Irina Atkova’s research on business resilience among top 10 most-cited papers in Strategic Entrepreneurship Journal

The research applies resilience theory to analyze how international firms adjust their business models (BMs) in response to environmental shocks. Based on a multiple-case study, the findings reveal that businesses develop various dynamic states of their BMs during the resilience process. Each state is characterized by different levels of business model change and innovation, with shifts driven by the firms' ability to develop resilience capabilities.

For business leaders, the study underscores the importance of ongoing business model adaptation in times of crisis. When confronted with prolonged uncertainty and extreme disruptions, international firms must continuously refine their BMs to maintain resilience. The research highlights that business modeling is not only a defensive mechanism but also a strategy to explore new market opportunities.

The paper’s significant impact is reflected in its citation count, as tracked by Clarivate Analytics. It was among the most-referenced articles published in the journal between January 1, 2023, and December 31, 2023. This recognition highlights the relevance of the study in advancing both academic discussions and practical approaches to business resilience and international strategy.

The full article, Business Modeling Under Adversity: Resilience in International Firms, is available as open access.

Congratulations to Irina Atkova and her colleagues on this achievement!