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JPM presentation Literature Review Report Launch slide deck 05.07.18


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Presentation at the Building Better Business Resilience Literature Review Report Launch event held at the Shard. 05.0702018

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JPM presentation Literature Review Report Launch slide deck 05.07.18

  1. 1. Building Better Business Resilience: Literature Review Report Launch Event and Drinks Reception Funded by Project Collaborators:
  2. 2. Understanding resilience in SMEs – a review of existing research Maria Wishart, Research Fellow, Enterprise Research Centre and Stephen Roper, Director, Enterprise Research Centre
  3. 3. What is business resilience? • A strategic objective intended to help an organisation survive and prosper. A highly resilient organisation is more adaptive, competitive, agile and robust than less resilient organisations and rebounds from adversity strengthened and more resourceful • Most research on business resilience research focuses on: – Employees – Business models – Anticipating preventing and responding to shocks • Large organisation focus, and assumption that findings are translatable to SMEs
  4. 4. SME resilience research Three main streams: • SME characteristics and capabilities – Planning abilities, resource constraints • SME leader resilience, and the link with organisation resilience – Resilient leaders foster resilient SMEs • Interventions to improve SME resilience – Organisational development & learning programmes, team building, developing resilient communities
  5. 5. SME resilience research – key conclusions • An emergent research area. • Main focus on SME characteristics and leader resilience. • SME capabilities characterised as detrimental to their resilience. • Leader seen as a resource to underpin the business’s resilience. • Limited research into interventions for resilience in SMEs, more needed. • Gaps in the research which merit further investigation: – contextual aspects of SME that may influence their resilience, – the connection between SME resilience and SME location.
  6. 6. Entrepreneurship among under-represented groups – a review of existing research Maria Wishart, Research Fellow, Enterprise Research Centre and Stephen Roper, Director, Enterprise Research Centre
  7. 7. Under-represented entrepreneurs • Migrants, disabled, those with low educational attainment, ethnic minorities, women (OECD, 2017) • Typically higher unemployment rate than for mainstream – Migrants 8.4% higher unemployment rate than EU-born (Eurostat, 2017), disabled 17% vs 10% for non-disabled (European Disability Forum, 2017) • Entrepreneurship often seen as a route into work: – Businesses more precarious, lower turnovers and survival rates. – More dependent & false self-employment (OECD, 2017).
  8. 8. Under-represented entrepreneurs Common barriers • Discrimination & stereotyping (Ram and Jones, 2008) • Prejudice (Cooney, 2008) • Access to finance (Ram and Jones, 2008) • Unable to access support (Pavey, 2006) Specific barriers • Language (OECD, 2017) • Unfamiliarity with culture & institutional set-up (OECD, 2017) • Benefits trap (Kitching, 2014) • Lack of networks (Uddin and Jamil, 2015)
  9. 9. Under-represented entrepreneurs Enablers of entrepreneurship • Experience of living with adversity (Cooney, 2008) • Problem-solving and innovation skills (Drakopoulou Dodd, 2015) • Embeddedness in social networks (Lofstrom, 2014; Ram and Jones, 2008) • Work ethic (Ensign and Robinson, 2011)
  10. 10. Under-represented entrepreneurs – key conclusions • Some common and some specific barriers • Double and triple disadvantage not well understood • Impact of low educational attainment under-researched • Insufficient focus in research on interventions • Tendency to revert to stereotypes: oversimplification • More detailed understanding of these groups required, to underpin more flexible and nuanced policies and approaches
  11. 11. Roundtable discussions: Practical implications of the research for building better business resilience
  12. 12. Roundtable discussions 1. What kinds of shocks do SMEs typically experience? What does a resilient response to a shock look like? 2. What kinds of tools and interventions may support SMEs in building resilience? 3. What skills and aptitudes might members of under- represented groups have which may enable their entrepreneurial ventures? How can these skills be developed?
  13. 13. Next steps and contacts • Research report on London survey and case study findings - 12/13th December • Report on European surveys and case study findings - May 2019 • Integrated final Europe-wide comparative report - November 2019 • Benchmarking tool and toolkits - November 2019 For more information contact Or visit jpmorgan/
  14. 14. Thank you