Business Closure and Kubler-Ross’ Five Stages of Grief: A Conceptual Framework

DOI

10.2991/978-2-494069-99-2_15How to use a DOI?

Keywords

Kubler-Ross; Grief; Business closure

Abstract

The COVID-19 pandemic has caused many businesses to experience failure and close down. However, there are a lack of studies that examine how business owners experience the five stages of grief as their business venture fails and is forced to close. The current study therefore proposes a conceptual framework that examines how business owners experience five stages of grief namely: denial, anger, bargaining, depression, and acceptance when their business venture fails. Insight is provided into the complex relationship between a business owner’s emotional state and a failed venture. The proposed framework posits that business closure causes business owners to experience all five stages in line with the Kubler-Ross model.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Hong-Leong Teh
AU  - Shwu-Shing Ng
AU  - Yong-Hooi Lim
AU  - Tun-Pin Chong
AU  - Yen-San Yip
PY  - 2023
DA  - 2023/02/04
TI  - Business Closure and Kubler-Ross’ Five Stages of Grief: A Conceptual Framework
BT  - Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)
PB  - Atlantis Press
SP  - 172
EP  - 176
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-494069-99-2_15
DO  - 10.2991/978-2-494069-99-2_15
ID  - Teh2023
ER  -