Business models shifts: Impact of Covid-19
Open accessAbstract
No amount of crystal ball gazing may help us fathom the full impact of the Covid-19 (C-19) crisis on business organizations in a distinct manner. Given the lack of precedence, any such analyses seem to demand routine revisions as we progress further up the "number of infected" curve. Most countries of the world have imposed restrictions on social congregations or even people working in close proximity to each other. Industries that produce and deliver information products and services therefore, have continued to function while those that manufacture physical products especially labor-intensive firms were forced to minimize operations or temporarily shut down. However, in most countries, physical products which were essential in nature were reluctantly permitted to be manufactured given the need for them in people's everyday life. In this viewpoint, I draw upon three dimensions - information intensity of product/service, information intensity of process/value chain; along with a third dimension - essential nature of the product/service to help understand the immediate implications of C-19. I also present some anecdotal evidences of attempts to alter business models in these circumstances in order to address the challenges that certain product characteristics impose but at the same capitalize on the business opportunities presented by the essentiality of the products.
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The adaptability to survive the change to business models is associated with agility and the ability to utilise opportunities.
“The strategic shift in digitisation achieved by many organisations during the pandemic is analysed in Seetharaman (2020), where the study asserts the adaptability to survive the change to business models is associated with their agility and ability to utilise opportunities.”
From Impact of COVID-19 pandemic on information management research and practice: Transforming education, work and life (2020) · cites this paper as Seetharaman (2020)
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- Authors
- Seetharaman, P.
- Affiliations
- Indian Institute of Management Calcutta (IN)
- Corresponding author
- Seetharaman, Priya
- ORCID
- Seetharaman, Priya
- Venue
- International Journal of Information Management
- Publisher
- Elsevier BV
- Published
- 2020-10
- Volume
- 54
- Pages
- 102173
- ISSN
- 0268-4012 (ISSN-L)
- PMC
- PMC7323683
- OpenAlex
- W3039602975
- Cited by
- 565
- References
- 11
- Citations by year
- 2026: 20 · 2025: 37 · 2024: 60 · 2023: 115 · 2022: 155 · 2021: 150 · 2020: 28
- FWCI
- 95.24
- Type
- journal article
- Language
- en
- Open access
- green
- www.ncbi.nlm.nih.gov
- Licence
- Locations
- International Journal of Information Management (publishedVersion)
- PubMed Central (publishedVersion)
- PubMed (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › COVID-19 Pandemic Impacts
- Social Sciences › Business, Management and Accounting › Strategy and Management › Business Strategies and Innovation
- Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Digital Innovation in Industries
- Keywords
- COVID-19 pandemic, business model innovation, information intensity, value chain, essential goods, labor-intensive manufacturing, information products and services, business disruption, product attributes
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