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COVID-19 and the Evolving Business Environment: From the Lens of Three Innovation Theories

In: COVID-19 and the Evolving Business Environment in Asia

Author

Listed:
  • Andrei O. J. Kwok

    (Monash University Malaysia)

  • Motoki Watabe

    (Monash University Malaysia
    Sunway University Business School, Sunway University)

  • Sharon G. M. Koh

    (Monash University Malaysia)

Abstract

The COVID-19 pandemic has changed the business environment both positively and negatively. In this closing chapter, we explore how the pandemic is driving innovation to enable businesses to thrive post-pandemic. Over the past decade, conceptual, applied, and empirical work has advanced the literature on innovation. In exploring the link between innovation and the business environment, research needs to be interdisciplinary to allow a holistic understanding of the topic. The integration of economics, management, and technology is a catalyst for new contributions from different fields, which is the core of innovation. As businesses prepare to operate in the new post-COVID-19 norm, we discuss three theories, namely, Schumpeter’s (1942) theory of creative destruction, Barney’s (1991) resource-based view theory, and Rogers’ (2003) diffusion of innovation theory to help readers better understand the relationship between innovation and evolving business environments.

Suggested Citation

  • Andrei O. J. Kwok & Motoki Watabe & Sharon G. M. Koh, 2022. "COVID-19 and the Evolving Business Environment: From the Lens of Three Innovation Theories," Springer Books, in: Andrei O. J. Kwok & Motoki Watabe & Sharon G.M. Koh (ed.), COVID-19 and the Evolving Business Environment in Asia, pages 281-289, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-2749-2_14
    DOI: 10.1007/978-981-19-2749-2_14
    as

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