Building Resilience Models for Small Firms: Case of Peru

Abstract

The purpose of this research is to create a model based on small firms management in order to be building collaborative organizations, with use of various variables that majorly influenced the resilience of firms in developing countries. In recent years, Peru’s “economic boom” has been accompanied by recurrent breakouts in unstable markets, specially in pandemic. In this context some of the small firms involved have greater bargaining power and greater access to information to create a safe environment for survival and growth sometimes. Hence, this gives them an economic advantage. Therefore, the management of this business model aims to give firms a mechanism to strengthen their resilience, which additionally generates sustainability for the organization.This study enrolls an internal analysis involved in manufacturing and service small firms in Peru. Moreover, we can also argue that it is crucial for firms to operate around a humanitarian approach, as this could accomplish a sustainable firm and thus reduce the negative impact policies and increase development of different programs for vulnerable populations. This research seeks to show that it is necessary to prioritize the following variables: (1) Cultural organizational, (2) Change adaptability, (3) Business scaling, (4) Capacity for diversification, and (5)Collaborative work for achieving resilience in such firms.

Presenters

Maria E Sanchez Zambrano
Economist, Management, Pontifical Catholic University of Perú, Lima, Peru

Teresa Liliana Trasmonte Abanto
Docente, Escuela de Derecho, Universidad Privada de Ciencias Aplicadas UPC, Lima, Peru

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

Organizational Intangibles and Tangible Value

KEYWORDS

Organizational culture Change adaptability Business Scaling Capacity for diversification Collaborative

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