Creative Destruction and the Aftermath of the Tsunami

2007 ◽  
Vol 21 (1) ◽  
pp. 99-107
Author(s):  
Travis Perera

The tsunami of 26 December 2004 killed over 35,000 people in Sri Lanka, made 400,000 jobless and damaged the economy by 6·5%. The physical damage was around US$1·5billion, with reconstruction costing $2 billion. Although entrepreneurs are opportunity seekers, take risks and thrive in uncertainty, the alignment of competency and institutional support was not fully realized for recovery. This problem is studied by revisiting inertia theory (to understand entrepreneurial inertia), network theory (for the interaction of environment and entrepreneur), and theory on disaster management (to understand stage-related issues). The objective of the paper is to provide insights into the current recovery process and future preparedness for small business management following natural disasters. The paper is based on a survey of 89 Sri Lankan small businesses affected by the tsunami which are now in the process of recovery. The procedures and techniques adopted by the Postgraduate Institute of Management in Sri Lanka, based on active participation combined with observation and systems design, proved highly effective in aiding entrepreneurs on their path to recovery.

2021 ◽  
Vol 9 (205) ◽  
pp. 1-13
Author(s):  
Kelly Regina Costa Gonçalves

Financial management is a topic studied by several authors, due to its paramount importance. However, small businesses, despite occupying a large space in the economic sector, find it difficult to remain in the market. Therefore, this article seeks to demonstrate the importance of accounting information for small business management. Through the qualitative methodology carried out at Miami Rio, it will be possible to identify and evaluate the difficulties that small companies face in managing the financial area. Finally, the work concludes that only through effective financial control is it possible to maintain a growth perspective for small companies.


2011 ◽  
Author(s):  
Mohd Khairuddin Hashim

Managing small and Medium-sized Enterprises: The Malaysian Perspective provides an insight into managing small businesses more effectively in the Malaysian context. The book not only offers a comprehensive overview of the Malaysian SMEs but also highlights the problems faced by these firms. In addition, the book helps readers to analyze and understand the causes of the problems confronted by the SMEs. More significantly, the book explains how to develop the management knowledge and skills needed to overcome the problems faced by small businesses.This book consists of nine chapters. Each of the chapters in the book focuses on a topic that is not only relevant but of concern to many owners and managers of small businesses. Taken together, this book offers insightful information concerning the issues that can help readers to not only better understand how to manage SMEs, but also in assisting their development, growth and survival. Since the book addresses various managerial issues of importance to small businesses, it serves as a useful source of reference for students of small business management and entrepreneurship, owners and managers of SMEs as well as policymakers involved in supporting the development and growth of SMEs.


2020 ◽  
Vol 6 ◽  
pp. 93-100
Author(s):  
Gisa Jähnichen

The Sri Lankan Ministry of National Coexistence, Dialogue, and Official Languages published the work “People of Sri Lanka” in 2017. In this comprehensive publication, 21 invited Sri Lankan scholars introduced 19 different people’s groups to public readers in English, mainly targeted at a growing number of foreign visitors in need of understanding the cultural diversity Sri Lanka has to offer. This paper will observe the presentation of these different groups of people, the role music and allied arts play in this context. Considering the non-scholarly design of the publication, a discussion of the role of music and allied arts has to be supplemented through additional analyses based on sources mentioned by the 21 participating scholars and their fragmented application of available knowledge. In result, this paper might help improve the way facts about groups of people, the way of grouping people, and the way of presenting these groupings are displayed to the world beyond South Asia. This fieldwork and literature guided investigation should also lead to suggestions for ethical principles in teaching and presenting of culturally different music practices within Sri Lanka, thus adding an example for other case studies.


2015 ◽  
Vol 2 (3) ◽  
pp. 66-71
Author(s):  
Balasubramaniam M ◽  
◽  
Sivapalan K ◽  
Tharsha J ◽  
Sivatharushan V ◽  
...  

2018 ◽  
Vol 43 (3) ◽  
pp. 529-552
Author(s):  
Rodney C. Runyan ◽  
Jeffrey G. Covin

Entrepreneurship and small business management literatures diverged decades ago, with the former receiving the bulk of subsequent scholarly attention. The concept of a small business orientation (SBO) has not been widely and consistently employed in the literature. We present a conceptual framework aimed at clarifying the construct of SBO, and conceptualize SBO as a firm size- and age-independent phenomenon operating at the individual level, and reflecting manager values about how the business ought to be conducted. We discuss the values-based derivation of SBO, identify elements of this multidimensional construct, its likely consequences, and propose future research directions.


2013 ◽  
Vol 19 (69) ◽  
pp. 55-76
Author(s):  
Boženko Đevoić

ABSTRACT This article gives an overview of the 26 year long ethnic conflict in Sri Lanka and examines physical reconstruction and economic development as measures of conflict prevention and postconflict reconstruction. During the years of conflict, the Sri Lankan government performed some conflict prevention measures, but most of them caused counter effects, such as the attempt to provide “demilitarization”, which actually increased militarization on both sides, and “political power sharing” that was never honestly executed. Efforts in post-conflict physical reconstruction and economic development, especially after 2009, demonstrate their positive capacity as well as their conflict sensitivity. Although the Sri Lankan government initially had to be forced by international donors to include conflict sensitivity in its projects, more recently this has changed. The government now practices more conflict sensitivity in its planning and execution of physical reconstruction and economic development projects without external pressure.


ICL Journal ◽  
2020 ◽  
Vol 13 (3) ◽  
pp. 281-306
Author(s):  
Danushka S Medawatte

AbstractIn this paper, I attempt to examine the evolution of judicial review of legislation in Sri Lanka with a view to better understanding how it has impacted the democratic fabric and constitutional matrix of Sri Lanka. The impact that judicial review of legislation has had on rights jurisprudence, enhancement of democracy, prevention of persecution against selected groups are analysed in this paper in relation to the Ceylon Constitutional Order in Council of 1946 (‘Soulbury’ Constitution) and the two autochthonous constitutions of Sri Lanka of 1972 and 1978. The first part of the paper comprises of a descriptive analysis of judicial review of legislation under the three Constitutions. This is expected to perform a gap filling function in respect of the lacuna that exists in Sri Lankan legal literature in relation to the assessment of the trends pertaining to judicial review of legislation in Sri Lanka. In the second part of the paper, I have analysed decided cases of Sri Lanka to explore how the judiciary has responded to legislative and executive power, and has given up or maintained judicial independence. In this respect, I have also attempted to explore whether the judiciary has unduly engaged in restraint thereby impeding its own independence. The third part of the paper evaluates the differences in technique and stance the judiciary has adopted when reviewing draft enactments of the national legislature and when reviewing draft or enacted statutes of Provincial Councils. From a comparative constitutional perspective, this assessment is expected to provide the background that is essential in understanding the island nation’s current constitutional discourse, transitional justice process, and its approach to human rights.


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