Business resilience in turbulent times on Ukraine's example

Andrii Taranishyn

Bachelor's thesis

Abstract:

Business resilience is a combination of characteristics, abilities, capacities or capabilities that allows an organization to withstand known and unknown disturbances and still survive. Ukrainian business operation in the current wartime environment is a perfect case to study resilience. The aim of the thesis is to provide first-hand examples of Ukrainian businesses that adapted to the stressful and turbulent environment, and explore the ways in which they adapted, tweaked or changed their business model to stay afloat and continue operations. It also aims to bridge the knowledge gaps such as relationship between personal attributes and company resilience, the effect of company size on its resilience, and to explore experiences of Ukrainian companies in a longer timeframe. It uses a qualitative approach based on semi-structured interviews. The findings show that resilient people create resilient organizations, the small size negatively impacts business resilience, and outline some unexpected novel findings about wartime business specifics.

Abstract:

Business resilience is a combination of characteristics, abilities, capacities or capabilities that allows an organization to withstand known and unknown disturbances and still survive. Ukrainian business operation in the current wartime environment is a perfect case to study resilience. The aim of the thesis is to provide first-hand examples of Ukrainian businesses that adapted to the stressful and turbulent environment, and explore the ways in which they adapted, tweaked or changed their business model to stay afloat and continue operations. It also aims to bridge the knowledge gaps such as relationship between personal attributes and company resilience, the effect of company size on its resilience, and to explore experiences of Ukrainian companies in a longer timeframe. It uses a qualitative approach based on semi-structured interviews. The findings show that resilient people create resilient organizations, the small size negatively impacts business resilience, and outline some unexpected novel findings about wartime business specifics.

Keywords

Turbulent environment, Organizational resilience, Business resilience, Ukrainian business

Keywords

Business resilience, Ukrainian business, Organizational resilience, Turbulent environment

Language used: English

Date on which the thesis was submitted / produced: 15. 5. 2024

Thesis defence

• Date of defence: 11. 6. 2024
• Supervisor: Aleš Kubíček
• Reader: Natálie Bruder Badie

Vysoká škola ekonomická v Praze

Bachelor programme:
Bachelor of Business Administration