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Companies' performance and behaviour responding to crisis during Covid-19 pandemic: a case study of the Czech Republic

Author

Listed:
  • Ekaterina Chytilová

    (Institute of Technology and Business in České Budějovice, Czech Republic)

  • Milan Talíř

    (Brno University of Technology, Czech Republic)

Abstract

The aim of the paper is to find out whether the behaviour of B2B and B2C enterprises differed in the pandemic period in terms of disruption, the extent of measures taken and the financial situation in the following period. To achieve the main objective, a questionnaire survey was conducted in Czech companies with a predominantly B2B or B2C business relationship. Two research questions were defined, which were answered by testing a total of 6 hypotheses. The parametric two-sample one-factor ANOVA and Pearson's Chi-squared test were used to test the hypotheses. The test results suggest that the correlation between the number of operation barriers and the level of disruption is more pronounced for B2C than for B2B. B2C businesses were more likely to use tools such as simplifying organisational structure or changing product offerings to combat the impact of pandemic. In contrast, B2B businesses used tools such as working from home and moving online to a greater extent. The correlation between the level of disruption and the use of remedial measures is only valid for the B2B group. The link between the measures taken and the economic situation after the pandemic was confirmed for both B2B and B2C businesses (to a greater extent). The survey results are valid only for B2B or B2C businesses in the Czech Republic. The results are limited to these measures only, other measures were considered irrelevant for the purpose of the study. The results are limited to the crisis period; results may differ in other periods.

Suggested Citation

  • Ekaterina Chytilová & Milan Talíř, 2024. "Companies' performance and behaviour responding to crisis during Covid-19 pandemic: a case study of the Czech Republic," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 11(3), pages 305-320, March.
  • Handle: RePEc:ssi:jouesi:v:11:y:2024:i:3:p:305-320
    DOI: 10.9770/jesi.2024.11.3(21)
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    More about this item

    Keywords

    B2B; B2C; disruption; corrective action; economic impact of pandemic;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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