2021
			
	    
	
	
    EFFECTS OF THE CORONAVIRUS CRISIS ON BUSINESS MODELS
ADÁMEK, Pavel and Lucie MEIXNEROVÁBasic information
Original name
EFFECTS OF THE CORONAVIRUS CRISIS ON BUSINESS MODELS
	Authors
ADÁMEK, Pavel and Lucie MEIXNEROVÁ
			Edition
 Karviná, p. 1-14, 14 pp. 2021
			Publisher
Silesian University in Opava, School of Business Administration in Karviná
		Other information
Language
English
		Type of outcome
Proceedings paper
		Field of Study
50204 Business and management
		Country of publisher
Czech Republic
		Confidentiality degree
is not subject to a state or trade secret
		Publication form
electronic version available online
		References:
Organization unit
School of Business Administration in Karvina
			ISBN
978-80-7510-456-4
		Keywords in English
business model, business model elements, COVID-19, crisis, family business
		
				
				Changed: 25/9/2021 23:52, Ing. Lucie Meixnerová, Ph.D.
				
		Abstract
In the original language
This paper analyses the impact of COVID-19 on the identification of changes in the firm´s behaviour through adaptability and adjustment of the business model. The logic of the focus lies in the adaptability of business in response interconnection of pandemic triggering events in the connection of the reaction of managerial decisions. The paper aims to define the level of impact of changes of businesses in elements of the Canvas Business Model. Subsequently, we examine how businesses can do to respond quickly to the stimuli, and the formation of subsequent specific measures and innovative strategies of businesses. Methodologically, the paper combines a search of available resources and the subsequent impacts of changes in the business models of firms based on a search within the ongoing changes. Next, an exploratory quantitative research design based on interviews with key informants of family/nonfamily businesses in Czechia is accomplished. The period before and during the pandemic (2019 – 2020) is monitored. Data are processed using the econometric software EViews. The Mann-Whitney U test is used in the statistics. The proposal and discussion formulate business model shifts for resilient and flexible approaches to capturing business value.