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2021, Academia Letters
International Journal of Multidisciplinary Research and Growth Evaluation
Business strategies during the COVID-19 pandemic2021 •
Business strategy is an action that is constantly increasing, and is carried out based on the perspective of what customers expect in the future. Thus, strategy almost always starts with what can happen rather than what happens to achieve long-term goals to be achieved and find the company's position in the industry so that the company can protect itself against competitive pressures. Several studies have analyzed the external environment using PEST analysis and Porter's five strengths and using the internal environment through business functions. Then perform a SWOT analysis and matrix it so that it can produce several alternatives in developing a business strategy.
The paper provides more information on strategies that can be applied by businesses to survive the COVID-19 while operating to ensure business survival. The spread of the pandemic to almost all countries has affected the supply chain of business organization globally. Behavioral and cultural shift can assist businesses to survive if well maintained. Another idea is on maintenance of the business by revising the organization's crisis and continuity plan. Online business channels and burn-rate analysis assists business to work beyond the restrictions imposed due to the pandemic. The paper concludes by bringing the concept of lockdown exit analysis that can be used by the business to continue implementing changes to ensure that they are at a better position even when the lockdowns are uplifted.
Post-Covid Competitiveness: Business Resilience & Adaptive System
Post-Covid Competitiveness: Business Resilience & Adaptive SystemPost-Covid Competitiveness: Business Resilience & Adaptive System is of interest to those who expect a critical but positive vision of the pandemic times we live. Experts explain the situation of the organizations, institutions and regions according to resilience, innovation and adaptation for the new ways and best practices according to the Sustainable Development Goals (SDGs). SDGs are the essential guidelines that facilitate the strategic consideration of the Post-covid competitiveness.
2020 IEEE Second International Conference on Cognitive Machine Intelligence (CogMI)
Global Pandemic: Business Model Impact on Enterprises reTHINK, reIMAGINE, reINVENT Businesses2020 •
The national and international different types of industry and business establishments are already greatly affected by the coronavirus pandemic. The main purpose of this essay is to explain how the Covid-19 is changing international business strategies. Although pandemic has a great impact in every business sector and it is hard to explore by doing surveys to identify the impact. So for the accomplishment of this essay, it covers all secondary data from the different authentic academic sources. For better understandability and accessibility this essay will cover two international business sectors one is the international food industry and another one is the international aviation industry. Worldwide trade analysts have been moderate to embrace a configuration approach in speculation detailing and experimental investigation. However, much of what International business administration researchers think about is intrinsically configurations: different illustrative components and their interaction at the same time decide the outcome(s) considered, such as administration choice or firm-level execution (Dabbicco, G. and Mattei, G., 2021). But the pandemic is a most recent issue and administration, arrangement, and financial procedure with effective strategies may shift with the controls of division itself. the organizational structures and shapes are implementing distinctive types of business strategies (Walker Jr, O.C. and Ruekert, R.W., 1987). Where various categories of structure, processes, and policies are included within the execution of marketing exercises to the general performance of individual business strategies. Besides, that strategies must be coordinated with complementary structures to promote success (Miller, D., 1988). The strategy of innovative separation is most likely to be pursued in relates to the use of technocrats and gadgets. Now it's pandemic so the business circumstance and plan ought to alter to develop and overcome the current business impediments concerning trade sectors. Though many research proposes a strategic approach to management from proactive pre-crisis planning through strategic implementation and evaluation (Ritchie, B.W., 2004). But for the pandemic in both sectors business promoters should focus their efforts on building a community to adopt innovative experiences. During a pandemic, the business, design, structure, and strategies have been changed. So, the research questions of this essay shall cover two questions. 1. What are the existing solution to crisis management in International Business? 2. What are the strategies, which can be used in tourism and export-import business? In addition to its effect on international business, the global pandemic has caused a major economic shock. Though different research shows that international business has taken necessary scientific developments and expertise accessible in the international market, an enormous mainstream of the workforce is still not prepared enough to achieve the several benefits presented by such resourcefulness, mostly due to lack of correct organizational structure and consciousness (Yang, X et al.2020). This essay, the paper will explore the impact of the pandemic on the international business and strategies in aviation and the food industry, focusing on two questions. First, how do international aviation and the food industry will adjust to the financial shocks resulting from a pandemic? What are the expert suggestions for international business strategies? The business improvement strategy infers that the sector will increment its market share by advertising its existing items to a new market. On the other hand, concurring to the diversification strategy each sector should offer modern items to new markets. As it appears the foremost complex and likely most difficult strategy to actualize agreeing to the Ansoff matrix is the broadening strategy. In truth, a contrast between concentric and conglomerate diversification should be made.
This research is based on the effects of the Pandemic which lead to the shifting of trends in every business vertical. Starting from March 2020, we have seen a huge and drastic shift in business models and their working. Considering work from home culture, various businesses needed to refresh their working infrastructure which ultimately cost them a lot in these unpleasant times when everyone was looking for resources to isolate themselves from this deadly disease. Not only private entities, but even government workings also got affected. In some places, government offices started working with limited employees and also used split methods to keep their offices running by implementing roaster techniques(Kuckertz et al., 2020). Nice sayings by Warren Buffett: "In a chronically leaking boat, energy devoted to changing vessels is more productive than energy devoted to patching leaks." This is what most businesses did when there were restrictions for public gatherings even in offices because "There is nothing wrong with change...if it is in the right direction."-Winston Churchill. So in this paper, we are going to bring light on some businesses which adopted these changes and showed the whole world that no challenge can keep their business on halt for a long time. Even though it seems hard initially ultimately businesses were able to make it(Kuckertz et al., 2020).
Annales Universitatis Mariae Curie-Skłodowska
COVID-19 as a Source of Failure or a Catalyst for Positive Changes in Business?2022 •
International Journal of Innovation and Economic Development
Strategic Planning and Sustainable Innovation During the COVID-19 Pandemic: A Literature ReviewThe COVID-19 crisis posed an opportunity for entering new avenues and market segments for large and financially viable enterprises, whilst SMEs lacking resources for such maneuver required cost-effective and quick-fix solutions. In this literature review, we reflect on the drivers of sustainable development of SMEs compared to their larger counterparts during major disasters. We have analyzed prior studies drawing from the concept of “sustainability“ during COVID-19, published between 2020-2021, as well as relevant studies from the domains of crisis management, sustainability, enterprise sustainability, digitisation effects on sustainability, sustainable business practices. Each research was screened to check for the content relevance to the subject matter. The paper suggests that radical sustaining innovation in service delivery combined with diversification could be fostered to mitigate risks and ensure SMEs survival in times of economic downturn. The paper adds to the existing bo...
2022 •
This paper aims to elaborate changing in business resilience and growth as basic reaction of crisis. By making a proposed model for business sustainability after crisis, this study detailed resilience and growth to stages to explain both processes. The model can also assist entrepreneurs to deal with crisis in term of what to do and what condition will they face. This qualitative study used purposive sampling and 13 case studies were included to build line-in-line coding and shape a proposed model by conducting semi-structured interview and FGD. Basically, this study reveals resilience and growth steps to help entrepreneurs to avoid misleading strategy. To complete the findings, we found that digital imperatives can faster both processes to reach sustainability. This paper draws on organisational resilience theory by using stages and deliver a bridge to achieve business sustainability and provides more practical steps to deal with crisis and gain business sustainability.
The Institute of Management and Economy Research
New Normal and Business Sustainability in the Age of Global pandemic2021 •
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