Logo FedCSIS

Annals of Computer Science and Information Systems, Volume 24

Proceedings of the 2020 International Conference on Research in Management & Technovation

Logo PTI

Sustainable Evolution of Business during Covid-19 Pandemic—Innovation a New Normal

,

DOI: http://dx.doi.org/10.15439/2020KM21

Citation: Proceedings of the 2020 International Conference on Research in Management & Technovation, Shivani Agarwal, Darrell Norman Burrell, Vijender Kumar Solanki (eds). ACSIS, Vol. 24, pages 49–52 ()

Full text

Abstract. The timing of COVID 19 and the effects due to the pandemic were never expected by any economic researchers nor were any organization ready to face such a depressing situation. Nevertheless, during these adverse effects, many businesses were able to manage their organizations, keep up with their products, and still make profits. Also, the pandemic became a platform for many long-existing technologies and new technology inventions that were backstage for many years to come into the limelight. While the pandemic showed great losses to organizations and businesses worldwide, the technology, Healthcare, and medical devices sectors turned out to be one of the most profit-making companies. In this paper, we tried to understand the business, managerial and technological decisions that played a key role in bringing these technologies into the limelight during these adverse situations and outline some of the most popular businesses amongst them

References

  1. Kuckertz, A., Brändle, L., Gaudig, A., Hinderer, S., Reyes, C. A., Prochotta, A., . . . Berger, E. S. (2020). Startups in times of crisis – A rapid response to the COVID-19 pandemic. Journal of Business Venturing Insights, 13. http://dx.doi.org/10.1016/j.jbvi.2020.e00169
  2. Gavin, R., Harrison, L., Plotkin, C., Spillecke, D., & Stanley, J. (2020, May 07). The B2B digital inflection point: How sales have changed during COVID-19. Retrieved October 12, 2020, from https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/the-b2b-digital-inflection-point-how-sales-have-changed-during-covid-19
  3. Netflix gets 16 million new sign-ups thanks to lockdown. (2020, April 21). Retrieved October 12, 2020, from https://www.bbc.com/news/business-52376022
  4. Prajanma Das Edex Live, & Live, E. (n.d.). How video conferencing app Zoom went from 10 mn to 300 mn users in one pandemic. Retrieved October 12, 2020, from https://www.edexlive.com/news/2020/apr/25/how-video-conferencing-app-zoom-went-from-10-mn-to-300-mn-users-in-one-pandemic-11587.html
  5. Impact of the COVID-19 pandemic on tourism. (2020, October 08). Retrieved October 12, 2020, from https://en.wikipedia.org/wiki/Impact_of_the_COVID-19_pandemic_on_tourism
  6. Boin, Arjen. "The new world of crises and crisis management: Implications for policymaking and research." Review of Policy research 26.4 (2009): 367-377.
  7. Paul Bishop & Daniel Shilcof (2017) The spatial dynamics of new firm births during an economic crisis: the case of Great Britain, 2004–2012, Entrepreneurship & Regional Development, 29:3-4, 215-237, http://dx.doi.org/10.1080/08985626.2016.1257073
  8. Innovation and technology in the age of Covid-19. (n.d.). Retrieved October 12, 2020, from https://www.timesnownews.com/technology-science/article/innovation-and-technology-in-the-age-of-covid/592598
  9. Sofi. (2020, April 23). Covid-19: IUST Creates RUHDAAR, A Low-Cost Frugal Ventilator. Retrieved October 12, 2020, from https://kashmirobserver.net/2020/04/23/covid-19-iust-creates-ruhdaar-a-low-cost-frugal-ventilator/
  10. Pti, Here, P., -, R., -, S., & -, B. (2020, May 14). Defence Ministry patents low cost PPE developed by Navy in move toward mass production. Retrieved October 12, 2020, from https://theprint.in/india/defence-ministry-patents-low-cost-ppe-developed-by-navy-in-move-toward-mass-production/421812/
  11. COVI-Safe: Transport system for COVID-19 patients made easy. (2020, April 03). Retrieved October 12, 2020, from https://news.abplive.com/videos/news/india-covi-safe-transport-system-for-covid-19-patients-made-easy-1188141
  12. Raguenez, F. (2020, May 26). Anti-epidemic robots help Rwanda fight against COVID. Retrieved October 13, 2020, from https://www.covidinnovations.com/home/25052020/anti-epidemic-robots-help-rwanda-fight-against-covid
  13. COVID-19. (n.d.). Retrieved October 13, 2020, from https://www.innovationsinhealthcare.org/covid-19-innovations-in-healthcare-responds/
  14. “Companies Fresh Start Scheme [PDF]. (2020). New Delhi: MCA. http://www.mca.gov.in/Ministry/pdf/Press_30032020.pdf