Title: Enterprise risk management: effects of the pandemic on the revival and success of India's micro, small, and medium-sized enterprises

Authors: Abhaya Sanatan Satpathy; Suresh Kumar Sahoo; Asit Mohanty; Pragyan P. Mohanty; Bijay Kumar Paikaray; Reji Kumar Rajamony

Addresses: Faculty of Management Studies, Sri Sri University, Cuttack, Odisha, India ' Faculty of Management Studies, Sri Sri University, Cuttack, Odisha, India ' Institute of Power Engineering, National Energy University, Kuala Lumpur – 43000, Malaysia ' Department of Mechanical Engineering, VSSUT, Burla, India ' Department of Computer Science and Engineering, Centre for Data Science, Siksha 'O' Anusandhan (Deemed to be University), Odisha, India ' Institute of Sustainable Energy, National Energy University, Kuala Lumpur – 43000, Malaysia

Abstract: The devastating effect of COVID-19 came as a never-ending nightmare for humanity. The present pandemic situation has an adverse deep impact on Indian micro, small and medium enterprises (MSME). The process of vaccination is a great relief; still, the 2nd wave of COVID-19 forced Indian states to resort to social distancing through the lockdown and shutdown. This has put a question mark on the fate of the MSMEs. The current study examines the impact of the COVID-19 pandemic on the employees' turnaround, productivity, demand, supply chain, sales, cash flow, and profitability of MSMEs. Although the majority of the research was conducted in the first wave of COVID-19 in India, current work made a remarkable difference in focusing on the effect of the later stage of 2nd wave of COVID-19; it gives a clearer picture of vulnerability as compared to earlier studies. The paper covers the entrepreneurs' perspective supported by empirical evidence.

Keywords: micro, small and medium enterprises; MSME; success factors; pandemic; productivity; cash flow; social implications; India.

DOI: 10.1504/IJBCRM.2025.146411

International Journal of Business Continuity and Risk Management, 2025 Vol.15 No.2, pp.144 - 168

Received: 22 Jul 2024
Accepted: 14 Dec 2024
Published online: 28 May 2025 *

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