COVID-19 and Business Failures

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Amankwah-Amoah, J., Khan, Z., & Wood, G. (2021). COVID-19 and business failures: The paradoxes of experience, scale and scope for theory and practice. European Management Journal, 39(2), 179-184. Web.

This article is an alternative to all solely optimistic expectations and the consequences of the covid crisis. The article concerns the negative effects of the pandemic and numerous cases where the business failed to operate for some reason. To build a more comprehensive and accurate picture of ongoing events in the service market, it is crucial to consider the crisis from both sides, negative and encouraging. The article specifically regards gaps in supply chains, breaks in geopolitical and economic relations, the inability to develop a successful anti-crisis campaign. In addition, the document includes feedback from employers on ongoing events and personal views about alternative outcomes of current events. The writer of the article is a professor of International Business at the University of Kent. His analysis encounters multinational enterprises and strategies concentrating precisely on company collapse in emerging conditions of the economy. The work is suitable for those who want to get a better look at the overall global picture and the reasons for the incapacity of a business in a crisis.

Anakpo, G., & Mishi, S. (2021). Business response to COVID-19 impact: Effectiveness analysis in South Africa. The Southern African Journal of Entrepreneurship and Small Business Management, 13(1). Web.

The article includes an extensive analysis of business response programs to the pandemic crisis. The investigation strived to analyze the efficacy of business reactions to the impact of COVID-19 on industry consequences. The general conclusions show the particular effectiveness of measures such as greater automation of all procedures, efficient online trading, and a reasonable increase in working hours. There is a generally positive trend of rapid and sufficient adaptation of even small and little-known businesses. The document advocates the creation of a holistic unit of the government with the sector of the economy, where both parts mutually assist and guide each other. The article is useful for its first conclusions about the anti-crisis work carried out in relation to various business projects, including in the field of cosmetic and stylistic services. In addition, there are visual statistics of unsuccessful and thriving strategic attempts of companies, according to which it is conceivable to conclude positive influencing aspects and practices. The authors of the article, Godfred Anakpo, and Syden Mishi, are graduates of the Faculty of Economics of Nelson Mandela University. The work has value for all employers and employees interested in keeping track of the current situation in the market and willing to prevent the business campaign failure.

Carnevale, J. B., & Hatak, I. (2020). Employee adjustment and well-being in the era of COVID-19: Implications for human resource management. Journal of Business Research, 116, 183–187. Web.

This article is valid for its rather innovative approach to assessing the actions of HR managers and analyzing what is happening in the service market during a pandemic crisis. The paper suggests ways to effectively educate a business team and outlines potential obstacles to enhancing work practices. Basically, it is about the opportunities and responsibilities of the managerial level of the working structure. At the end of the article, one can see an enthusiastic call for a global debate on the issue of customer centricity and security. The author of the article, Joel B. Carnevale, is known for his comprehensive research on work ethic, the perception of the manager as a leader, and psychological patterns in the workplace. The article is valuable for HR professionals who must quickly and effectively establish disinfection of the workplace, design a procedure for preventive measures, and so on. The successful implementation of these activities presently depends on the work of the personnel department and its ability to timely assess the situation.

Donthu, N., & Gustafsson, A. (2020). Effects of COVID-19 on business and research. Journal of Business Research, 117, 284–289. Web.

This article is a global study of the impact of post-COVID on the market for goods and services. The document was written by Naveen Donthu, the editor-in-chief of Business Research. The writer is a well-known representative of the modern marketing field and shares his professional experience in numerous articles. The second author of the article, Anders Gustafsson, is a professor of marketing at the Norwegian Business School. He has also devoted a lot of work to the topic of business support and recovery processes. This material is of value for research due to the vastness of the field of study. It involves the sphere of trade, tourism, education, transportation, and many more. Particularly useful is the part about the provision of care and beauty services, which include barbershops. The article observes the crisis not so much in terms of labor protection as economic instability. The article includes excerpts from 13 different papers on the implementation of anti-crisis methods, ethical issues resolution, and the reorganization of employees’ work responsibilities. It is necessary to pay attention to the year 2020 of publishing the article, which is the beginning of the pandemic issues. All conclusions and studies of the document should be carefully subjected to critical revision in connection with the events of recent years. The article is suitable for specialists interested in anti-crisis measures in terms of establishing ethical standards, introducing a new cultural code for workers, and improving modernized preventive measures.

Sheth, J. (2020). Impact of Covid-19 on consumer behavior: Will the old habits return or die? Journal of Business Research, 117, 280–283. Web.

The article states that any business should rely primarily on customer safety and positive experiences. All current businesses try quickly and efficiently adapt to the new wants and needs of customers. This article describes all the changes in the habitual behavior of the consumer and his recent injunctions. Professor Sheth has over 50 years of teaching and market research experience. He is internationally renowned for his critical expertise in crisis and geopolitical concerns in the marketing sector. The work is good for professionals with comprehensive understanding of the situation in the market and new customer demands. It may be a demand for a certificate of vaccination from the master, a request for additional disinfection of the workplace, maintaining social distance, and other safety measures.

Woodside, A. G. (2020). Interventions as experiments: Connecting the dots in forecasting and overcoming pandemics, global warming, corruption, civil rights violations, misogyny, income inequality, and guns. Journal of Business Research, 117, 212–218. Web.

The problem of the pandemic is a much deeper crisis and covers a large number of aspects. It applies not only to the conduct of business and the operation of the healthcare system but to any national and local regulations that affect people’s daily lives. In this study, business and marketing are viewed as a holistic global response to the changes taking place in the world. It includes any activities, opinions, fear responses, feelings of both: organizations and firms, as well as individuals and clients. The article reviews successful preventive business support strategies that have been implemented in New Zealand, Denmark, South Korea, Finland, and Vietnam. This article can help the study by describing the solely positive experiences of these countries. The work is divided into several segments covering the most essential matters. These are the mechanisms of the anti-crisis effort, the scientific component of this preventive mechanism, objective covid statistics and the situation within States, and the positive experience of other countries. Arch G. Woodside, the author of this article, has dedicated extensive background, especially in the tourism and service industries. This study is of great value, as it includes an extensive picture of possible concerns, including those directly related to the pandemic. It can be a significant difference in the capital of the residents, a violation of civil rights, inequality between different social strata, and so on. The article is highly recommended for anyone who perceives the current crisis globally and wants to learn about successful updates and preventive measures from other countries.

References

Carnevale, J. B., & Hatak, I. (2020). Employee adjustment and well-being in the era of COVID-19: Implications for human resource management. Journal of Business Research, 116, 183–187. Web.

Donthu, N., & Gustafsson, A. (2020). Effects of COVID-19 on business and research. Journal of Business Research, 117, 284–289. Web.

Sheth, J. (2020). Impact of Covid-19 on consumer behavior: Will the old habits return or die? Journal of Business Research, 117, 280–283. Web.

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COVID-19 and Business Failures

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