Abstract
The COVID-19 epidemic has triggered unmatched impairment to businesses globally. There are unmeasurable financial influences in the short-term and long-term and have causes intangible destruction within businesses. This study investigates the adoption and utilization of e-business during COVID-19 by both organizations and the general populaces. The study used a questionnaire-based survey to collect data from top managers of business organizations and their clients. SPSS was used to analyze the adoption factors. The outcomes presented that embracing e-business can assist to reduce the spread of COVID-19 and can reduce the physical ways of doing business. The findings of this study will help strategy makers, companies, and officials in making better decisions on the implementation of e-business. This will reduce the rapid spread of community transmission since ordering goods and services can easily be done virtually without physical contact, which goes in line with the social distance policy and in return boost the country’s economy
Highlights
The entire human civilization and all aspects of life globally are been hit by the coronavirus pandemic (Daniyal et al, 2020)
A significant number of respondents (85.9%) have worked for more than 5 years in their respective companies. 43.9% were working in a small-sized firm, 26.7% were working in a medium-sized firm while 29.4% of them were from big-sized firms
R2 values of e-business implementation (0.517) and services and sales during COVID-19 (0.715) indicate which prototype has a better prediction overall accuracy (Hair et al, 2016). It indicates that 51.7 percent of the variance for e-business implementation and 71.5 percent of the variance in company services and sales during COVID-19 are explained by the model
Summary
The entire human civilization and all aspects of life globally are been hit by the coronavirus pandemic (Daniyal et al, 2020). All the key economic powers of the world such as the USA, China, Spain, Germany, Uk, France, Switzerland, South Korea, Turkey, Canada, and the Netherlands were hit brutally by Coronavirus in the last four months (Ogundokun et al, 2020; Abdin, 2020; Lukman et al, 2020). Planes, and cargoes were all stopped literarily and idle irrespective of parks and garages. Every aspect of productions including technical, Human, mechanical, and technological were rendered inoperative and reduced greatly to an insignificant level. One could state that the COVID-19 impact on the economy has resulted in a deeper Global Financial crisis in the future to come. Since the consumption of essential commodities cannot be stopped, both businessmen and entrepreneurs must be ready to further their businesses respectively
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