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Digital resilience and new business models in the post-COVID-19 scenario: from B2B perspective in the era of knowledge economy

Sheshadri Chatterjee (Department of Computer Science and Engineering, Indian Institute of Technology Kharagpur, Kharagpur, India)
Ranjan Chaudhuri (Department of Marketing, Indian Institute of Management Ranchi, Ranchi, India)
Demetris Vrontis (School of Business, University of Nicosia, Nicosia, Cyprus)

Journal of Enterprise Information Management

ISSN: 1741-0398

Article publication date: 28 March 2023

Issue publication date: 10 September 2024

579

Abstract

Purpose

The purpose of this study is to examine how the pandemic impacted on business-to-business (B2B) cooperation and coordination, as well as on firms' financial and operational performance, from the B2B context in the era of knowledge economy.

Design/methodology/approach

With the help of social network theory, coordination theory and existing literature, a theoretical model was developed conceptually. Later, the conceptual model was validated using structural equation modelling technique with consideration of 712 respondents from different firms who are engaged in managing B2B relationships on behalf of their firms.

Findings

The study found that the COVID-19 pandemic has had a considerable moderating impact on the relationship between B2B cooperation and coordination with B2B relationship satisfaction. The study also highlighted that there is a degradation of financial and operational performance of firms due to the impact of COVID-19 pandemic on their B2B relationship management.

Practical implications

There is a challenging and ever-evolving global economy caused by the COVID-19 pandemic. Although it is argued that the pandemic has accelerated the growth of some online firms, it has also had a catastrophic effect, culminating in many firms failing. This study has developed a new business model which helps in improving financial as well as operational performance of the firms in post COVID-19 scenario, especially in the era of knowledge economy.

Originality/value

This is a unique study as this study (1) develops a unique theoretical model with high explanative power, (2) demonstrates how digital reliance and new business model help the firms in post COVID-19 pandemic and (3) adds to the body of literature in the domain of digital reliance, knowledge economy and B2B relationship management.

Keywords

Citation

Chatterjee, S., Chaudhuri, R. and Vrontis, D. (2024), "Digital resilience and new business models in the post-COVID-19 scenario: from B2B perspective in the era of knowledge economy", Journal of Enterprise Information Management, Vol. 37 No. 5, pp. 1578-1602. https://doi.org/10.1108/JEIM-10-2022-0383

Publisher

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Emerald Publishing Limited

Copyright © 2023, Emerald Publishing Limited

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