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The COVID-19 pandemic's characteristics, including how quickly it spread, and the emergence of new virus variations, raise serious questions about the pandemic's potential repercussions and complications in the food and beverage industry, among other industries. The global COVID-19 pandemic highlights the pressing need to reconsider how we manufacture and market food and beverage goods. During the epidemic, SMEs must build organizational resilience (OR) in order to recover economically, socially, and communally. Relational capital (RC) is a crucial factor that can be deployed by SMEs to acquire the resources existing in the external networks to adapt to disturbances; however, the impact of RC on the resilience of Egyptian food and beverage SMEs is under-examined. Additionally, it is unclear how RC promotes organizational resilience. In this regard, we argue that social interactions and regular communication can let an SME and its business partners exchange information and best practices, thereby enabling it to immediately establish backup plans to deal with the disruption. In order to achieve our aim, we investigated how relational capital affected organizational resilience both directly and indirectly through environmental scanning, utilizing partial least squares structural equation modeling (PLS--SEM).The results from 217 Egyptian food and beverage SMEs demonstrate that relational capital directly and positively affected organizational resilience. Besides, the RC--OR relationship is partially mediated by environmental scanning. Our current study, therefore, adds to the extant literature through being one of the few studies to address the topics of relational capital and resilience altogether during crisis times within a developing country, an issue that has not been sufficiently investigated in exiting literature. Moreover, our current study is the first one to empirically investigate the role of relational capital in facilitating environmental scanning activities of SMEs to ultimately foster their resilience. Our results, thus, prove that a large amount of information relevant for recovery are inherent within an SME's external relations network. We provide implications for theory and practice. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic’s characteristics, including how quickly it spread, and the emergence of new virus variations, raise serious questions about the pandemic’s potential repercussions and complications in the food and beverage industry, among other industries. The global COVID-19 pandemic highlights the pressing need to reconsider how we manufacture and market food and beverage goods. During the epidemic, SMEs must build organizational resilience (OR) in order to recover economically, socially, and communally. Relational capital (RC) is a crucial factor that can be deployed by SMEs to acquire the resources existing in the external networks to adapt to disturbances; however, the impact of RC on the resilience of Egyptian food and beverage SMEs is under-examined. Additionally, it is unclear how RC promotes organizational resilience. In this regard, we argue that social interactions and regular communication can let an SME and its business partners exchange information and best practices, thereby enabling it to immediately establish backup plans to deal with the disruption. In order to achieve our aim, we investigated how relational capital affected organizational resilience both directly and indirectly through environmental scanning, utilizing partial least squares structural equation modeling (PLS–SEM).The results from 217 Egyptian food and beverage SMEs demonstrate that relational capital directly and positively affected organizational resilience. Besides, the RC–OR relationship is partially mediated by environmental scanning. Our current study, therefore, adds to the extant literature through being one of the few studies to address the topics of relational capital and resilience altogether during crisis times within a developing country, an issue that has not been sufficiently investigated in exiting literature. Moreover, our current study is the first one to empirically investigate the role of relational capital in facilitating environmental scanning activities of SMEs to ultimately foster their resilience. Our results, thus, prove that a large amount of information relevant for recovery are inherent within an SME’s external relations network. We provide implications for theory and practice.

Venture capital investment has serious conflicts of interest and information asymmetry. Venture capitalists often make investment decisions on the basis of the passion of entrepreneurs, including enthusiasm and preparedness, in the process of interacting with them. Most of the previous research on relational capital have focused on the cooperative relationship between suppliers and buyers. However, the role of relational capital in the process of partnership between venture capitalists and entrepreneurs has not been revealed. On the basis of signaling theory, we explore the relationship between entrepreneurial passion and venture capitalists’ willingness to invest. We also examine the mediating and moderating roles of relational capital. This study takes 79 projects between venture capitalists and entrepreneurs as samples for empirical analysis to verify our hypothesis. Results show that entrepreneurs’ enthusiasm and preparedness have a significant positive impact on venture capitalists’ willingness to invest. Relational capital plays a mediating role between entrepreneurial passion and venture capitalists’ willingness to invest. Relational capital positively moderates the relationship between preparedness and venture capitalists’ willingness to invest but has no moderating effect between enthusiasm and venture capitalists’ willingness to invest. Results deepen the understanding of the relationship between entrepreneurs’ passion and venture capitalists’ willingness to invest, which has guiding significance for venture capital practice in China.

