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Title: Antecedents of organizational resilience in economic crises – an empirical study of Swedish textile and clothing SMEs
Authors: Pal, Rudrajeet
Torstensson, Håkan
Department: University of Borås. Swedish School of Textiles
Issue Date: May-2012
Citation: 88th Textile Institute World Conference, Malaysia
Publisher: Textile Institute, Manchester UK
Media type: text
Publication type: conference paper, peer reviewed
Keywords: resilience
small and medium-sized enterprise
textile and clothing
Subject Category: Subject categories::Social Sciences::Economics and Business::Business Administration
Research Group: F:3 - Fashion Function Futures
Area of Research: Textile Management (Resilience, Success or Survival)
Strategic Research Area: Textiles and fashion
Abstract: Economic recessions have created challenges for small and medium sized enterprises (SMEs) and contributed to disruptions requiring the SME to be resilient. At times of economic crises, SMEs face major threats to their financial performance and ultimately to their survival. The average number of Swedish textile and clothing (T&C) firms that went bankrupt during the recent crisis (2007-09) escalated twofold compared to the average over 2000-10. Following the 1990’s economic crisis nearly 12% of the T&C companies went bankrupt in 1994-95. The structural industrial statistics also plummeted in these crisis years, aggravating other inherent or internal/day-to-day problems as a ’ripple effect’. In this study we concentrate on what problems the Swedish T&C SMEs, predominantly, faced amidst the economic crises of 1990-93 and 2007-09. Moreover, we aim at finding how firms deal with the disruptions and what factors are critical in contributing to firms’ resilient economic performance. The overall objective is to deepen the understanding of underlying patterns favouring resilience development in T&C SMEs. The paper adopts an exploratory survey-based research, responded to by about ten Swedish T&C SMEs. Annual reports provide a detailed account of the financial performances of these companies. A conceptual framework was developed earlier, based on a review of extant literature. Findings provide insight on how the peers considered learning aspects and resourcefulness to be key enablers of resilience and financial performance, instead of dynamic competitiveness. This is beneficial for organizations to understand the key areas in which to invest for developing resilient business models.
Sustainable development: sustainable development
Appears in Collections:Konferensbidrag / Conference papers (THS)

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