What is Survival Mechanism

The chapter examines how women-owned small businesses in Bangladesh responded to crisis episodes such as COVID-19 and discusses their resilience to shocking events. The study involved a qualitative exploration of three women-owned online small businesses conducted using the case study method. The cases included businesses that sold jewelry and fashion accessories, both imported and locally procured, and exclusively operated on social media platforms, including Facebook and Instagram. The findings suggest that the businesses adopted innovative social media strategies to survive the crisis episode, including page boosting and paid promotions, Facebook and Instagram Live coupled with sales and discount promotions, temporary closure, vendor switching, and product basket modification. The enterprises showed an overall moderate level of resilience, with a moderate level of adaptability, agility, and low flexibility with a high vulnerability to crisis events. Recommendations for policymakers and credit institutions are also discussed.