IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v171y2024ics014829632300718x.html
   My bibliography  Save this article

Transform to adapt or resilient by design? How organizations can foster resilience through business model transformation

Author

Listed:
  • Grego, Marica
  • Magnani, Giovanna
  • Denicolai, Stefano

Abstract

Advisors and consultants consider business model transformation (BMT) as vital in responding to disruptive events like the COVID-19 pandemic. However, some companies demonstrated exceptional resilience during the pandemic without BMT. Given this scenario, we investigate the effect of BMT on firm resilience in 2020, the pandemic’s first year. We collect data from 336 Italian companies and develop an improved resilience measure that maximizes consistency with our theoretical framework. The results reveal that firms following an adaptive path towards resilience successfully leverage BMT. We also found that innovative and more internationalized companies are more likely to follow an absorptive path towards resilience, thus reducing the need for BMT when facing shocks. High levels of resilience can be achieved through small adjustments around a situation of constant equilibrium. Our study advances the resilience literature by showing that an absorptive path is equally effective to an adaptive path in fostering organizational resilience.

Suggested Citation

  • Grego, Marica & Magnani, Giovanna & Denicolai, Stefano, 2024. "Transform to adapt or resilient by design? How organizations can foster resilience through business model transformation," Journal of Business Research, Elsevier, vol. 171(C).
    • Handle: RePEc:eee:jbrese:v:171:y:2024:i:c:s014829632300718x
    DOI: 10.1016/j.jbusres.2023.114359
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S014829632300718X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbusres.2023.114359?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:171:y:2024:i:c:s014829632300718x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.