D 2021

EFFECTS OF THE CORONAVIRUS CRISIS ON BUSINESS MODELS

ADÁMEK, Pavel and Lucie MEIXNEROVÁ

Basic 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

Stať ve sborníku

Field of Study

50204 Business and management

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

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
Změněno: 25/9/2021 23:52, Ing. Lucie Meixnerová, Ph.D.

Abstract

V originále

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.