framework for investigating disaster resilience within the hotel sector. Journal of Hospitality and Tourism Management, 36, 67–75. https://doi.org/10.1016/j.jhtm.2018.07.003

  4. Chen, X., Wei, S., Davison, R., & Rice, R. (2019). How do enterprise social media affordances affect social network ties and job performance? Information Technology and People, 33(1), 361–388. https://doi.org/10.1108/ITP-04-2018-0210

  5. Chen, Z., Zhu, W., Feng, H., & Luo, H. (2022). Changes in corporate social responsibility efficiency in Chinese food industry brought by COVID-19 pandemic—a study with the super-efficiency DEA-Malmquist-Tobit model. Frontiers in Public Health. https://doi.org/10.3389/fpubh.2022.848368

  6. Choi, D., & Berry, F. S. (2020). Can infused publicness enhance public value creation? Examining the impact of government funding on the performance of social enterprises in South Korea. The American Review of Public Administration, 51(3), 167–183. https://doi.org/10.1177/0275074020974052

  7. Cope, D. G. (2015). Case study research methodology in nursing research. Oncology Nursing Forum, 42(6), 681–682. https://doi.org/10.1188/15.ONF.681-682

  8. Fonfara, K., & Ratajczak-Mrozek, M. (2021). Firm’s network position and business performance. Gospodarka Narodowa. The Polish Journal of Economics, 306(2), 51-66. https://doi.org/10.33119/GN/134628

  9. Gligah, B. K., & Zaidin, N. (2023). Nexus of government support, product innovation capability, and organizational performance of manufacturing SMEs in Ghana.

  10. Huang, K., & Wang, K. Y. (2011). The moderating effect of social capital and environmental dynamism on the link between entrepreneurial orientation and resource acquisition.

  11. Kim, T., & Moon, M. (2017). Using social enterprises for social policy in South Korea: Do funding and management affect social and economic performance? Public Administration and Development, 37(1), 15–27. https://doi.org/10.1002/pad.1796

  12. Ko, W., Liu, G., Yusoff, W., & Mat, C. (2019). Social entrepreneurial passion and social innovation performance. Nonprofit and Voluntary Sector Quarterly, 48(4), 759–783. https://doi.org/10.1177/0899764019839151

  13. Lavandoski, J., Pinto, P., Silva, J., & Sánchez, A. (2016). Causes and effects of wine tourism development in wineries. International Journal of Wine Business Research, 28(3), 266–284. https://doi.org/10.1108/IJWBR-12-2015-0052

  14. Lewis, S. (2015). Qualitative inquiry and research design: Choosing among five approaches. Health Promotion Practice, 16(4), 473–475. https://doi.org/10.1177/1524839915580941

  15. Marczewska, M. (2023). Digital transformation: A challenging opportunity for the food industry companies. British Food Journal, 126(5), 2027–2040. https://doi.org/10.1108/BFJ-06-2022-0515

  16. Rajah, N., Amran, A., & Cheah, J. (2023). Determinants that enhance resilience and performance of social enterprises in Malaysia: A conceptual framework. Journal of Governance and Integrity, 5(3), 297–307.

  17. Ritchie, B., & Jiang, Y. (2019). A review of research on tourism risk, crisis and disaster management: Launching the annals of tourism research curated collection on tourism risk, crisis and disaster management. Annals of Tourism Research, 79, Article 102812. https://doi.org/10.1016/j.annals.2019.102812

  18. Sakib, S. M. N. (2021). How Covid-19 has affected operations and funding relating to social enterprises in Birmingham.

  19. Salem, I. E., Elbaz, A. M., Elkhwesky, Z., & Ghazi, K. M. (2021). The COVID-19 pandemic: The mitigating role of government and hotel support of hotel employees in Egypt. Tourism Management, 85, Article 104305. https://doi.org/10.1016/j.tourman.2021.104305

  20. Sharma, P., Leung, T. Y., Kingshott, R. P. J., Davcik, N. S., & Cardinali, S. (2020). Managing uncertainty during a global pandemic: An international business perspective. Journal of Business Research, 116, 188–192. https://doi.org/10.1016/j.jbusres.2020.05.026

  21. Settembre-Blundo, D., González-Sánchez, R., Medina-Salgado, S., & García-Muiña, F. E. (2021). Flexibility and resilience in corporate decision making: A new sustainability-based risk management system in uncertain times. Global Journal of Flexible Systems Management, 22, 107–132. https://doi.org/10.1007/s40171-021-00266-8

  22. Siche, R. (2020). What is the impact of COVID-19 disease on agriculture? Scientia Agropecuaria, 11(1), 3–6. https://doi.org/10.17268/sci.agropecu.2020.01.00

  23. Simons, M., Ziviani, J., & Copley, J. (2010). Predicting functional outcome for children on admission after burn injury: Do parents hold the key? Journal of Burn Care & Research, 31(5), 750–765. https://doi.org/10.1097/BCR.0b013e3181eed413

  24. Sobaih, A. E., Elshaer, I., Hasanein, A., & Abdelaziz, A. (2021). Responses to COVID-19: The role of performance in the relationship between small hospitality enterprises’ resilience and sustainable tourism development. International Journal of Hospitality Management, 94, Article 102824. https://doi.org/10.1016/j.ijhm.2020.102824

  25. Terzis, L., & Beasley, L. (2023). International student-athletes' psychological and sociocultural adjustment experiences. Advances in Social Work, 22(3), 1116–1140. https://doi.org/10.18060/25988

  26. Weaver, R. L. (2020). The impact of COVID-19 on the social enterprise sector. Journal of Social Entrepreneurship, 14(2), 177–185. https://doi.org/10.1080/19420676.2020.1861476

  27. Xiaowei, J., & Guanhua, W. (2023). How do network ties affect firm performance growth and its variability? The mediating roles of exploratory and exploitative knowledge utilization. Journal of Business Research, 160, Article 113781. https://doi.org/10.1016/j.jbusres.2023.113781

  28. Ye, D., Liu, M., Luo, J., & Yannopoulou, N. (2022). How to achieve swift resilience: The role of digital innovation-enabled mindfulness. Information Systems Frontiers, 26(2), 551–573. https://doi.org/10.1007/s10796-022-10184-z

  29. Zhou, Y., Zhang, L., & Ruo-yu, L. (2022). The impact of network ties on SMEs’ business model innovation and enterprise growth: Evidence from China. IEEE Access, 10, 29846–29858. https://doi.org/10.1109/ACCESS.2022.3142317

bottom of page