Entrepreneurial Responses to Crisis

What is a crisis? According to Merriam‐Webster's dictionary (n.d.), the concept refers to “an unstable or crucial time in which a decisive change is impending, especially with the distinct possibility of a highly undesirable outcome.” The COVID‐19 pandemic that is sweeping across the globe certainly qualifies as a crisis, even a mega one. It has already caused vast economic and social instability, sent shock waves through national health systems and global supply chains, and upended people's lives abruptly and in unprecedented ways, causing hardship and misery. As we are writing this article, more than 1 million people have already lost their lives to the pandemic, and countless others have suffered its dire consequences.