Know thyself: Leading through the core of you in times of turbulence

The paper describes how leaders behave and react in unprecedented times when a professional service firm has been severely affected by the COVID-19 pandemic. Firsthand data were gathered through interviews, observations, and participation based on direct interaction with leaders and employees. The concept of leadership anatomy is used to describe, discuss, and critique leadership behavior. It signifies the different parts of a human body equipped with sensory ability. The study reveals that in times of crisis, leaders tend to draw on the core of who they are through compassion rather than conventional wisdom in decision making and problem solving. The search for what truly matters helps leaders to reinterpret the ethos of the firm and what they stand for as leaders in their sensemaking of chaos. A deeper reflection of their personal values and beliefs gives them the courage to acknowledge their vulnerability and start seeing the value in others.     

Elimination of systemic risk in financial networks by means of a systemic risk transaction tax

Financial markets are exposed to systemic risk (SR), the risk that a major fraction of the system ceases to function, and collapses. It has recently become possible to quantify SR in terms of underlying financial networks where nodes represent financial institutions, and links capture the size and maturity of assets (loans), liabilities and other obligations, such as derivatives. We demonstrate that it is possible to quantify the share of SR that individual liabilities within a financial network contribute to the overall SR. We use empirical data of nationwide interbank liabilities to show that the marginal contribution to overall SR of liabilities for a given size varies by a factor of a thousand. We propose a tax on individual transactions that is proportional to their marginal contribution to overall SR. If a transaction does not increase SR, it is tax-free. With an agent-based model (ABM) (CRISIS macro-financial model), we demonstrate that the proposed ‘Systemic Risk Tax’ (SRT) leads to a self-organized restructuring of financial networks that are practically free of SR. The SRT can be seen as an insurance for the public against costs arising from cascading failure. ABM predictions are shown to be in remarkable agreement with the empirical data and can be used to understand the relation of credit risk and SR.     

Farm diversification strategies in northwestern Spain: Factors affecting transitional pathways

The present paper identifies strategies that farmers have undertaken in northwestern Spain, an area characterized by late structural adjustment. For this study, a survey of over 559 farms has been conducted in four areas representative of different specializations and rural situations, from marginal to productive intensification. Farms have been categorized according to social and productive characteristics through a multivariable analysis. Four basic behaviors have been identified and connected with farm types and rural areas using a multiple correspondence analysis. These basic strategies were defined depending on whether investments have been made on farms to increase or intensify production and whether new on- or off-farm diversification activities have been introduced. This analysis allows us to assess transitional pathways for the future and to assume some consequences of farm behavior in connection with structural adjustments. Thus far, empirical evidence shows that the nature and main drivers of the diversification process are different from those in northern European areas. At the same time, a significant level of farm abandonment is registered.     

Firm's resilience to supply chain disruptions: Scale development and empirical examination

This paper expands our understanding of factors that contribute to development of firm resilience to supply chain disruptions. In doing so, we operationalize firm resilience to understand how supply chain disruption orientated firms can develop resilience to supply chain disruptions. We find that supply chain disruption orientation alone is not enough for a firm to develop resilience. Supply chain disruption oriented firms require the ability to reconfigure resources or have a risk management resource infrastructure to develop resilience. The way in which supply chain disruption oriented firms develop resilience through resource reconfiguration or risk management infrastructure depends on the context of the disruption as high impact or low impact. In a high impact disruption context, resource reconfiguration fully mediates the relationship between supply chain disruption orientation and firm resilience. In a low impact disruption context, supply chain disruption orientation and risk management infrastructure have a synergistic effect on developing firm resilience.     

The evolution and resilience of community-based land tenure in rural Mexico

This paper examines the evolution of ejido tenure in Mexico since the 1992 constitutional and legal reforms in that country. Prior to the Mexican Revolution, communal tenure had all but disappeared, but since 1920 community-based tenure re-emerged to become the dominant tenure form in Mexico. The paper investigates ejido land tenure through an examination of ejido governance structures and the tenure rules relating to the acquisition, transfer and extinction of land and resource rights. It draws on community-level research and numerous published case studies, relevant laws, and on data describing the status of ejidos countrywide. This reveals a diverse set of practices, which in many instances depart from the rules as defined in the Agrarian Law and even in internal community regulations. Land tenure plays a critical mediating role in the inter-relationship between humans and the environment. Using the framework of resilience I examine the persistence of ejido tenure and its dynamics in the aftermath of major land policy and legal reforms. Three major ‘shocks’ are identified which are seriously challenging the resilience of ejidos. These are the 1992 legal reforms, NAFTA and the resulting out-migration from rural Mexico, and urbanization. I conclude that ejidos have generally been resilient enough to accommodate the 1992 reforms, but problems with cross-generational transfers that stem in part from labor migration, and urbanization have set ejidos on a course that could ultimately overcome all but the most resilient communities.     

