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Business Relationships Between Other Stakeholders

In: Managing Sustainable Business Relationships in a Post Covid-19 Era

Author

Listed:
  • Vijay Pereira

    (NEOMA Business School)

  • Yama Temouri

    (Khalifa Univ of Science and Technology)

  • Daicy Vaz

    (NEOMA Business School)

Abstract

Generally, every business is regulated by law. And within this regulated framework, all responsible stakeholders look for their share of profit from the overall business turnover. During a crisis, if the organization is unable to perform, all stakeholders are on the losing side. Mainly organizations suffer from financial loss. One reason could be that consumers reduce consumption from their end to cut down expenses on non-essential goods and services leading to loss of sales for suppliers. This in turn increases production cost if economies of scale are not exploited as before. When demand is low, prices reduce and ultimately businesses incur losses. For example, prices of crude oil, flight tickets, and vehicles experienced all-time low prices.

Suggested Citation

  • Vijay Pereira & Yama Temouri & Daicy Vaz, 2022. "Business Relationships Between Other Stakeholders," SpringerBriefs in Business, in: Managing Sustainable Business Relationships in a Post Covid-19 Era, chapter 0, pages 29-35, Springer.
    • Handle: RePEc:spr:spbrcp:978-3-030-96199-2_5
    DOI: 10.1007/978-3-030-96199-2_5
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