IDEAS home Printed from https://ideas.repec.org/a/tec/journl/v16y2021i1p383-387.html
   My bibliography  Save this article

Adapting business model with Covid-19 pandemic using business strategic cards

Author

Listed:
  • Rosa Prafitri Juniarti

    (Universitas Negeri Surabaya)

  • Ahmad Ajib Ridlwan

    (Universitas Negeri Surabaya)

  • Ika Diyah Candra Arifah

    (Universitas Negeri Surabaya)

  • Fandi Fatoni

    (Universitas Negeri Surabaya)

  • A'rasy Fahrullah

    (Universitas Negeri Surabaya)

  • Achmad Kautsar

    (Universitas Negeri Surabaya)

Abstract

The Covid-19 pandemic crisis has dealt a severe blow to the Indonesian economy, especially the informal sector that driven by small and medium enterprises (SMEs). The implementation of physical and social distancing as part of a health protocol to overcome the pandemic forces food and beverage SMEs to adjust its product quality and service provision based on these standards and become more consumer-oriented. It is relevant to changing consumer lifestyles, which prioritize hygiene and product benefits for health. To adapt to this situation, SMEs are also required to adjust business models that support work flexibility, collaborative teamwork, and organize workplaces with incremental and iterative work sequences to achieve constant developing changes and help them to achieve their goals more effectively. Therefore, this study aims to analyze the process of adaptation of business models in food and beverage SMEs in Surabaya to the Covid-19 pandemic crisis.

Suggested Citation

  • Rosa Prafitri Juniarti & Ahmad Ajib Ridlwan & Ika Diyah Candra Arifah & Fandi Fatoni & A'rasy Fahrullah & Achmad Kautsar, 2021. "Adapting business model with Covid-19 pandemic using business strategic cards," Technium Social Sciences Journal, Technium Science, vol. 16(1), pages 383-387, February.
    • Handle: RePEc:tec:journl:v:16:y:2021:i:1:p:383-387
    as

