Impact of Covid-19 Travel Restrictions on the Entrepreneurial Spirit of Handloom Weavers in Sri Lanka: A Qualitative Study

ABSTRACT

Though the government relaxed the lockdown later, they continued to impose some strict restrictions on provincial movement during July 2021 and quarantined a few places. [...]small and private handloom industries could not function properly as they used to before the pandemic. According to Teece, sensing denotes gathering and clarifying information from the ecosystem 'to create a conjecture or a hypothesis about the likely evolution of technologies, customer needs, and marketplace responses' and 'involves scanning and monitoring internally'. [...]seizing promotes investment decisions by getting to know the external and internal information, and it is closely linked with strategic decision making. Li and Liu (2014) defined transforming as depending on the nature of the change that takes place in the business environment, and based on the nature of the objectives, the organization has the ability to execute and coordinate changes in the strategic decision making which involves a variety of managerial and organizational processes.