SMES’ BUSINESS RESILIENCE: THEORETICAL INSIGHTS

Abstract

The business resilience of a firm shows its ability to cope with turbulence that may arise in the internal or external environment where the firm operates. Small and medium-sized enterprises (SMEs) represent the most numerous and important sector of enterprises, fulfilling multiple economic and social functions. This paper focuses mainly on the analysis of the concept of business resilience of SMEs in terms of existing theoretical approaches and on the capture of factors that influence this resilience of SMEs, especially in the post-Covid-19 period, as well as on the analysis of the role and importance in general of SMEs in the world economy, especially in Europe. It is important to note that the existence of SMEs that have still managed to survive the post-pandemic crisis has attracted the attention of researchers in terms of their resilience, but also the factors that influence it.