Resilience in the micro and small business context – literature review


  • Santeri Halonen University of Oulu
  • Peetu Virkkala


Resilience, Entrepreneurial resilience, Microenterprise, Resilience Development



This paper purposes to systematically review existing resilience literature in the micro-entrepreneurship context focusing on entrepreneurial resilience and resilience competency and its development and development process from intra and interpersonal perspectives. In addition, the paper aims identify and study the interventions can be taken to enhance the resilience development.  The premise for the analysis is previous literature review by (Lee & Wang 2017).


Ayala, J. & Manzano, G. 2014. The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis. Journal of economic psychology, 42, pp. 126-135. doi:10.1016/j.joep.2014.02.004

Korber, S. & McNaughton, R. B. 2018. Resilience and entrepreneurship: A systematic literature review. International journal of entrepreneurial behaviour & research, 24(7), pp. 1129-1154. doi:10.1108/IJEBR-10-2016-0356

Lee, J. & Wang, J. 2017. Developing entrepreneurial resilience: Implications for human resource development. European journal of training and development, 41(6), pp. 519-539. doi:10.1108/EJTD-12-2016-0090

Luthans, F., Vogelgesang, G. R. & Lester, P. B. 2006. Developing the Psychological Capital of Resiliency. Human resource development review, 5(1), pp. 25-44. doi:10.1177/1534484305285335

Walker, B., Salt, D. & Reid, W. 2006. Resilience Thinking: Sustaining Ecosystems and People in a Changing World.





2.3 Managing microenterprises in change