COVID-19 and business renewal: Lessons and insights from the global airline industry.
Int Bus Rev
; 30(3): 101802, 2021 Jun.
Article
in English
| MEDLINE | ID: covidwho-1046410
ABSTRACT
The emergence of the COVID-19 pandemic has adversely affected the fortunes of multiple companies around the globe. Accordingly, questions are increasingly being asked about how organizations can revitalize during and after a crisis. Yet, we have limited understanding of how organizations renew themselves during crises over time. We explore this question through the lens and examination of two South-Asian airlines Pakistan International Airlines and Sri Lankan Airlines. The cases offer important insights into the reasons behind underperformance of state-controlled enterprises and renewal activities. We shed light on strategic renewal (SR) in the wake of increasing liberalization and deregulations in the global airline industry. To this end, we propose a four-stage approach towards renewing such underperforming organizations to respond effectively to black swan events and external shocks.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Experimental Studies
Language:
English
Journal:
Int Bus Rev
Year:
2021
Document Type:
Article
Affiliation country:
J.ibusrev.2021.101802
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