PBME

Perspectives on Business Management,
Economics & Information Technology (PBMEIT)


Now also covers research on Psychology
Home | About PBME | PBMEIT Conference | Scope | Indexing | Editorial Team | Call for Chapters | Authors Guidelines | Global Research Perspectives

PBME Volume IV ISBN: 978-81-951151-2-9

CORONAVIRUS DISEASE (COVID-19) AND NEW BUSINESS PRACTICES

Author(s): DR. MOHAMMED MAJEED ORCID iD & DR. ABUBAKARI ABDUL RAZAK ORCID iD icon & AHMED TIJANI ORCID iD icon

Abstract

The current chapter intends to look into the effect of COVID-19 pandemic on firms, the practices of consumers and the new business practices by firms. The effects of COVID-19 on consumer and consumer practices include: online purchases; compulsive hoarding; the store comes home; blurring of work; reunions with friends and family; improvisation; and discovery of talents. Also, the new business practices adopted by firms include: technology; employee management and cost-cutting; new product development opportunities; cleanness and hygiene; delivery; and meetings held by firms. Research has demonstrated that the pandemic has affected consumer behaviour. Many firms are therefore (have) innovated (innovative) in order for them to adapt to new conditions. The epidemic has greatly affected all states, continents, regions, urban and rural communities, families, and, inevitably, each person's thoughts and way of living, and we may never return to the normalcy that existed prior to COVID-19.

Keywords: COVID, business practices, Consumer behavior, consumer practices, consumer habits

JEL Classification: M31, M10

Download Full Paper (PDF)


© 2020-2024 Perspectives on Business Management & Economics (PBME)