The challenges and opportunities of a global health crisis: the management and business implications of COVID-19 from an Asian perspective

Yipeng Liu, Jong Min Lee, Celia Lee

Research output: Contribution to journalArticlepeer-review

111 Citations (Scopus)

Abstract

On March 11, 2020, the World Health Organization (WHO) declared the coronavirus (COVID-19) outbreak a pandemic. As the evolution and implications of the COVID-19 crisis are still unfolding, we posit that exploring the experiences and strategic responses of Asian countries may shed light on ways to combat COVID-19 for the rest of the world. In this paper, we first articulate the importance of resilience, strategic agility, and entrepreneurship in the context of the fight against COVID-19. Then, with the focus on China, South Korea, and Singapore, we discuss the impact COVID-19 is having on economies and businesses, governmental support for businesses and societies, and implications for global supply chain disruptions. We hope that the global health system will recover quickly, and that the world economy will be revitalized with the contributions and collaboration of science (including social science), industry, and governments.

Original languageEnglish
Pages (from-to)277-297
Number of pages21
JournalAsian Business and Management
Volume19
Issue number3
DOIs
Publication statusPublished - 2020 Jul 1

Bibliographical note

Publisher Copyright:
© 2020, Springer Nature Limited.

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Sociology and Political Science
  • Political Science and International Relations
  • Strategy and Management

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