Business modeling under adversity : Resilience in international firms

Tamara Galkina*, Irina Atkova, Peter Gabrielsson

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

1 Citation (Scopus)
43 Downloads (Pure)

Abstract

Research Summary: This study employs resilience theory and examines the dynamics of business modeling in international firms that enable them to resist environmental shocks under the adverse conditions of a global pandemic. Our multiple-case study shows that firms develop various dynamic states of their business models (BMs) during the resilience process; each state differs in terms of the scope of BM change and the concurrent degree of BM innovativeness. Shifts in dynamic states result from attaining certain resilience capabilities. We contribute to the dynamic view on BMs, and the process perspective on organizational resilience; we also advance BM research in the context of internationalization. Managerial Summary: Under conditions of extreme disruptions that take the form of long-lasting adversity, international firms need to continuously adjust their BMs to brave force majeure and remain resilient. This study takes a dynamic perspective on business modeling and examines how international firms develop different dynamic states of their BMs to stay resilient under extreme uncertainty; each state differs in terms of the scope of BM change, concurrent degree of BM innovativeness and the attained resilience capabilities. We show that business modeling is a continuous task of international firms that allows them not only to resist adversity but also to open new markets.

Original languageEnglish
Pages (from-to)802-829
JournalStrategic Entrepreneurship Journal
Volume17
Issue number4
Early online date4 Sept 2023
DOIs
Publication statusPublished - Dec 2023
MoE publication typeA1 Journal article-refereed

Keywords

  • adversity
  • business model
  • case study
  • internationalization
  • resilience

Fingerprint

Dive into the research topics of 'Business modeling under adversity : Resilience in international firms'. Together they form a unique fingerprint.

Cite this