Development of a Business Model Resilience Framework for Managers and Strategic Decision-makers

Area of Science:

• Organizational Studies
• Business Management
• Economic Resilience

Background:

• The Covid-19 pandemic significantly impacted global economies, particularly small and medium-sized enterprises (SMEs).
• Business model resilience, the ability to maintain or recover value proposition during disruptions, has gained renewed importance.
• Existing research lacks a unified framework connecting business resilience findings to organizational practice.

Purpose of the Study:

• To address the gap in a unified framework for business model resilience.
• To develop a practical framework for assessing and improving organizational resilience.
• To demonstrate the framework's relevance for organizational performance during the Covid-19 pandemic.

Main Methods:

• Development of a comprehensive framework for business model resilience.
• Identification of 11 key factors characterizing business model resilience.
• Application and validation of the framework using 2020 pandemic data.

Main Results:

• A novel framework for business model resilience was successfully developed.
• The framework comprises 11 distinct factors crucial for organizational resilience.
• Practical relevance demonstrated through improved organizational performance during the pandemic.

Conclusions:

• The developed framework provides a valuable tool for managers to assess and enhance business model resilience.
• It serves as a foundation for future research in translating business resilience concepts into practice.
• Enhanced business model resilience is critical for navigating economic disruptions and ensuring organizational sustainability.