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Business Innovations and Change: Lessons from Pandemic

In: Future of Work and Business in Covid-19 Era

Author

Listed:
  • Jaya Rani Das

    (Gauhati University)

  • Monoj Kumar Chowdhury

    (Gauhati University)

Abstract

Covid-19 was declared as a pandemic by World Health Organization on March 11, 2020. Soon thereafter, it has changed the history by transforming populations, states, societies, economics, norms, and governing structures. Through detail analysis, it can be assumed that impact of Covid-19 is highly disruptive in the short run and highly unpredictable for the days to come. It can’t be denied that it has affected many nations and their population in different ways and at different timescale. It not only has changed the life and lifestyle of people, but also altered the scopes and opportunities of many commercial sectors. The implementation digitalization in India has been observed in true sense after the breakthrough of SARS-COV-2. Though the pandemic became a curse for many businesses, yet this brought a golden time for tech companies, because it has become the only way of communication during and after lockdown. The partnership of public and private enterprises worked like magic and became the only way to face this crisis. The combined effort of big tech companies and government results in innovative ways to help frontline workers, undertaking concerted action in manufacturing and distributing essential medical equipment. This collaboration has worked well in this situation and generated the ideas related to innovation through technology hubs. It has created an environment to leverage efforts among companies, research universities and skilled young talents for product, services and solutions to mitigate the vulnerability raised due to Covid pandemic.

Suggested Citation

  • Jaya Rani Das & Monoj Kumar Chowdhury, 2022. "Business Innovations and Change: Lessons from Pandemic," Springer Proceedings in Business and Economics, in: Rabi Narayan Subudhi & Sumita Mishra & Abu Saleh & Dariush Khezrimotlagh (ed.), Future of Work and Business in Covid-19 Era, pages 363-374, Springer.
    • Handle: RePEc:spr:prbchp:978-981-19-0357-1_30
    DOI: 10.1007/978-981-19-0357-1_30
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