Business models of Chinese firms impacted by the crisis based on case studies
The Covid-19 pandemic has hit businesses extremely hard. Because of reduced social contact, many business models (BMs) have been limited, and some have become unviable. In the current external crisis, timely BM changes are crucial for more effective responses to challenges of critical importance. Ba...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Richtmann Publishing
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/117821/ http://psasir.upm.edu.my/id/eprint/117821/1/117821.pdf |
| _version_ | 1848867351975428096 |
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| author | Lin, Zhongshu Li, Xueyao Lau, Yeng Wai Lau, Wei Theng Mohammed Shah, Sabarina |
| author_facet | Lin, Zhongshu Li, Xueyao Lau, Yeng Wai Lau, Wei Theng Mohammed Shah, Sabarina |
| author_sort | Lin, Zhongshu |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The Covid-19 pandemic has hit businesses extremely hard. Because of reduced social contact, many business models (BMs) have been limited, and some have become unviable. In the current external crisis, timely BM changes are crucial for more effective responses to challenges of critical importance. Based on the resourcebased view theory, this study adopts a multi-case study approach to investigate the core competencies demonstrated by firms in different industries in adjusting to the external environment. Integrating and adapting existing BMs to form new BMs presents significant differences in operational outcomes between firms. This study focuses on the response and development of firm crisis management during the Covid- 19 pandemic. Successful BM can enable firms to survive the crisis and even achieve improvement in the crisis. In addition, this paper distinguishes between business model innovation (BMI) and business model adaptation (BMA) at the theoretical and substantive levels, mainly from the perspective of firm value, including value proposition, value creation, value capture and value transfer, to differentiate between BMI and BMA. This study explains the impact of various BM changes on sustainable firm profitability and value through a detailed collection of media and company official reports. The emphasis on strategic flexibility has positively impacted firm BMs and value, which has implications for providing insights into companies’ longterm development. |
| first_indexed | 2025-11-15T14:35:07Z |
| format | Article |
| id | upm-117821 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:35:07Z |
| publishDate | 2024 |
| publisher | Richtmann Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1178212025-06-12T04:35:39Z http://psasir.upm.edu.my/id/eprint/117821/ Business models of Chinese firms impacted by the crisis based on case studies Lin, Zhongshu Li, Xueyao Lau, Yeng Wai Lau, Wei Theng Mohammed Shah, Sabarina The Covid-19 pandemic has hit businesses extremely hard. Because of reduced social contact, many business models (BMs) have been limited, and some have become unviable. In the current external crisis, timely BM changes are crucial for more effective responses to challenges of critical importance. Based on the resourcebased view theory, this study adopts a multi-case study approach to investigate the core competencies demonstrated by firms in different industries in adjusting to the external environment. Integrating and adapting existing BMs to form new BMs presents significant differences in operational outcomes between firms. This study focuses on the response and development of firm crisis management during the Covid- 19 pandemic. Successful BM can enable firms to survive the crisis and even achieve improvement in the crisis. In addition, this paper distinguishes between business model innovation (BMI) and business model adaptation (BMA) at the theoretical and substantive levels, mainly from the perspective of firm value, including value proposition, value creation, value capture and value transfer, to differentiate between BMI and BMA. This study explains the impact of various BM changes on sustainable firm profitability and value through a detailed collection of media and company official reports. The emphasis on strategic flexibility has positively impacted firm BMs and value, which has implications for providing insights into companies’ longterm development. Richtmann Publishing 2024-03-05 Article PeerReviewed text en cc_by_nc_4 http://psasir.upm.edu.my/id/eprint/117821/1/117821.pdf Lin, Zhongshu and Li, Xueyao and Lau, Yeng Wai and Lau, Wei Theng and Mohammed Shah, Sabarina (2024) Business models of Chinese firms impacted by the crisis based on case studies. Academic Journal of Interdisciplinary Studies, 13 (2). pp. 370-379. ISSN 2281-3993: eISSN: 2281-4612 https://www.richtmann.org/journal/index.php/ajis/article/view/13713 10.36941/ajis-2024-0053 |
| spellingShingle | Lin, Zhongshu Li, Xueyao Lau, Yeng Wai Lau, Wei Theng Mohammed Shah, Sabarina Business models of Chinese firms impacted by the crisis based on case studies |
| title | Business models of Chinese firms impacted by the crisis based on case studies |
| title_full | Business models of Chinese firms impacted by the crisis based on case studies |
| title_fullStr | Business models of Chinese firms impacted by the crisis based on case studies |
| title_full_unstemmed | Business models of Chinese firms impacted by the crisis based on case studies |
| title_short | Business models of Chinese firms impacted by the crisis based on case studies |
| title_sort | business models of chinese firms impacted by the crisis based on case studies |
| url | http://psasir.upm.edu.my/id/eprint/117821/ http://psasir.upm.edu.my/id/eprint/117821/ http://psasir.upm.edu.my/id/eprint/117821/ http://psasir.upm.edu.my/id/eprint/117821/1/117821.pdf |