The COVID-19 has significantly impacted businesses both large and small, and old and new ventures. While policy makers worldwide have formulated policies to safeguard the interests of large existing businesses which contribute greatly to the GDP of nations, however, little focus has been on entrepreneurial small and new ventures that were proliferating during the pre-Covid era. This study aims to explore the impact of Covid-19 on businesses in general and entrepreneurial small and new ventures in particular, and the role of policy making in sustaining these businesses. The comparative context of India and Australia will be explored in the project.
To identify, contrast and model the factors related to impact of COVID-19 on business and entrepreneurship and the role of policy making in the context of Australia and India.
Considering the significant impact of COVID-19 on business, entrepreneurship and the role of policy making, this study will be conducted with the following research objectives:
- To identify the factor(s) impacting business and entrepreneurship due to COVID-19 disruptions in the context of Australia and India.
- To do a comparative study of measures adopted by the policy makers of Australia and India to sustain entrepreneurship during COVID-19.
- To do a modelling of factors impacting entrepreneurship due to COVID-19 and establish hierarchical inter-linkages of factors in the context of Australia and India.
- To analyze the inputs and outcomes of policy making in Australia and Indian context and its impact on business and entrepreneurship.
- To undertake select case study analysis of policy making and their impact on business and entrepreneurship during COVID-19, and do a comparative analysis in the Australian and Indian context.
The study will be conducted as per the above stated objectives. The methodology will include primary and secondary research. First, the impact of COVID-19 on business and entrepreneurship will be studied, using secondary dataon businesses in India and Australia . Second, large scale surveys of businesses will be conducted to identify the factors impacting business operations during COVID-19. Third, based on the identified factor(s) the hierarchical model will be generated. Fourth, policy making for businesses and entrepreneurship during COVID-19 will be analysed. The results will be verified through case studies in Australia and India. the results will be shared, discussed and validated with experts through workshops before finalizing.
Following outcomes of the study are proposed:
- The study will identify the similarities and differences in the policies adopted by the Australian and Indian government to ameliorate COVID-19 related business disruptions. This will also help to understand the impact of COVID-19 on entrepreneurship and businesses as a whole.
- The study will identify the factors that impacted business and entrepreneurship during COVID-19 in the context of Australia and India.
- The modeling of factors affecting business and entrepreneurship during Covid-19 will be conducted for a better understanding of the phenomena in both the Australian and Indian context.
- Impact of COVID-19 on policy making and subsequently on entrepreneurship will be empirically studied to compare the contexts of Australia and India.
- The case study will verify the results of COVID-19 impact on business and entrepreneurship and the role of policy making across Australia and India.
The findings from this study will be documented and published in international and national reputed journals.