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Survival Strategies of Finnish SMEs in the Time of Global Crisis

Myers Alexander; Kuivalainen Olli; Saarenketo Sami; Torkkeli Lasse; Isotalo Akseli

dc.contributor.authorMyers Alexander
dc.contributor.authorKuivalainen Olli
dc.contributor.authorSaarenketo Sami
dc.contributor.authorTorkkeli Lasse
dc.contributor.authorIsotalo Akseli
dc.date.accessioned2022-10-28T13:35:32Z
dc.date.available2022-10-28T13:35:32Z
dc.identifier.isbn978-1-80220-576-3
dc.identifier.urihttps://www.utupub.fi/handle/10024/166066
dc.description.abstract<p>The onset of the COVID-19 pandemic has resulted in a crisis that has impacted international business and entrepreneurship globally. Many small- and medium-sized enterprises (SMEs) have been particularly hard hit, yet many are also finding strategies to survive and even thrive in this “new normal”.  This chapter highlights the survival strategies of SMEs in the small open economy context of Finland where, alike most European countries, international trade has been restricted due to the pandemic. We conduct a qualitative case analysis of five Finnish SMEs across different industry sectors, describing the internal and external changes they have undergone during the crisis, and we also shed light on the strategies and contingency planning they have been employing in order to survive. From the results, it is evident that internationalization remains an opportunity for Finnish SMEs. We conclude the chapter by summarizing our recommendations for SMEs dealing with the current and the next crisis, while also considering the generalizability of those recommendations in environments less stable and developed as the Finnish context.</p>
dc.format.extent15
dc.language.isoen
dc.publisherEdward Elgar Publishing
dc.relation.ispartofseriesNew Horizons in International Entrepreneurship
dc.titleSurvival Strategies of Finnish SMEs in the Time of Global Crisis
dc.identifier.urlhttps://www.elgaronline.com/view/edcoll/9781802205763/9781802205763.00026.xml
dc.identifier.urnURN:NBN:fi-fe2022081154708
dc.contributor.organizationfi=TuKKK:n yhteiset|en=TuKKK:n yhteiset|
dc.contributor.organization-code2608000
dc.converis.publication-id174644634
dc.converis.urlhttps://research.utu.fi/converis/portal/Publication/174644634
dc.format.pagerange291
dc.format.pagerange305
dc.identifier.eisbn978-1-80220-577-0
dc.okm.affiliatedauthorTorkkeli, Lasse
dc.okm.discipline512 Business and managementen_GB
dc.okm.discipline512 Liiketaloustiedefi_FI
dc.okm.internationalcopublicationnot an international co-publication
dc.okm.internationalityInternational publication
dc.okm.typeInbook
dc.publisher.countryUnited Kingdomen_GB
dc.publisher.countryBritanniafi_FI
dc.publisher.country-codeGB
dc.publisher.isbn978-0-85793; 978-1-78100; 978-1-78195; 978-1-78254; 978-1-78347; 978-1-78471; 978-1-78536; 978-1-78643; 978-1-78811; 978-1-78897; 978-1-78990; 978-1-80037; 978-1-80088; 978-1-80220; 978-1-83910; 978-1-84064; 978-1-84376; 978-1-84542; 978-1-84720; 978-1-84844; 978-1-84980; 978-1-85278; 978-1-85898
dc.title.bookSmall and Medium Sized Enterprises and the COVID-19 Response
dc.year.issued2022


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