Impact of Enhanced Business Models on Technology Companies in the Pandemic: A Case Study about the Revolutionary Change in Management Styles

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Models on Technology Companies in the Pandemic: A Case Study about the Revolutionary Change in Management Styles</title> <meta name="description" content="Impact of Enhanced Business Models on Technology Companies in the Pandemic: A Case Study about the Revolutionary Change in Management Styles"> <meta name="keywords" content="COVID-19, technology companies, business models, remote work."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="Impact of Enhanced Business Models on Technology Companies in the Pandemic: A Case Study about the Revolutionary Change in Management Styles"> <meta name="citation_author" content="Murat Colak"> <meta name="citation_author" content="Berkay Cakir Saridogan"> <meta name="citation_publication_date" content="2023/06/12"> <meta name="citation_journal_title" content="International Journal of Industrial and Systems Engineering"> 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class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/search?q=Murat%20Colak">Murat Colak</a>, <a href="https://publications.waset.org/search?q=Berkay%20Cakir%20Saridogan"> Berkay Cakir Saridogan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> <p>Since the dawn of modern corporations, almost every single employee has been working in the same loop, which contains three basic steps: going to work, providing the needs for the work, and getting back home. Only a small amount of people was able to break that standard and live outside the box. As the 2019 pandemic hit the Earth and most companies shut down their physical offices, that loop had to change for everyone. This means that the old management styles had to be significantly re-arranged to the "work from home" type of business methods. The methods include online conferences and meetings, time and task tracking using algorithms, globalization of the work, and, most importantly, remote working. After the global epidemic started, even the tech giants were concerned. Now, it can be seen that those technology companies have an incredible step-up in their shares compared to the other companies because they know how to manage such situations even better than every other industry. This study aims to take the old traditional management styles in big companies and compare them with the post-Covid methods (2019-2022). As a result of this comparison made using the annual reports and shared statistics, this study aims to explain why the winners of this crisis are the technology companies.</p> <iframe src="https://publications.waset.org/10013132.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=COVID-19" title="COVID-19">COVID-19</a>, <a href="https://publications.waset.org/search?q=technology%20companies" title=" technology companies"> technology companies</a>, <a href="https://publications.waset.org/search?q=business%20models" title=" business models"> business models</a>, <a href="https://publications.waset.org/search?q=remote%20work." title=" remote work."> remote work.</a> </p> <a href="https://publications.waset.org/10013132/impact-of-enhanced-business-models-on-technology-companies-in-the-pandemic-a-case-study-about-the-revolutionary-change-in-management-styles" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10013132/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10013132/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10013132/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10013132/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10013132/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10013132/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10013132/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10013132/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10013132/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10013132/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10013132.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">391</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] G. Cuofano, "Business, Business Models," 2 April 2022. (Online). Available: https://fourweekmba.com/what-is-a-business-model/#List_of_business_models. <br>[2] H. Ritchie, E. Mathieu, L. Rodés-Guirao, C. Appel, C. Giattino, E. Ortiz-Ospina, J. Hasell, B. Macdonald, S. Dattani and M. Roser, "Our World in Data," 5 3 2020. (Online). Available: https://ourworldindata.org/covid-stay-home-restrictions. <br>[3] T. Hale, N. Angrist and R. a. e. Goldszmidt, "A global panel database of pandemic policies (Oxford COVID-19 Government Response Tracker)," Nat Hum Behav 5, p. 529–538, 2021. <br>[4] "How businesses responded to COVID-19," 8 9 2020. (Online). Available: https://resources.workable.com/stories-and-insights/how-businesses-responded-to-covid-19-and-what-theyre-planning-now. <br>[5] S. Ovide, "‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech," 2021. (Online). Available: https://www.nytimes.com/2021/04/29/technology/big-tech-pandemic-economy.html. <br>[6] Owl Labs, "State of remote work 2021 - 5th Annual Edition," 2021. <br>[7] Henry, "Every Company Announcing a Hybrid Work Model (Update: Mar 21, 2022)," 21 3 2022. (Online). Available: https://buildremote.co/hybrid-work/hybrid-work-companies-list/. <br>[8] C. Labitoria, 27 10 2021. (Online). Available: https://www.hcamag.com/us/news/general/these-10-well-known-companies-offer-fully-remote-or-hybrid-work-arrangements/314596. <br>[9] N. Routley, "Charting the Continued Rise of Remote Jobs," 15 10 2021. (Online). Available: https://www.visualcapitalist.com/charting-the-continued-rise-of-remote-jobs/. <br>[10] CoSo, "CoSo Cloud | Secure Virtual Training & Collaboration," 17 2 2015. (Online). Available: https://www.cosocloud.com/press-releases/coso-survey-shows-working-remotely-benefits-employers-and-employees. (Accessed 11 5 2022). <br>[11] P. B. Lester, E. P. Stewart, L. L. Vie, D. G. 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Available: https://hiring.monster.com/resources/workforce-management/employee-retention-strategies/generation-z-in-the-workplace/. <br>[21] Dell Technologies, "Gen Z: The future has arrived," 2020. (Online). Available: https://www.delltechnologies.com/asset/en-us/solutions/industry-solutions/briefs-summaries/gen-z-the-future-has-arrived-executive-summary.pdf. <br>[22] F. Richter, "Infographic: Pandemic Reignites Tablet Market Growth," 14 4 2021. (Online). Available: https://www.statista.com/chart/8158/global-tablet-shipments/. <br>[23] M. Bergen, "Google Is Saving Over $1 Billion a Year by Working from Home," 28 4 2021. (Online). Available: https://www.bloomberg.com/news/articles/2021-04-28/google-is-saving-over-1-billion-a-year-by-working-from-home?sref=Qk91czAc. <br>[24] K. Weise, "Amazon’s profit soars 220 percent as pandemic drives shopping online," 2022. (Online). 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Impact of Enhanced Business Models on Technology Companies in the Pandemic: A Case Study about the Revolutionary Change in Management Styles