Reaction or anticipation? Resilience in small- and medium-sized enterprises

Purpose Building on the recent capability-based conceptualisation of resilience, this paper aims to explore whether experience a previous crisis and entrepreneur resilience are associated with Small- medium-sized enterprises (SMEs') adoption different anticipation strategies for adversities. Design/methodology/approach Using original survey data 959 Italian German SMEs, research uses multinomial logistic regression model in order test influence prior likelihood adopting strategies. Findings The shows that increases regularly proactive but non-formalised actions while decreasing pure reactive strategy adversities; addition, is nonlinearly Originality/value main originalities rely eschewing binary view relation organisational choice or approach towards adversities considering as factor both “bright” “dark” side effects