Business Relationships Between Other Stakeholders

Vijay Pereira, Yama Temouri and Daicy Vaz
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Vijay Pereira: NEOMA Business School
Yama Temouri: Khalifa Univ of Science and Technology
Daicy Vaz: NEOMA Business School

Chapter Chapter 5 in Managing Sustainable Business Relationships in a Post Covid-19 Era, 2022, pp 29-35 from Springer

Abstract: 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.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-030-96199-2_5

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DOI: 10.1007/978-3-030-96199-2_5

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