EVOLUTION OF THE BUSINESS INDUSTRY IN THE POST-COVID-19 ERA
Nancy Mucher , Cruise Consultant, Travel Agent, Cruise Agent, Founder of Cruiseruss Delray Beach, Florida, USAAbstract
This study examines the evolution of business industry in the post-COVID-19 era, aiming to identify key transformations and strategic imperatives for businesses. Utilizing a comprehensive analysis of organizational adaptation theories, disruptive innovation concepts, and dynamic capabilities frameworks, the research explores fundamental shifts in the global economic landscape. The study reveals accelerated digitalization, supply chain reconfiguration, and evolving consumer behavior as primary drivers of change. Three critical strategic imperatives emerge: digital transformation and innovation development, operational model flexibility, and integration of sustainability principles. The findings suggest that successful navigation of the new reality requires companies to fundamentally rethink their role in society and ecosystems, balancing short-term efficiency with long-term sustainability. This research contributes to the understanding of organizational change dynamics in high-uncertainty environments and provides a multidimensional model for analyzing strategic decisions in the post-pandemic era.
Keywords
Post-covid business evolution, organizational adaptation, digital transformation
References
Meyer J. W., Rowan B. Institutionalized organizations: Formal structure as myth and ceremony //American journal of sociology. – 1977. – T. 83. – No. 2. – pp. 340-363.
DiMaggio P. J. et al. The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields //American sociological review. – 1983. – T. 48. – No. 2. – pp. 147-160.
Christensen C. M. The innovator's dilemma: when new technologies cause great firms to fail. – Harvard Business Review Press, 2013.
Lengnick-Hall C. A., Beck T. E. Adaptive fit versus robust transformation: How organizations respond to environmental change // Journal of management. – 2005. – T. 31. – No. 5. – pp. 738-757.
Weick K. E., Sutcliffe K. M. Managing the unexpected: Resilient performance in an age of uncertainty. – John Wiley & Sons, 2011. – T. 8.
Linnenluecke M. K. Resilience in business and management research: A review of influential publications and a research agenda //International journal of management reviews. – 2017. – T. 19. – No. 1. – P. 4-30.
The Great Lockdown: Worst Economic Downturn Since the Great Depression //IMF. 2021. URL: https://www.imf.org/en/Blogs/Articles/2020/04/14/blog-weo-the-great-lockdown-worst-economic-downturn-since-the-great-depression
How COVID-19 has pushed companies over the technology tipping point—and transformed business forever //Mckinsey. URL: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-covid-19-has-pushed-companies-over-the-technology-tipping-point-and- transformed-business-forever
From potential to practice: Preliminary findings on the numbers of workers working from home during the COVID-19 pandemic //ILO. URL: https://www.ilo.org/resource/brief/potential-practice-preliminary-findings-numbers-workers-working-home-during
COVID-19 boost to e-commerce sustained into 2021, new UNCTAD figures show //UNCTAD. URL: https://unctad.org/es/isar/news/covid-19-boost-e-commerce-sustained-2021-new-unctad-figures-show
Gartner Predicts the Future of Supply Chain Technology //Gartner. URL: https://www.gartner.com/en/articles/gartner-predicts-the-future-of-supply-chain-technology
At one One Connected Supply Chain. One big move forward //Accenture. URL: https://www.accenture.com/content/dam/accenture/final/a-com-migration/r3-3/pdf/pdf-171/accenture-one-connected-supply-chain.pdf
Article Statistics
Downloads
Copyright License
Copyright (c) 2024 Nancy Mucher
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.