    Download full text from publisher

    File URL: https://techniumscience.com/index.php/socialsciences/article/view/2432/982
    Download Restriction: no
    File URL: https://techniumscience.com/index.php/socialsciences/article/view/2432
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christensen, Jens Froslev & Olesen, Michael Holm & Kjaer, Jonas Sorth, 2005. "The industrial dynamics of Open Innovation--Evidence from the transformation of consumer electronics," Research Policy, Elsevier, vol. 34(10), pages 1533-1549, December.
    2. Siti Hasnah Hassan & Noor Mohamed Mohamed Haniba & Noor Hazlina Ahmad, 2019. "Social customer relationship management (s-CRM) among small- and medium-sized enterprises (SMEs) in Malaysia," International Journal of Ethics and Systems, Emerald Group Publishing Limited, vol. 35(2), pages 284-302, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:thr:techub:10016:y:2021:i:1:p:383-387 is not listed on IDEAS
    2. Su, Hsin-Ning & Moaniba, Igam M., 2017. "Investigating the dynamics of interdisciplinary evolution in technology developments," Technological Forecasting and Social Change, Elsevier, vol. 122(C), pages 12-23.
    3. Waseem Ul Hameed & Muhammad Farhan Basheer & Jawad Iqbal & Ayesha Anwar & Hafiz Khalil Ahmad, 2018. "Determinants of Firm’s open innovation performance and the role of R & D department: an empirical evidence from Malaysian SME’s," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 8(1), pages 1-20, December.
    4. Hana Kim & Eungdo Kim, 2018. "How an Open Innovation Strategy for Commercialization Affects the Firm Performance of Korean Healthcare IT SMEs," Sustainability, MDPI, vol. 10(7), pages 1-14, July.
    5. Kafouros, Mario I. & Forsans, Nicolas, 2012. "The role of open innovation in emerging economies: Do companies profit from the scientific knowledge of others?," Journal of World Business, Elsevier, vol. 47(3), pages 362-370.
    6. Lingyan Meng & Md Qamruzzaman & Anass Hamad Elneel Adow, 2021. "Technological Adaption and Open Innovation in SMEs: An Strategic Assessment for Women-Owned SMEs Sustainability in Bangladesh," Sustainability, MDPI, vol. 13(5), pages 1-22, March.
    7. Qin, Jian & van der Rhee, Bo, 2021. "From trash to treasure: A checklist to identify high-potential NPD projects from previously rejected projects," Technovation, Elsevier, vol. 104(C).
    8. Karbowski, Adam, 2009. "Sieci społeczne i technologiczne: wpływ na proces powstawania innowacji w gospodarce [Social and Technological Networks and its Effects on Innovation Dynamics]," MPRA Paper 73624, University Library of Munich, Germany.
    9. Jinhyo Joseph Yun & Xiaofei Zhao & KyungBae Park & Lei Shi, 2020. "Sustainability Condition of Open Innovation: Dynamic Growth of Alibaba from SME to Large Enterprise," Sustainability, MDPI, vol. 12(11), pages 1-24, May.
    10. Toth, Jozsef & Dries, Liesbeth & Pascucci, Stefano, 2013. "Open or Not Open? (Open Innovation in the Hungarian Wine Industry)," 87th Annual Conference, April 8-10, 2013, Warwick University, Coventry, UK 158850, Agricultural Economics Society.
    11. Antonia Madrid-Guijarro & Dominique Philippe Martin & Domingo García-Pérez-de-Lema, 2021. "Capacity of open innovation activities in fostering product and process innovation in manufacturing SMEs," Review of Managerial Science, Springer, vol. 15(7), pages 2137-2164, October.
    12. Landon Kleis & Paul Chwelos & Ronald V. Ramirez & Iain Cockburn, 2012. "Information Technology and Intangible Output: The Impact of IT Investment on Innovation Productivity," Information Systems Research, INFORMS, vol. 23(1), pages 42-59, March.
    13. Ogink, Ruben H.A.J. & Goossen, Martin C. & Romme, A. Georges L. & Akkermans, Henk, 2023. "Mechanisms in open innovation: A review and synthesis of the literature," Technovation, Elsevier, vol. 119(C).
    14. Yusuf, Shahid, 2008. "Intermediating knowledge exchange between universities and businesses," Research Policy, Elsevier, vol. 37(8), pages 1167-1174, September.
    15. JinHyo Joseph Yun & Xiaofei Zhao & KwangHo Jung & Tan Yigitcanlar, 2020. "The Culture for Open Innovation Dynamics," Sustainability, MDPI, vol. 12(12), pages 1-21, June.
    16. Gabriele Santoro & Alberto Ferraris & Elisa Giacosa & Guido Giovando, 2018. "How SMEs Engage in Open Innovation: a Survey," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(2), pages 561-574, June.
    17. Van de Vrande, Vareska & Vanhaverbeke, Wim & Duysters, Geert, 2009. "Additivity and complementarity in external technology sourcing: The added value of corporate venture capital investments," MPRA Paper 26419, University Library of Munich, Germany, revised 2010.
    18. Kim, Namil & Lee, Hyeokseong & Kim, Wonjoon & Lee, Hyunjong & Suh, Jong Hwan, 2015. "Dynamic patterns of industry convergence: Evidence from a large amount of unstructured data," Research Policy, Elsevier, vol. 44(9), pages 1734-1748.
    19. Grama-Vigouroux, Simona & Saidi, Sana & Berthinier-Poncet, Anne & Vanhaverbeke, Wim & Madanamoothoo, Allane, 2020. "From closed to open: A comparative stakeholder approach for developing open innovation activities in SMEs," Journal of Business Research, Elsevier, vol. 119(C), pages 230-244.
    20. Jozsef Toth & Liesbeth Dries & Stefano Pascucci, 2012. "Open Innovation Characters of the Hungarian wine Industry," MIC 2012: Managing Transformation with Creativity; Proceedings of the 13th International Conference, Budapest, 22–24 November 2012 [Selected Papers],, University of Primorska, Faculty of Management Koper.
    21. Krishnan, Sudeep K. & Jain, Rekha, 2013. "Exploring Openness in Information Technology (IT) Innovation Projects," IIMA Working Papers WP2013-06-02, Indian Institute of Management Ahmedabad, Research and Publication Department.

    More about this item

    Keywords

    Agile Business Model; Covid-19; food and baverages; SMEs; CRM;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    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:tec:journl:v:16:y:2021:i:1:p:383-387. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Tasente Tanase (email available below). General contact details of provider: .

    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.