Evolution of business models during the Covid-19 pandemic
YĂĽkleniyor...
Tarih
2022-07-30
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
PressAcademia
Erişim Hakkı
info:eu-repo/semantics/openAccess
Ă–zet
Purpose - The purpose of this study is to propose a comprehensive definition for business models, reviews and summarizes the findings of a previous work by Guckenbiehl and Corral de Zubielqui (2022) about how business models have evolved by providing insights from reshaped businesses during the COVID-19 pandemic. Methodology - In this study, an extensive literature review is followed to learn about definition of business models and how business model have been adapted or even innovated during the times of the COVID-19 pandemic. Findings - Construction of a well-planned business model is a requirement for an organization to reach success. In the times of disruptive events, business models go through adaptive or innovative changes which is a necessity for survival and further success. It is observed that organizations generate different responses to crises (e.g., the COVID-19 pandemic) in means of business model changes. The understanding of these differences is facilitated by the aforementioned work through grouping organizations in six different clusters. Conclusion - The structure of a business model prior to the COVID-19 pandemic was also one of the determinants of a business’s response to the pandemic. Businesses either made no changes in their business models, or made notable innovations, or little adaptations in response to the disruptive environment.
Açıklama
Anahtar Kelimeler
Business models, Adaptation, Innovation, COVID-19, Pandemic
Kaynak
PressAcademia Procedia
WoS Q DeÄźeri
Scopus Q DeÄźeri
Cilt
15
Sayı
1
KĂĽnye
Teker, S. & Ă–rendil, E. (2022). Evolution of business models during the Covid-19 pandemic. PressAcademia Procedia, 15(1), 89-92. doi:10.17261/Pressacademia.2022.1583
