The Social Capital of Young Entrepreneurs in the Conditions of Pandemia COVID-19 on the Example of Craft Spaces’s Owners in St. Petersburg
DOI:
https://doi.org/10.14515/monitoring.2023.3.2281Keywords:
craft economy, social capital, entrepreneurship, COVID-19, communityAbstract
The COVID-19 pandemic that began in 2020 has become a crisis moment for many craft entrepreneurs. New risks and restrictions affecting the craft business required the search for new solutions and resources to overcome the difficulties that have arisen. One of the sources of such resources for craft entrepreneurs was their networks of relationships with social agents, which act as channels for extracting economic benefits. These networks in the framework of the present study are considered as social capital. The article analyzes the social and cultural capital of young entrepreneurs — owners of craft spaces in St. Petersburg within the framework of a qualitative paradigm and basing on the theoretical concept of capital by Pierre Bourdieu. The authors show that these alternative forms of capital were used by craft entrepreneurs during the pandemic to save their business through the establishment of the symbolic significance of the business in the segment of the craft economy and the formation of a community.
Acknowledgements. The article is prepared within the project «”Surviving Tough Times and Saving Business”: Strategies for Coping with the Crisis by Young Entrepreneurs in St. Petersburg» carried out within the framework of the Basic Research Program at the National Research University Higher School of Economics (HSE University) in 2021.
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