Entrepreneurship Resilience Models in Resource-Constrained Settings: Cross-national Framework

Benjamin Monday Ojonugwa; Sandra Orobosa Idemudia; Onyeka Kelvin Chima; Onyinye Jacqueline Ezeilo; Akoche Ochefu

doi:10.56201/wjeds.v9.no7.2024.pg227.238

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Entrepreneurship Resilience Models in Resource-Constrained Settings: Cross-national Framework

Benjamin Monday Ojonugwa, Sandra Orobosa Idemudia, Onyeka Kelvin Chima, Onyinye Jacqueline Ezeilo, Akoche Ochefu

Abstract

Entrepreneurship in resource-constrained settings, where access to capital, infrastructure, and skilled labor is limited, is critical for economic development, yet entrepreneurs face significant challenges, with 60% of ventures failing within five years due to resource scarcity. This paper proposes a cross-national framework for entrepreneurship resilience, integrating adaptive strategies, social capital, digital tools, and institutional support to enhance venture survival and growth. Using a mixed-method approach, the study combines a systematic literature review of 130 peer-reviewed articles and reports (2018–2024), framework development, and empirical testing with 40 entrepreneurs across 10 resource-constrained countries in Africa, Asia, and Latin America. The framework achieves a 45% increase in venture survival rates, improves revenue by 30%, and enhances adaptive capacity by 40%. Key findings highlight scalability across micro and small enterprises, affordability ($1,000–$5,000 implementation), and alignment with global development goals like SDG 8 (Decent Work and Economic Growth). Challenges include digital literacy gaps, inconsistent institutional support, and cultural barriers, while opportunities involve mobile-based fintech, AI-driven market analytics, and cross-border collaborations. The study contributes to entrepreneurship literature by offering a scalable, context-sensitive framework bridging socio-economic, cultural, and technological needs. For entrepreneurs, it provides practical tools to navigate constraints; for policymakers, it offers strategies to foster inclusive ecosystems; and for researchers, it lays a foundation for exploring resilience in underserved regions. Future directions include AI-enhanced resilience tools, blockchain for transparent financing, and frameworks for conflict-affected settings. By addressing these issues, this paper underscores the transformative potential of resilience models i

Keywords

Small and Medium Enterprises (SMEs)Blockchain TechnologyTransaction TransparencyVendor TrustSmart ContractsSupply Chain Management

References

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Entrepreneurship Resilience Models in Resource-Constrained Settings: Cross-national Framework

Abstract

Keywords

References

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