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All Journal Technopreneurship and Educational Development Review (TENDER)
Hendrik, Nitaniel
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Education Languange, Linguistic, Communication & Media Mathematics Social Sciences Other

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Journal : Technopreneurship and Educational Development Review (TENDER)

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THE RELATIONSHIP BETWEEN ENTREPRENEURIAL MINDSET AND THE ADAPTABILITY AND RESILIENCE OF BUSINESS OWNERS DURING ECONOMIC CRISES Hendrik, Nitaniel; Ala, Helda Marlin; Fanggidae, Herny Constantia; Manafe, Mesri Welhelmina Nisriani
Technopreneurship and Educational Development Review (TENDER) Vol 1 No 3 (2024): October 2024
Publisher : PT. LITERASI SAINS NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61100/tender.v1i3.224

Abstract

This study aims to analyze the relationship between entrepreneurial mindset and the adaptability and resilience of business owners in facing economic crises. Using a qualitative literature review method with descriptive analysis, the research examines 25 selectively chosen articles from a pool of 50 identified through Google Scholar spanning 2001–2024. The findings reveal that an entrepreneurial mindset—characterized by risk-taking, creativity, and opportunity recognition—significantly contributes to the success of business owners in adjusting strategies and enduring economic pressures. Case studies, such as Kopi Kenangan, Rumah Makan Padang Sederhana, and Javara Indonesia, highlight the importance of an entrepreneurial mindset in supporting business adaptability and resilience. However, challenges such as limited access to training and financial constraints remain significant barriers to developing entrepreneurial mindsets among SME owners. This study recommends strengthening entrepreneurial training programs, expanding access to financing, and fostering collaboration among governments, educational institutions, and business owners to enhance SMEs' competitiveness during economic crises.
Co-Authors Ala, Helda Marlin Herny Constantia Fanggidae Mesri Welhelmina Nisriani Manafe