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Toward a Business Resilience Model: The Case of Sharia Property in Surabaya Raya Area during COVID-19 Pandemic

Author

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  • Aulia Adzkia Fauzi

    (Bandung Institute of Technology, Indonesia)

  • Raden Aswin Rahadi

    (Bandung Institute of Technology, Indonesia)

Abstract

This study aims at examining how sharia property can build resilience during COVID-19 pandemic and to provide a business resilience model by exploring its capabilities to be resilient during COVID-19 pandemic. The empirical results from a case study of sharia developer located in Surabaya Area, show that the strengthening of the developers’ commitment, strengthening cash flow management, enhancing, and deploying knowledge stock about sharia property, and emerging dynamic capability to respond to the shock and maintain the business continuity of sharia property during COVID-19 pandemic. We contribute to extant business and management literature about the concept of business resilience of sharia property by proposing a model about how sharia property builds its business resilience during COVID-19 pandemic.

Suggested Citation

  • Aulia Adzkia Fauzi & Raden Aswin Rahadi, 2021. "Toward a Business Resilience Model: The Case of Sharia Property in Surabaya Raya Area during COVID-19 Pandemic," European Journal of Business and Management Research, European Open Science, vol. 6(4), pages 252-261, July.
    • Handle: RePEc:epw:ejbmr0:v:6:y:2021:i:4:id:50986
    DOI: 10.24018/ejbmr.2021.6.4.986
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