Navigating disruptive crises through service-led growth: The impact of COVID-19 on Italian manufacturing firms
By Mario Rapaccini, Nicola Saccani, Christian Kowalkowski, Marco Paiola, Federico Adrodegari. Industrial Marketing Management, 2020
384 citations recorded by the source corpus.
This study draws on an extensive survey and interview data collected during the COVID-19 pandemic. The respondents were executives of industrials firms whose factories, warehouses, and headquarters are located in Northern Italy. This is undoubtedly the European region first and most extensively affected by the pandemic, and the government implemented radical lockdown measures, banning nonessential travel and mandating the shutdown of all nonessential businesses. Several major effects on both product and service businesses are highlighted, including the disruption of field-service operations and supply networks. This study also highlights the increased importance of servitization business models and the acceleration of digital transformation and advanced services. To help firms navigate through the crisis and be better positioned after the pandemic, the authors present a four-stage crisis management model (calamity, quick & dirty, restart, and adapt), which provides insights and critical actions that should be taken to cope with the expected short and long-term implications of the crisis. Finally, this study discusses how servitization can enhance resilience for future crises—providing a set of indicators on the presumed role of, and impact on, service operations in relation to what executives expect to be the “next normal.”
Subfields: Management Information Systems, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/46371ae3452ba102cbc2b05afbb96184d1cb4324
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Citations in the corpus
- Corporate Social Responsibility and Organizational Resilience to COVID-19 Crisis: An Empirical Study of Chinese Firms (2020, background): “Since its outbreak in December 2019, the COVID-19 pandemic has hit the global economy with an unprecedented crisis with respect to its cause, scope and severity [1,2].”