From coping to adaptation to economic and institutional change – Trajectories of change in land-use management and social organization in a Biosphere Reserve community,Mexico

Smallholder farming communities are increasingly affected by local impacts of international market dynamics, and (inter)governmental economic and nature conservation policies to which they respond through coping or adaptation. Although the attributes that underpin the capacity to adapt are widely agreed upon in literature, empirical evidence on how rural communities can develop adaptations are still scarce. Here, we provide such evidence based on a comprehensive driver-response reconstruction of a community in the buffer-zone of a Biosphere Reserve in Chiapas, Mexico. We found that coping (between 1990 and 2000) was gradually replaced by adaptations (1995–2010) based on: (i) diversification of land-use, (ii) improved social organization, (iii) improved communal decision-making, and (iv) more sustainable forms of land management. The diversification of local farming systems through inclusion of organic forest-based palm and coffee cultivation and the establishment of associated organizations, formed the basis of these changes. These adaptations were mainly supported by improved social, institutional and political capital. Communal forest resources, long-term support of an NGO and a highly motivated population, were essential circumstances that allowed these trajectories to develop. However, current unequal land and power distribution could undermine and debilitate adaptive capacity. Communities and supportive organizations need to be aware and capable to adjust continuously to prevent today's adaptation strategies from becoming tomorrow's coping responses.     

“Crisis management in the hospitality sector SMEs in Pakistan during COVID-19″

The COVID-19 pandemic has delivered one of the worst economic shocks in modern history and the hospitality sector has been severely affected. Since small businesses from the hospitality sector are known to be relatively more susceptible to the economic complications arising from a crisis, we explore the underlying factors and management practices that influence their continuity of operations as they continue to struggle with the on-going COVID-19 crisis in Pakistan. Using a phenomenological approach, in-depth interviews were conducted to comprehend the experiences of owners-managers. The findings show that government support, cordial relationships with stakeholders, self-determination of entrepreneurs and formal planning are the most crucial factors that shaped the immediate adjustments of operational activities in response to COVID-19. These resilient practices are hygiene concerns, increased promotion through social media, innovative marketing practices (e.g., revised offerings), operational cost-cutting and employee training to comply with changing standard operating procedures from the government and industry. The practical and theoretical implications are also discussed.     

企业家心理韧性对企业成长的影响——探索式创新与社会连带的中介调节作用

利用新兴视频测量技术对企业家心理韧性强度进行测量，并以2015-2017年中国213家A股上市公司面板数据为研究样本，实证分析企业家心理韧性对企业成长的作用关系，并探讨在该作用关系中探索式创新及社会连带的影响效应。研究结果显示：企业家心理韧性对企业成长有显著正向影响；企业探索式创新在企业家心理韧性与企业成长之间存在部分中介作用；社会连带正向调节企业家心理韧性对探索式创新的促进关系。当企业家社会连带水平较高时，企业家心理韧性对探索式创新意愿的促进作用更强，对企业成长的积极影响更显著。     

Development of a methodology for the characterization of urban and periurban green spaces in the context of supra-municipal sustainability strategies

Periurban landscapes should be interpreted as multifunctional spaces enabling them to be valued according to environmental, economic and social criteria. This article proposes a methodology for the characterization of urban and periurban green spaces in the context of strategies which enable planning processes for cities of the future to be devised. Firstly, the green belt is characterized and evaluated and its resilience and dynamic analyzed. Subsequently, different supra-municipal tools are compared and a summary of various existing methodologies and programs is produced, making it possible to develop a matrix for diagnosing projects for green spaces and periurban natural spaces and evaluating their potential as a Green Infrastructure in the context of Open Space Strategies. The application of this method in the characterization of periurban space emphasizes elements of scenic beauty whose incorporation in the said strategies does not require large investments but instead an effort in terms of promoting such places. The drafting of this Open Spaces Strategy offers a cross-disciplinary planning tool with which to take action using a landscape reading scale. This comprehensive view makes it possible to optimize efforts and investments and involve the whole community at all levels of operation through processes of citizen participation. As a result, a systematic and collective diagnostic tool is obtained for characterizing the urban and periurban green belt, which can be applied to the various periurban spaces in accordance with the multifunctionality demanded by supra-municipal strategies.     

Food security as resilience: reconciling definition and measurement

In this article, we draw out a set of axioms for food security measurement that follow directly from the internationally agreed 1996 FAO definition. Building on recent work on the theory and measurement of development resilience, we then propose an empirical strategy to measure food security that addresses these measurement axioms better than do prevailing measures. We empirically illustrate this approach using a panel data set from northern Kenya.