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What is Crisis Management for SMEs in COVID-19 about?

This document summarizes a research article about crisis management strategies used by small businesses in Macau during the COVID-19 pandemic. The researchers interviewed six small firms across different industries. They found that declining demand most strongly impacted small firms. Compared to large firms, small firms showed flexibility in their crisis responses due to their smaller size. All firms adopted flexible HR strategies. Common survival strategies included increasing product diversification, expl

Author

Gerlie Panolin

Language

EN