Business continuity in the COVID-19 emergency: A framework of actions undertaken by world-leading companies

Alessandro Margherita and Marikka Heikkilä

Business Horizons, 2021, vol. 64, issue 5, 683-695

Abstract: The COVID-19 emergency has urged companies to operate in new ways to face supply chain interruptions, shifts in customer demand, and risks to workforce health. The organizational ability to respond to critical contingencies is crucial for business leaders in the perspective of continuing business. In our research, we investigate the actions undertaken by 50 world-leading corporations to respond to the pandemic. Applying content analysis to web pages and social network posts, we extract 77 actions related to 13 sub-areas and integrate these into a five-level framework that encompasses operations, customer, workforce, leadership, and community-related responses. We also describe six illustrative company examples of how the emergency can generate opportunities for creating new value. The study advances the scholarly discussion on the impact of emergencies on business continuity and can help leaders define response strategies and actions in the current challenge.

Keywords: Business continuity; COVID-19; Value creation; Responses; Framework; Operations; Workforce (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:bushor:v:64:y:2021:i:5:p:683-695

DOI: 10.1016/j.bushor.2021.02.020

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