Newspaper business firms in Indonesia are facing difficult times both in keeping up with the advancement of digital technology and in dealing with Covid-19 Pandemic. This study attempts to examine the effects of Covid-19 Pandemic, corporate entrepreneurship, and organizational inertia on the business model innovation and business model performance of Indonesian newspaper business firms. This study employs a quantitative method using structural equation modelling (SEM). Data were collected from surveys on 50 newspapers’ leaders in DKI Jakarta, West Java, Central Java, and East Java. This study showed that there were direct consequences of both Covid-19 Pandemic, corporate entrepreneurship, and organizational inertia on business model innovation. Covid-19 Pandemic was also found affecting corporate entrepreneurship. Business model performance as measured by short term performance was not affected by business model innovation. Business model innovation is needed to improve long-term company performance.
<p><em>Covid-19 pandemic causing major shock to the business environment. One of the most affected business environment are newspaper business. Newspaper business that was previously always able to survive in the midst of various disruptions of time, now it is difficult to repeat the ‘glories’ of the past. Because Covid-19 has limited physical interactions which have resulted in disruption of all newspaper business activities starting from the production, distribution, and consumption. This situation left newspaper organizations with little choice but to innovate their business models. This research uses quantitative methods by distributing samples in 30 national newspapers in Indonesia. The purpose of this research is to reveal the strategic steps taken by the Indonesian newspaper business in order to survive from Covid-19 crisis.</em></p><p><em> </em></p><p><strong><em>Keywords</em></strong><em>: Covid-19 Turbulance, Digital Innovation, Newspaper Business, Business Model innovation</em></p>
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