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
Edition
Karviná, p. 1-14, 14 pp. 2021
Publisher
Silesian University in Opava, School of Business Administration in Karviná
Other information
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
Organization unit
School of Business Administration in Karvina
Keywords in English
business model, business model elements, COVID-19, crisis, family business
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.
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