2020
COVID-19: Implications for the Business Models
ADÁMEK, Pavel a Lucie MEIXNEROVÁZákladní údaje
Originální název
COVID-19: Implications for the Business Models
Autoři
ADÁMEK, Pavel (203 Česká republika, domácí) a Lucie MEIXNEROVÁ (203 Česká republika, domácí)
Vydání
Journal of Applied Economic Sciences, Journal of Applied Economic Sciences, 2020, 2393-5162
Další údaje
Jazyk
angličtina
Typ výsledku
Článek v odborném periodiku
Obor
50204 Business and management
Stát vydavatele
Rumunsko
Utajení
není předmětem státního či obchodního tajemství
Kód RIV
RIV/47813059:19520/20:A0000179
Organizační jednotka
Obchodně podnikatelská fakulta v Karviné
Klíčová slova anglicky
COVID-19 pandemic; business model adaptation; business model ecosystem; European Union; firm behavior; technological change
Příznaky
Mezinárodní význam, Recenzováno
Změněno: 2. 3. 2021 11:14, Ing. Lucie Meixnerová, Ph.D.
Anotace
V originále
This paper analyzes the impact of COVID-19 on selected economic indicators of the European Union to bridge these impacts "marked as triggers" of changes to business models. The logic of the focus lies in the interconnection and integration of external changes in the connection of the reaction of managerial decisions for change, adaptability, and adjustment of the business model in newly formed economic systems. Economies are affected by the effects of the ongoing pandemic as part of restrictive and health-related measures, where there is a direct link to the performance of businesses that need to adapt to ongoing changes in response to the COVID-19 pandemic. Our survey is mainly based on reviews in articles COVID-19 on business activities which enable businesses to share knowledge, decisions, and prospects including analysis of selected indicators as an industry, construction, wholesale and retail trade, and services when the Eurostat statistical data (2020b) are used. We combine the approach of mapping of literature review associated with the impact of a pandemic on business and impact analysis within the European Union on the economic indicators. Subsequently, we examine what and how businesses can do to respond quickly to the stimuli, our main focus is on business models that allow to quickly operationalize the current business situation and then take measures to create a basis for sustainability. The output is a discussion and proposals for the necessary business model shifts so that companies are resilient, flexible, capture value in the long term. For businesses looking to establish update business models during COVID19, we recognize that hiring entirely new models maybe not feasible. We focus on viability updates business models over fully comprehensive functions after crises COVID-19. We develop managerial recommendations for the growing demand for innovation and flexibility for the resilience business model to adapt to the new changed “post COVID” business environment.