Business economics in a pandemic world: how a virus changed our economic life

Breuer, Wolfgang; Bischof, Jannis; Fabel, Oliver; Hofmann, Christian; Hundsdoerfer, Jochen; Weitzel, Tim

doi:10.1007/s11573-023-01135-x

Cited by 3 publications

(2 citation statements)

References 11 publications

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“…We address the impact of CF as an individual characteristic of managers on focus shifts in managerial attention to WCM and OR and discuss whether managers' CF can be implemented in the recruitment and personnel selection process to finally increase OR. In addition, we draw on recent calls for organization-level studies in the context of COVID-19, such as the authors of [44], who call for examining the factors that explain differences in how hard the crisis ultimately hit different organizations and what makes organizations resilient during a crisis.…”

Section: Introductionmentioning

confidence: 99%

Organizational Resilience and the Attention-Based View of the Firm—Empirical Evidence from German SMEs

Weber,

Kokott

2024

Sustainability

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The need for organizations to increase resilience is still growing, not least because of economic crises, such as the 2007–2009 global financial crisis, the COVID-19 pandemic, and supply shortages in raw material procurement combined with rising commodity costs and energy prices. We use an attention-based view approach as a theoretical lens to investigate the shift in management’s attention due to a crisis, with a particular focus on working capital management (WCM) as a decisive finance tool. In addition, we examine how management’s attention shifts to organizational resilience (OR). We also analyze how managers’ cognitive flexibility (CF), which reflects their ability to anticipate and quickly adapt, moderates the change in attention. By surveying 307 top and middle managers in German small- and medium-sized enterprises, we measure the crisis effect on the shift in managerial attention to WCM and OR. In addition, we measure managers’ CF and examine the contribution of these individual characteristics in the context of WCM and OR. Our mediation model reveals a positive, indirect-only effect of the crisis on the shift in management attention to OR mediated by the shift in management attention to WCM. In addition, our results show that managers’ CF negatively moderates the effect between managerial focus shifts to WCM and to OR. Our study’s results deepen the understanding of the importance of managers’ CF in times of crisis and the impact of CF on sales development, suggesting that managers’ CF may influence the link between the focal characteristics of WCM and OR.

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Section: Introductionmentioning

confidence: 99%

Organizational Resilience and the Attention-Based View of the Firm—Empirical Evidence from German SMEs

Weber,

Kokott

2024

Sustainability

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“…Chowdhury and Quaddus (2016) noted that champions in the marketplace are those who respond, adapt, and reconfigure their resources and competencies in a timely manner amid disruptions and turbulence in the environment. The COVID‐19 pandemic highlighted the need for new business strategies, competencies, and their integration in future supply chain designs (Bamakan, Faregh, & ZareRavasan, 2021; Bamakan, Malekinejad, et al, 2021; Breuer et al, 2023). Unlike the traditional supply chain metrics (e.g., lead time, delivery time, cost, quality etc.…”

Section: Introductionmentioning

confidence: 99%

The role of supply chain analytics on supply chain responsiveness, resilience, and restoration (3Rs) capabilities in the United Arab Emirates

Shamout

2024

Bus Strat Dev

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This paper responds to calls for research and conceptualizes resilience, responsiveness and reconfigurable (3Rs) capabilities required for handling disruptions in pre‐disruption, during disruption and post‐disruption stages. This paper examined the impact of analytics on 3Rs capabilities in the supply chain context building on the tenets of contingency theory. Drawing on survey data obtained from individuals with managerial positions in firms operating in the United Arab Emirates (n = 151), this study investigates how supply chain analytics foster 3Rs capacities in the face of a pandemic using canonical correlation and linear regression analyses. Supply chain analytics is a relevant predictor for supply chain (i) resilience, (ii) responsiveness, and (iii) restoration/reconfiguration. Inevitable supply chain disruptions call for investment and integration of digital tools like supply chain analytics because they offer timely information for informed decision‐making. This work provides theoretical contributions to the domain of interest by exploring the role of supply chain analytics on the 3Rs capabilities.

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Formalization of annual performance feedback and employees’ job satisfaction in the SME context

Guenther,

Lehnen,

Rilke

2024

Journal of Small Business Management

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Business economics in a pandemic world: how a virus changed our economic life

Cited by 3 publications

References 11 publications

Organizational Resilience and the Attention-Based View of the Firm—Empirical Evidence from German SMEs

Organizational Resilience and the Attention-Based View of the Firm—Empirical Evidence from German SMEs

The role of supply chain analytics on supply chain responsiveness, resilience, and restoration (3Rs) capabilities in the United Arab Emirates

Formalization of annual performance feedback and employees’ job satisfaction in the SME context

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