Evolution of business models during the Covid-19 pandemic

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dc.authorid0000-0002-7981-3121
dc.authorid0000-0002-1924-8255
dc.contributor.authorTeker, Suaten_US
dc.contributor.authorĂ–rendil, Emreen_US
dc.date.accessioned2023-02-08T10:57:24Z
dc.date.available2023-02-08T10:57:24Z
dc.date.issued2022-07-30
dc.departmentIşık Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.departmentIşık University, Faculty of Economics and Administrative Sciences, Department of Managementen_US
dc.description.abstractPurpose - 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.en_US
dc.description.versionPublisher's Versionen_US
dc.identifier.citationTeker, S. & Ă–rendil, E. (2022). Evolution of business models during the Covid-19 pandemic. PressAcademia Procedia, 15(1), 89-92. doi:10.17261/Pressacademia.2022.1583en_US
dc.identifier.endpage92
dc.identifier.issn2459-0762
dc.identifier.issue1
dc.identifier.startpage89
dc.identifier.urihttps://hdl.handle.net/11729/5359
dc.identifier.urihttp://dx.doi.org/10.17261/Pressacademia.2022.1583
dc.identifier.volume15
dc.institutionauthorTeker, Suaten_US
dc.institutionauthorĂ–rendil, Emreen_US
dc.institutionauthorid0000-0002-7981-3121
dc.institutionauthorid0000-0002-1924-8255
dc.language.isoenen_US
dc.peerreviewedYesen_US
dc.publicationstatusPublisheden_US
dc.publisherPressAcademiaen_US
dc.relation.ispartofPressAcademia Procediaen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBusiness modelsen_US
dc.subjectAdaptationen_US
dc.subjectInnovationen_US
dc.subjectCOVID-19en_US
dc.subjectPandemicen_US
dc.titleEvolution of business models during the Covid-19 pandemicen_US
dc.typeArticleen_US
dspace.entity.typePublication

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