Venture capital investment has serious conflicts of interest and information asymmetry. Venture capitalists often make investment decisions on the basis of the passion of entrepreneurs, including enthusiasm and preparedness, in the process of interacting with them. Most of the previous research on relational capital have focused on the cooperative relationship between suppliers and buyers. However, the role of relational capital in the process of partnership between venture capitalists and entrepreneurs has not been revealed. On the basis of signaling theory, we explore the relationship between entrepreneurial passion and venture capitalists' willingness to invest. We also examine the mediating and moderating roles of relational capital. This study takes 79 projects between venture capitalists and entrepreneurs as samples for empirical analysis to verify our hypothesis. Results show that entrepreneurs' enthusiasm and preparedness have a significant positive impact on venture capitalists' willingness to invest. Relational capital plays a mediating role between entrepreneurial passion and venture capitalists' willingness to invest. Relational capital positively moderates the relationship between preparedness and venture capitalists' willingness to invest but has no moderating effect between enthusiasm and venture capitalists' willingness to invest. Results deepen the understanding of the relationship between entrepreneurs' passion and venture capitalists' willingness to invest, which has guiding significance for venture capital practice in China. [ABSTRACT FROM AUTHOR]

The way in which managers perceive their organization's intellectual and social capital has an impact in shaping their choices and how they lead change. The aim of the study was to explore how the managers of a trade union framed the role of its intangible assets in a context of organizational change. A qualitative approach was used; 30 semi-structured interviews were conducted with the leaders of a trade union and then analyzed using the method of thematic analysis. Particular attention was paid to the metaphors the managers used to narrate change. The hypothesis underlying this approach is that metaphors are a meaningful resource in that they can convey how organization and its intangible assets are framed. In the results, three “root metaphors” are illustrated—the trade union seen either as a system of domination, an organism, or a culture—together with the consequences of each of these images for the perception and value attributed to the trade union's intangible assets. In conclusion, implications for changing management practices and for further research are discussed.

The way in which managers perceive their organization's intellectual and social capital has an impact in shaping their choices and how they lead change. The aim of the study was to explore how the managers of a trade union framed the role of its intangible assets in a context of organizational change. A qualitative approach was used; 30 semi-structured interviews were conducted with the leaders of a trade union and then analyzed using the method of thematic analysis. Particular attention was paid to the metaphors the managers used to narrate change. The hypothesis underlying this approach is that metaphors are a meaningful resource in that they can convey how organization and its intangible assets are framed. In the results, three "root metaphors" are illustrated—the trade union seen either as a system of domination, an organism, or a culture—together with the consequences of each of these images for the perception and value attributed to the trade union's intangible assets. In conclusion, implications for changing management practices and for further research are discussed. [ABSTRACT FROM AUTHOR]

Entrepreneurship research has been focusing on intangible capitals of an entrepreneur or entrepreneurial teams. Intellectual capital has been a useful framework for researching entrepreneurship, though the inclusion of intangible capital has not been comprehensive enough. We followed and extended this stream to add psychological capital into the discussion of the relationship between intellectual capital and new venture performance. We argue that psychological capital, human capital, and relational capital are representative capitals of entrepreneurs at intra-personal, personal, and interpersonal levels, respectively, none of them can be neglected for new venture success. Based on the analyses of documentary materials of famous entrepreneurs’ interviews from trustable websites/media, this conceptual analyses with case examples found different constructs to serve as important entrepreneurial intellectual capital, which consists of human (i.e., age and education, graduate work experiences, non-graduate work experiences, role models), relational (i.e., trustworthiness and co-founder relations) capitals, and psychological capital (optimism, self-efficacy, hope, and strength). This study contributes by formalizing psychological capital as a theoretical element of intellectual capital and its effectiveness with other forms of intellectual capital on entrepreneurial performance and growth.

Entrepreneurship research has been focusing on intangible capitals of an entrepreneur or entrepreneurial teams. Intellectual capital has been a useful framework for researching entrepreneurship, though the inclusion of intangible capital has not been comprehensive enough. We followed and extended this stream to add psychological capital into the discussion of the relationship between intellectual capital and new venture performance. We argue that psychological capital, human capital, and relational capital are representative capitals of entrepreneurs at intra-personal, personal, and interpersonal levels, respectively, none of them can be neglected for new venture success. Based on the analyses of documentary materials of famous entrepreneurs' interviews from trustable websites/media, this conceptual analyses with case examples found different constructs to serve as important entrepreneurial intellectual capital, which consists of human (i.e., age and education, graduate work experiences, non-graduate work experiences, role models), relational (i.e., trustworthiness and co-founder relations) capitals, and psychological capital (optimism, self-efficacy, hope, and strength). This study contributes by formalizing psychological capital as a theoretical element of intellectual capital and its effectiveness with other forms of intellectual capital on entrepreneurial performance and growth. [ABSTRACT FROM AUTHOR]